CVO Petrochemical Refinery PLC. announcements
328 Dhaka Stock Exchange announcements for CVO Petrochemical Refinery PLC. (CVOPRL) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2014 (22).
- category change
The Company will be placed in B category from existing A category with effect from December 23, 2014 as the Company approved 5% cash dividend to the ordinary shareholders (excepting the Sponsors/Directors) for the year ended on June 30, 2014<br>
- have signed a buy/sale agreement
The Company has informed that they have signed a buy/sale agreement with Sylhet Gas Fields Ltd. to procure the allotted condensate of 15,000 MT today on 19th November, 2014. <div id="__if72ru4sdfsdfruh7fewui_once" style="display:none;"></div> <div id="__hggasdgjhsagd_once" style="display:none;"></div>
- will resume
Normal trading of the shares of the Company will resume on 11.11.2014 after record date.
- will remain suspended
Trading of the shares of the Company will remain suspended on record date i.e., 10.11.2014
- trade suspension
Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 06.11.2014 to 09.11.2014. Trading of the shares of the Company will remain suspended on record date i.e., 10.11.2014.
- Q1 earnings
(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2014 (July'14 to Sep'14), the Company has reported net profit/(loss) after tax of Tk. 25.98 million with EPS of Tk. 1.31 as against Tk. (33.42) million and Tk. (1.69) respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (32.17) million as on 30.09.2014.
- being allotted 15,000 MT Condensate
The Company has informed that the Energy & Mineral Resources Division of the Ministry of Power, Energy & Mineral Resources of the Govt. of Bangladesh has allotted 15,000 MT Condensate per year in favour of CVO Petrochemical Refinery Ltd. vide their letter dated 30th October 2014.
- recommended 5% cash dividend
The Board of Directors has recommended 5% cash dividend to the ordinary shareholders excepting the Sponsors/Directors for the year ended on June 30, 2014. Date of AGM: 22.12.2014, Time: 11:00 AM, Venue: Corporate Office at 37, Katalgonj, Panchlaish, Chittagong. Record Date: 06.11.2014. The Company has also reported EPS of Tk. (3.33), NAV per share of Tk. 9.32 and NOCFPS of Tk. (5.18) for the year ended on June 30, 2014.
- no price limit
There will be no price limit on the trading of the shares of the Company today (29.10.2014) following its corporate declaration.
- record date
The Company has further informed that the Record date for AGM of the Company will now be November 10, 2014 instead of November 06, 2014. Directors and Sponsors shareholding position is 50% of the total share. The ordinary shareholders will get 5% cash dividend equivalent to Tk. 49,50,000.00.
- meeting of the Board of Directors
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on October 28, 2014 at 3.30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2014. <div id="__if72ru4sdfsdfruh7fewui_once" style="display:none;"></div> <div id="__hggasdgjhsagd_once" style="display:none;"></div>
- enjoying Tax Holiday for five years
The Company has informed that National Board of Revenue (NBR) vide its letter dated 15.10.2014 has approved the Company for enjoying Tax Holiday for five years from 2nd April 2014 to 1st April 2019. NBR has also issued a certificate dated 16.10.2014 in the Company's favour not to deduct any advance Income Tax on the saleable value against supply of refinery products manufactured in the Company's factory. <div id="__if72ru4sdfsdfruh7fewui_once" style="display:none;"></div> <div id="__hggasdgjhsagd_once" style="display:none;"></div>
- Company news
The Company has informed that in pursuance of the NOC dated October 03, 2011 accorded by the Energy & Mineral Resources Division under the Ministry of Power Energy & Mineral Resources of the Govt., the Company is to sign a buy/sell agreement with Bangladesh Petroleum Corporation (BPC) which is scheduled to be held on 15th September 2014.
- CSE query
In response to a CSE query dated September 04, 2014, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- The Board of Directors of DSE has approved the sector change of CVO Petrochemical Refinery Ltd. from "Food and Allied" t
The Board of Directors of DSE has approved the sector change of CVO Petrochemical Refinery Ltd. from "Food and Allied" to "Fuel and Power" sector with effect from May 12, 2014 as the Company has changed its business pattern from vegetable oil to petrochemical refinery plant and commenced its commercial operation thereof. The Company will be placed in "A" category from existing "Z" category with effect from May 12, 2014 as the Company has started its commercial operation.
- (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2014 (Jan'14 to March'14), the Compan
(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2014 (Jan'14 to March'14), the Company has reported net profit/(loss) after tax of Tk. (6.83) million with EPS of Tk. (0.35) as against Tk. 4.74 million and Tk. 0.24 respectively for the same period of the previous year. Whereas net profit/(loss) after tax was Tk. (47.00) million with EPS of Tk. (2.37) for the period of nine months (July'13 to March'14) ended on 31.03.2014 as against Tk. 16.93 million and Tk. 0.86 respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (32.94) million as on 31.03.2014.
- In connection to their price sensitive news disseminated by DSE on dated March 18, 2014 the Company has further informed
In connection to their price sensitive news disseminated by DSE on dated March 18, 2014 the Company has further informed that the Board of the Directors of the Company has decided to hold the opening ceremony of the test run of their Refinery Plant on April 02, 2014.
- plant approval from Ministry of Power Energy & Mineral Resources
The Company has informed that in pursuance of the NOC dated October 03, 2011 accorded by the Energy & Mineral Resources Division under the Ministry of Power Energy & Mineral Resources of the Govt., the Company completed the installation of 50,000 M/Ton per year capacity condensate fractionation plant (Daily 150M/Ton) by the month of November'2013 which was duly inspected & Certified by BUET, BPC & PETROBANGLA as per clause of the NOC. Thereafter, the Company applied for allotment of 50,000 M/Ton condensate per year as raw material for starting operation of Refinery Plant in response to which the Ministry allotted 3,000 M/Ton condensate for test run of its plant. To procure the allotted condensate, the Company has to make a buy/sell agreement with Sylhet Gas Fields Ltd. PETROBANGLA ordered Sylhet Gas Fields Ltd. to make an Agreement with the Company. Accordingly, the Company signed buy/sell agreement with Sylhet Gas Fields Ltd. on 16th March 2014. As per clause of the NOC, the Company is going to submit result of the test run to BPC & PETROBANGLA informing satisfactory completion of the test run and thereafter the Company will be awarded the final allotment of the required quantity of condensate for the commercial operation of its plant by the Ministry.
- The Company has informed that in pursuance of the NOC dated October 03, 2011 accorded by the Energy & Mineral Resources
The Company has informed that in pursuance of the NOC dated October 03, 2011 accorded by the Energy & Mineral Resources Division under the Ministry of Power Energy & Mineral Resources of the Govt., the Company completed the installation of 50,000 M/Ton per year capacity condensate fractionation plant (Daily 150M/Ton) by the month of November'2013 which was duly inspected & Certified by BUET, BPC & PETROBANGLA as per clause of the NOC. Thereafter, the Company applied for allotment of 50,000 M/Ton condensate per year as raw material for starting operation of Refinery Plant in response to which the Ministry allotted 3,000 M/Ton condensate for test run of its plant. (Cont.)
- (Continuation of news of CVOPRL): To procure the allotted condensate, the Company has to make a buy/sell agreement with
(Continuation of news of CVOPRL): To procure the allotted condensate, the Company has to make a buy/sell agreement with Sylhet Gas Fields Ltd. PETROBANGLA ordered Sylhet Gas Fields Ltd. to make an Agreement with the Company. Accordingly, the Company signed buy/sell agreement with Sylhet Gas Fields Ltd. on 16th March 2014. As per clause of the NOC, the Company is going to submit result of the test run to BPC & PETROBANGLA informing satisfactory completion of the test run and thereafter the Company will be awarded the final allotment of the required quantity of condensate for the commercial operation of its plant by the Ministry. (end)
The first part of this announcement is missing from the archive. - (H/Y): As per un-audited half yearly accounts as on 31.12.2013 (July'13 to Dec'13), the Company has reported net profit/
(H/Y): As per un-audited half yearly accounts as on 31.12.2013 (July'13 to Dec'13), the Company has reported net profit/(loss) after tax of Tk. (40.17) m. with EPS of Tk. (2.03) as against Tk. 12.79 m. and Tk. 0.65 respectively for the same period of the previous year. Whereas net profit/(loss) after tax was Tk. (5.51) m. with EPS of Tk. (0.28) for the period of 3 months (Oct'13 to Dec'13) ended on 31.12.2013 as against Tk. 8.52 m. and Tk. 0.43 respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (26.11) m. as on 31.12.2013. In the footnote, the Company has reported that there was no turnover during the period due to closure of the factory (Pilot Plant) since May 2012 for installation of new refinery plant.
- The Company has informed that it has credited the bonus shares for the year ended on June 30, 2013 to the respective sha
The Company has informed that it has credited the bonus shares for the year ended on June 30, 2013 to the respective shareholders' BO Accounts on January 12, 2014.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.