Confidence Cement PLC announcements
335 Dhaka Stock Exchange announcements for Confidence Cement PLC (CONFIDCEM) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (22).
- Confirmation of Shares transmission of a late Sponsor
The Company has informed that 1,406 bonus shares of late Sponsor Mr. Quadi Md. Shahidul Islam has been transmitted in the account of his legal successor Mrs. Momtaz Begum, wife of late Mr. Quadi Md. Shahidul Islam.
- Resumption after record date
Trading of the shares of the Company will resume on 25.11.2018 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2018.
- 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 19.11.2018 to 20.11.2018. Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2018.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 1.81 for July-September, 2018 as against Tk. 1.49 for July-September, 2017; NOCFPS was Tk. 1.46 for July-September, 2018 as against Tk. (7.45) for July-September, 2017. NAV per share was Tk. 77.87 as on September 30, 2018 and Tk. 76.00 as on June 30, 2018.
- 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 14, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Dividend Declaration
The Board of Directors has recommended 15% cash and 20% stock dividend for the year ended on June 30, 2018. Date of AGM: 23.12.2018, Time: 11:00 AM, Venue: Factory premises, Madambibirhat, Bhatiary, Sitakunda, Chattogram. Record Date: 22.11.2018. The Company has reported EPS of Tk. 6.93, NAV per share of Tk. 76.00 and NOCFPS of Tk. (9.41) the year ended on June 30, 2018 as against Tk. 9.23 (restated), Tk. 84.10 and Tk. 9.35 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.10.2018) following its corporate declaration.
- Decision to demolish the Unit-1 and install the Slag Dryer plant
The Company has informed that the Board of Directors of the Company has decided to demolish the Unit-1 at the factory premises for the reason that unit-1 (production capacity 600 Metric Ton per day) is not able to deliver the cost effective production for the company (cont.) (Continuation news of CONFIDCEM): as well as maintenance cost and consumption of electricity thereto is so high that it is not financially viable for the company. The Board has also decided to install the Slag Dryer plant in that place which will be cost effective for production and ensure the uninterrupted production of the existing Unit-2 and Unit-3 Plants. (end)
- 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 October 29, 2018 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Confidence Cement Dhaka Ltd. (associatecompany) signed EP Contract
The Company has informed that the Board of Directors has agreed and approved the EP Contract between Confidence Cement Dhaka Limited, an associate of Confidence Cement Limited and the China National Heavy Machinery Corporation (CHMC) for supply and delivery of necessary machines/equipments with accessories for Cement Mill (VRM) (Cont.) (Continuation news of CONFIDCEM): to produce 280 TPH PCC from unloading of raw materials to dispatch of bagged/bulk Cement including supervision and commissioning along with related auxiliaries and technical assistance during installation and commissioning of the Plant. (end)
- Query Response
In response to a DSE query dated September 09, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.
- Query Response
In response to a DSE query dated July 11, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 2.10 for January-March 2018 as against Tk. 3.65 for January-March 2017; EPS was Tk. 5.09 for July 2017-March 2018 as against Tk. 7.71 for July 2016-March 2017. NOCFPS was Tk. (1.31) for July 2017-March 2018 as against Tk. 4.18 for July 2016-March 2017. NAV per share was Tk. 74.01 as on March 31, 2018 and Tk. 84.10 as on June 30, 2017. (cont.) (Continuation news of CONFIDCEM): The Company has further informed that for deviation in comparison to the same period of previous year, continuous increase of raw material price without rational increase in the finished goods price is attributable for the financial performance and increase in payment against imports, interest and advance income tax paid, is attributable for the cash flow position. (end)
- 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 30, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Court Order approving the Scheme of Arrangement for Demerger
The Company has informed that the Hon'ble High Court Division of the Supreme Court of Bangladesh has passed an Order in the Company Matter No. 192 of 2017, approving the Scheme of Arrangement for Demerger of the Battery Business of Confidence Electric Limited to Confidence Batteries Limited, in accordance with Section 228 and 229 to be read with Sections 59 & 60 of The Companies Act, 1994. (cont.) (Continuation news of CONFIDCEM): Furthermore, it has been ordered that the demerger of demerged and resulting companies shall be deemed to be effective from the date of the certified of this judgement and Order i.e. on March 28, 2018 and as decided by the board of directors of all the two companies, is delivered to RJSC&F for registration upon receipt of this judgement. (end)
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has rated the Company as "A+" in the long term and "ST-3" in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2017, unaudited financials up to December 31, 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 1.75 for October-December, 2017 as against Tk. 2.76 for October-December, 2016; EPS was Tk. 2.99 for July-December, 2017 as against Tk. 4.06 for July-December, 2016. NOCFPS was Tk. (7.39) for July-December, 2017 as against Tk. (1.68) for July-December, 2016. NAV per share was Tk. 71.94 as on December 31, 2017 and Tk. 84.09 as on June 30, 2017.
- Board decision for investing in Power Plant Projects & Cement Plant
The Company has informed that the Board of Directors have agreed to invest in the new Power Plant Projects located at Bogra (226 MW), Rangpur (113 MW) and Chittagong (54.363 MW) under Confidence Power Holdings Limited. Confidence Cement Limited has 41% shareholding in Confidence Power Holdings Limited. The Power Purchase Agreement (PPA) between Confidence Power Holdings Limited with Bangladesh Power Development Board and Implementation Agreement (IA) (cont. 1) (Continuation news of CONFIDCEM): The Board of Directors has also decided to invest in another Cement Plant with a capacity of 5,000 MT per day named as Confidence Cement Dhaka Limited located at Palash, Narshingdi, Dhaka. Confidence Cement Limited will have 50% shareholding in Confidence Cement Dhaka Limited. (end) (Continuation news of CONFIDCEM): between Confidence Power Holdings Limited with Power Division, Ministry of Power, Energy & Mineral Resources have been completed for 2 power plant projects located at Bogra (113 MW) and Rangpur (113 MW) respectively. Besides these, for 2 other aforementioned projects, letter of Intent (LOI) has been received by Confidence Power Holdings Limited from Bangladesh Power Development. (cont. 2)
- Appointments of Chairman, Vice-Chairmen and MD of the Company
The Company has informed that the Board of Directors has appointed Engr. Rezaul Karim as the Chairman for a period of 5 years, Mr. Rupam Kishore Barua and Mr. Imran Karim as Vice Chairman (s) for a period of 5 years and Mr. Zahir Uddin Ahmed as the MD for a period of 3 years of the Company; with effect from February 01, 2018.
- 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 30, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on June 30, 2017 to the respective shareholders' BO Accounts on January 01, 2018.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.