Beach Hatchery Limited announcements
330 Dhaka Stock Exchange announcements for Beach Hatchery Limited (BEACHHATCH) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (48).
- Resumption after record date
Trading of the shares of the company will resume on 26.12.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 22.12.2022.
- Spot News
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 20.12.2022 to 21.12.2022. Trading of the shares of the Company will remain suspended on record date i.e., 22.12.2022.
- The auditor of the Beach Hatchery Limited has given the \"Qualified Opinion\" paragraphs in the Auditor\'s Report for th
The auditor of the Beach Hatchery Limited has given the \"Qualified Opinion\" paragraphs in the Auditor\'s Report for the year ended 30 June 2022. Basis for Qualified Opinion: a. As per paragraph 58 of IAS-12 \"Income Taxes\" the company has not recognized deferred tax expense/income in the statement of profit or loss and other comprehensive income. b. The company has not provided required disclosure (cont.1)
- (Continuation news of BEACHHATCH): regarding compensation package of key management personnel, who is the related partie
(Continuation news of BEACHHATCH): regarding compensation package of key management personnel, who is the related parties of the company which is non-compliance of paragraph 17 of IAS-24 \"Related Party Disclosures\". c. As referred to the note # 2.12 to the financial statements which disclosed that the factory building and hatchery equipment of the company have been dismantled by the Government to construct marine drive road and some portion (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): of the land constituting of hatchery plant was also acquired by government authority.
(Continuation news of BEACHHATCH): of the land constituting of hatchery plant was also acquired by government authority. Hence, the entire operation of the Company has been halted since 24th April 2016. However, the Company has continued their operation and shown net profit for the year ended June 30, 2022. d. Trade receivables amounting to Tk. 269,943,798 was carried in the statement of financial- position at the reporting date. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): These balances were outstanding for more than six years and due to non-operation of t
(Continuation news of BEACHHATCH): These balances were outstanding for more than six years and due to non-operation of the Company for several years there is a probability that recoverability of these long outstanding balances involves a high degree of uncertainty against which no provision for doubtful debt have been recognized and expected credit loss as per IFRS-9 \"Financial Instruments\" by the Company which would overstate total assets (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): and understate net losses in the financial statements. Vigorous steps should be taken
(Continuation news of BEACHHATCH): and understate net losses in the financial statements. Vigorous steps should be taken by the company to collect their receivables. e. The management of the company has not made any provision for WPPF as per labor law 2006 (Amendment-2013). f. Income tax authority has issued letter dated 04.02.2015 claiming Tk. 19,335,561 as outstanding tax up to the assessment year 2012-2013 but the Company did not make (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): sufficient provision to meet up the said claim on the ground. Now they are the appell
(Continuation news of BEACHHATCH): sufficient provision to meet up the said claim on the ground. Now they are the appellate tribunal processing for hearing in this respect. g. Advance, deposits and prepayments of Tk. 2,499,791 was carried in the statement of financial position as on 30 June 2022. Despite, management of the Company considered that the full portion of these balances are good subject to realization or adjustment, we noted that (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): some of these balances were beyond more than five years against which no such adjustm
(Continuation news of BEACHHATCH): some of these balances were beyond more than five years against which no such adjustment was made in the financial statements. h. We draw attention to the schedule of property, Plant and Equipment where factory total assets written down value shown amount Tk. 225,749,161 where factory building and hatchery equipment of the company was dismantled by the government authority to construct (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): marine drive road. Now we have doubt about fair value of factory building and hatcher
(Continuation news of BEACHHATCH): marine drive road. Now we have doubt about fair value of factory building and hatchery equipment which amount shown in the financial statements. Even we had no scope to test of impairment of that assets as per IAS-36 \"Impairment of Assets\". Note-2.12 Going concern assumption: As the factory has been dismantled by the Government to construct marine drive road and entire operation has stopped and the management is trying to run the production as soon as possible. (end)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.31 for July-September 2022 as against Tk. (0.05) for July-September 2021; NOCFPS was Tk. (0.0170) for July-September 2022 as against Tk. (0.0264) for July-September 2021. NAV per share was Tk. 10.03 as on September 30, 2022 and Tk. 9.73 as on June 30, 2022.
- Revised NAVPS and NOCFPS for the year ended June 30, 2022
(Dividend Declaration): Refer to their earlier news disseminated by DSE on 17.11.2022 regarding Dividend Declaration, the Company has further informed that NAV per share would be Tk. 9.73 instead of Tk. 9.72 and NOCFPS would be Tk. 0.3654 instead of 0.0365 for the year ended June 30, 2022. Other information of the earlier disclosure will remain unchanged.
- The Board of Directors has recommended 1.50\% Cash dividend (excluding Sponsors and Directors) for the year ended June 3
The Board of Directors has recommended 1.50\% Cash dividend (excluding Sponsors and Directors) for the year ended June 30, 2022. Sponsors/Directors hold total number of Shares 1,44,78,185 and Cash Dividend payable to General Shareholders is Tk. 40,38,425.40. Date of AGM: 26.02.2023, Time: 10:00 AM, Venue: Digital Platform. Record date: 22.12.2022. (cont.)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (17.11.2022) following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
- Dividend Declaration
(Continuation news of BEACHHATCH): The Company has also reported EPS of Tk. 0.22, NAV per share of Tk. 9.72 and NOCFPS of Tk. 0.0365 for the year ended June 30, 2022 as against Tk. (0.22), Tk. 9.57 and Tk. (0.2244) respectively for the same period of the previous year. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on November 20, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on November 16, 2022 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Category Change
The Company will be placed in 'B' category from existing 'Z' category with effect from November 02, 2022 as the Company has reported disbursement of 1% cash dividend for the year ended June 30, 2021.
- Prohibition on providing loan facilities to purchase securities
DSE NEWS: The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Beach Hatchery Ltd. in between 1st to 7th trading days after change of categorization, with effect from November 02, 2022.
- (Continuation news of BEACHHATCH): e) Income tax authority has issued letter dated 04.02.2015 claiming Tk.19,335,561 as
(Continuation news of BEACHHATCH): e) Income tax authority has issued letter dated 04.02.2015 claiming Tk.19,335,561 as outstanding tax up to the assessment year 2012-2013 but the Company has not made sufficient provision to meet up the said claim on the ground that they are under the process of appeal against the said assessment order. f) Advance, deposits and prepayments of Tk. 3,238,531 was carried in the statement of financial position as on 30 June 2019. (cont.9)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): Despite, management of the Company considered that full portion of these balances are
(Continuation news of BEACHHATCH): Despite, management of the Company considered that full portion of these balances are good subject realization or adjustment, we noted that some of these balances were beyond more than one year against which no such adjustment was made in the financial statements. Note-Annexure 01: Written Down Value of Land & Land Development, Factory Building & Civil Const. and Hatchery Equipment & Machinery was BDT 205,229,927; (cont.10)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): Hence, the entire operation of the Company has been halted since 24th April 2016 and
(Continuation news of BEACHHATCH): Hence, the entire operation of the Company has been halted since 24th April 2016 and though the management of the Company is taking initiatives but commercial production is yet to resume as of 30 June 2020. Moreover, the Company continued to make significant amount of net losses during the year as well as previous year and retained earnings of the Company stood at (Tk. 24,732,568) as on 30 June 2020. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): These conditions, along with other matters as set forth in Annexure-1 indicate that a
(Continuation news of BEACHHATCH): These conditions, along with other matters as set forth in Annexure-1 indicate that a material uncertainty exists that may cast significant doubt about the Company\'s ability to continue as a going concern in the foreseeable future. The Company is currently at risk of being delisted and under the scrutiny of Dhaka Stock Exchange as its production has remained suspended for more than for a period of consecutive four years. (cont.3)
The first part of this announcement is missing from the archive. - The auditor of the Beach Hatchery Ltd. has given the \"Qualified Opinion\" paragraphs in the auditor\'s report for the y
The auditor of the Beach Hatchery Ltd. has given the \"Qualified Opinion\" paragraphs in the auditor\'s report for the year ended June 30, 2021. Qualified Opinion: a. We draw attention to \"Statement of Profit or Loss and other Comprehensive Income\" which indicates that the company incurred a net loss of Tk. 9,304,780.00 during the year ended June 30, 2021 and several years the company recurring net loss and also shown negative retained earnings, (cont.1) The auditor of the Beach Hatchery Ltd. has given the \"Qualified Opinion\" paragraphs in the auditor\'s report for the year ended June 30, 2020. Qualified Opinion: a) As referred to in the Note # 2.12 to the financial statements which disclosed that the factory building and hatchery equipment of the Company have been dismantled by the Government to construct marine drive road and some portion of the land constituting of hatchery plant was also acquired by government authority. (cont.1)
- (Continuation news of BEACHHATCH): The Company did not make an assessment of its ability to continue as a going concern
(Continuation news of BEACHHATCH): The Company did not make an assessment of its ability to continue as a going concern and material uncertainties related to the above conditions were also not adequately disclosed in the notes to the financial statements as required by IAS 1: Presentation of Financial Statements. However, the company is in process for going to production of white fish and hence the situation may take better shape. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): negative net profit after tax and negative earnings per share that indicate a materia
(Continuation news of BEACHHATCH): negative net profit after tax and negative earnings per share that indicate a material uncertainty exists that may cast significant doubt on the company\'s ability to continue as a going concern. Also inform that as per Price Sensitive Information (PSI) dated 27.06.2021 the company has already started the alternative production of white fish culture dated 28.06.2021. b. As per paragraph 58 of IAS-12 \"Income Taxes\" the company has not recognized deferred (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): tax expense/income in the statement of profit or loss and other comprehensive income.
(Continuation news of BEACHHATCH): tax expense/income in the statement of profit or loss and other comprehensive income. c. The company has not provided required disclosure regarding compensation package of key management personnel, who is the related parties of the company which is non-compliance of paragraph 17 of IAS-24 \"Related Party Disclosures\". d. As referred to in the Note # 2.12 to the financial statements which disclosed that the factory building and hatchery (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): equipment of the Company have been dismantled by the Government to construct marine d
(Continuation news of BEACHHATCH): equipment of the Company have been dismantled by the Government to construct marine drive road and some portion of the land constituting of hatchery plant was also acquired by government authority. Hence, the entire operation of the Company has been halted since 24th April 2016 and though the management of the Company is taking initiatives but commercial production is yet to resume as of 30 June 2021. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): Moreover, the Company continued to make significant amount of net losses during the y
(Continuation news of BEACHHATCH): Moreover, the Company continued to make significant amount of net losses during the year as well as previous year and retained earnings of the Company stood at (Tk. 34,037,348) as on 30 June 2021. These conditions, along with other matters as set forth in Annexure-1 indicate that a material uncertainty exists that may cast significant doubt about the Company\'s ability to continue as a going concern in the foreseeable future. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): The Company is currently at risk of being delisted and under the scrutiny of Dhaka St
(Continuation news of BEACHHATCH): The Company is currently at risk of being delisted and under the scrutiny of Dhaka Stock Exchange as its production has remained suspended for more than for a period of consecutive four years. The Company did not make an assessment of its ability to continue as a going concern and material uncertainties related to the above conditions were also not adequately disclosed in the notes to the financial statements as required by IAS 1: (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): Presentation of Financial Statements. e. Trade receivables amounting to Tk. 269,180,5
(Continuation news of BEACHHATCH): Presentation of Financial Statements. e. Trade receivables amounting to Tk. 269,180,569 was carried in the statement of financial position at the reporting date. These balances were outstanding for more than five years and due to non-operation of the Company for several years there is a probability that recoverability of these long outstanding balances involves a high degree of uncertainty against which no provision for doubtful debt have been (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): recognized by the Company which would overstate total assets and understate net losse
(Continuation news of BEACHHATCH): recognized by the Company which would overstate total assets and understate net losses in the financial statements. f. Property, plant and equipment (PPE) with carrying value of Tk. 213,485,143 was recognized at the reporting date. The Company did not provide us with details information showing individual items of these PPE like purchase date, cost of acquisition, purchase amount, asset identification number and location. (cont.8)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): As a result of this, we were not able to determine the accuracy, existence and valuat
(Continuation news of BEACHHATCH): As a result of this, we were not able to determine the accuracy, existence and valuation of the said carrying amount. g. Income tax authority has issued letter dated 04.02.2015 claiming Tk.19,335,561 as outstanding tax up to the assessment year 2012-2013 but the Company has not made sufficient provision to meet up the said claim on the ground that they are under the process of appeal against the said assessment order. (cont.9)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): h. Advance, deposits and prepayments of Tk. 2,799,791 was carried in the statement of
(Continuation news of BEACHHATCH): h. Advance, deposits and prepayments of Tk. 2,799,791 was carried in the statement of financial position as on 30 June 2021. Despite, management of the Company considered that full portion of these balances are good subject realization or adjustment, we noted that some of these balances were beyond more than one year against which no such adjustment was made in the financial statements. Note-Annexure 01: Written Down Value of Land & Land (cont.10)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): Development, Factory Building & Civil Const. and Hatchery Equipment & Machinery was B
(Continuation news of BEACHHATCH): Development, Factory Building & Civil Const. and Hatchery Equipment & Machinery was BDT 205,229,927; BDT 3,611,768 and BDT 1,563,475 respectively as on 30.06.21. Factory Building and Hatchery Equipment have been destroyed by Bangladesh Army to Construct Marine Drive road and some portion of the land also Hatchery Plant acquired by them. Now it has become impossible to run a Hatchery. (end)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): b) Trade receivables amounting to Tk. 273,280,569 was carried in the statement of fin
(Continuation news of BEACHHATCH): b) Trade receivables amounting to Tk. 273,280,569 was carried in the statement of financial position at the reporting date. These balances were outstanding for more than five years and due to non-operation of the Company for several years there is a probability that recoverability of these long outstanding balances involves a high degree of uncertainty against which no provision for doubtful debt have been recognized by the Company which would (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): overstate total assets and understate net losses in the financial statements. c) Prop
(Continuation news of BEACHHATCH): overstate total assets and understate net losses in the financial statements. c) Property, plant and equipment (PPE) with carrying value of Tk. 215,360,903 was recognized at the reporting date. The Company did not provide us with details information showing individual items of these PPE like purchase date, cost of acquisition, purchase amount, asset identification number and location. As a result of this, we were not able to determine (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): the accuracy, existence and valuation of the said carrying amount. d) Income tax auth
(Continuation news of BEACHHATCH): the accuracy, existence and valuation of the said carrying amount. d) Income tax authority has issued letter dated 04.02.2015 claiming Tk.19,335,561 as outstanding tax up to the assessment year 2012-2013 but the Company has not made sufficient provision to meet up the said claim on the ground that they are under the process of appeal against the said assessment order. e) Advance, deposits and prepayments of Tk. 2,799,791 was carried in the statement (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): of financial position as on 30 June 2020. Despite, management of the Company consider
(Continuation news of BEACHHATCH): of financial position as on 30 June 2020. Despite, management of the Company considered that full portion of these balances are good subject realization or adjustment, we noted that some of these balances were beyond more than one year against which no such adjustment was made in the financial statements. Note-Annexure 01: Written Down Value of Land & Land Development, Factory Building & Civil Const. and Hatchery Equipment & (cont.8)
The first part of this announcement is missing from the archive. - (Continuation news of BEACHHATCH): Machinery was BDT 205,229,927; BDT 4,514,710 and BDT 1,954,343 respectively as on 30.
(Continuation news of BEACHHATCH): Machinery was BDT 205,229,927; BDT 4,514,710 and BDT 1,954,343 respectively as on 30.06.20. Factory Building and Hatchery Equipment have been destroyed by Bangladesh Army to Construct Marine Drive road and some portion of the land also Hatchery Plant acquired by them. Now it has become impossible to run a Hatchery. (end)
The first part of this announcement is missing from the archive. - Qualified Opinion
(Continuation news of BEACHHATCH): BDT 5,643,387 and BDT 2,442,929 respectively as on 30.06.19. Factory Building and Hatchery Equipment have been destroyed by Bangladesh Army to Construct Marine Drive road and some portion of the land also Hatchery Plant acquired by them. Now it has become impossible to run a Hatchery. Present Market Value of the Land is estimated to be Tk. 550,000,000. (end)
The first part of this announcement is missing from the archive. - Change of AGM Date (Additional Information)
The company has further informed that the 25th & 26th AGM of the company will also be held on September 28, 2022. Time: 12:15 PM and 2:00 PM respectively through links https://beachhatch25thagm.digitalagmbd.net and https://beachhatch26thagm.digitalagmbd.net respectively.
- Change of AGM Date
Refer to their earlier news disseminated by DSE on 01.12.2019, 26.02.2020 and 18.03.2020 regarding holding of AGM, the company has further informed that as per the order of the Hon?ble High Court Division of the Supreme Court of Bangladesh, the 24th AGM of the company will now be held on September 28, 2022 instead of earlier declared date March 29, 2020. Time: 11:00 AM, Venue: Digital Platform through link https://beachhatch24thagm.digitalagmbd.net. Other information will remain unchanged.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.08 for January-March 2022 as against Tk. (0.07) for January-March 2021; EPS was Tk. 0.10 for July 2021-March 2022 as against Tk. (0.25) for July 2020-March 2021. NOCFPS was Tk. 0.00053 for July 2021-March 2022 as against Tk. 0.00067 for July 2020-March 2021. NAV per share was Tk. 9.69 as on March 31, 2022 and Tk. 9.57 as on June 30, 2021.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 28, 2022 at 2:10 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.02 for July-December 2021 as against Tk. (0.10) for July-December 2020. NOCFPS was Tk. 0.0023 for July-December 2021 as against Tk. (0.00002) for July-December 2020. NAV per share was Tk. 9.59 as on December 31, 2021 and Tk. 9.57 as on June 30, 2021.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on January 27, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.