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 2022 (26).
- Credit Rating Agency of Bangladesh Limited (CRAB) has assigned Surveillance entity rating of the Company as \"BBB2\" and
Credit Rating Agency of Bangladesh Limited (CRAB) has assigned Surveillance entity rating of the Company as \"BBB2\" and short term loan rating as \"ST-4\" along with a Stable outlook based on audited financial statement as of June 30, 2022; bank liability position as of November 22, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after record date
Trading of the shares of the Company will resume on 27.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 24.11.2022.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle from 22.11.2022 to 23.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 24.11.2022.
- (Q1 Un-audited): EPS was Tk. (0.86) for July-September 2022 as against Tk. (0.52) for July-September 2021; NOCFPS was Tk
(Q1 Un-audited): EPS was Tk. (0.86) for July-September 2022 as against Tk. (0.52) for July-September 2021; NOCFPS was Tk. (1.69) for July-September 2022 as against Tk. (0.28) for July-September 2021. NAV per share was Tk. 6.90 as on September 30, 2022 and Tk. 7.74 as on June 30, 2022. (cont.)
- Q1 Financials
(Continuation news of CVOPRL): The company has reported that EPS was decreased due to increased direct cost, operating expenses and finance cost for starting production of new product line naphtha. NOCFPS was decreased due to increased payment to suppliers, employees and operating expenses than collection from customers. (end)
The first part of this announcement is missing from the archive. - The auditor of the CVO Petrochemical Refinery Limited has given the \"Emphasis of Matter\" paragraphs in the Auditor\'s
The auditor of the CVO Petrochemical Refinery Limited has given the \"Emphasis of Matter\" paragraphs in the Auditor\'s Report for the year ended June 30, 2022. Emphasis of Matter: We draw attention to note no. 3.13(a) of the Financial Statements which described the fact of temporary non-deduction of employees\' contribution and non-payment of employer\'s contribution to the Provident Fund and restarted the same from June 2022. Our opinion is not qualified in respect of this matter.
- 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, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- The Board of Directors has recommended No Dividend for the year ended June 30, 2022 as the company could not make any pr
The Board of Directors has recommended No Dividend for the year ended June 30, 2022 as the company could not make any profit due to the delay in obtaining permission from BPC to sell finished product. Date of AGM: 26.12.2022. Time: 11:00 AM. Venue: Digital Platform. Record Date: 24.11.2022. (cont.)
- Dividend Declaration
(Continuation news of CVOPRL): The Company has also reported EPS of Tk. (2.63), NAV per share of Tk. 7.74 and NOCFPS of Tk. (3.31) for the year ended June 30, 2022 as against Tk. (2.27)(Restated), Tk. 10.50(Restated) and Tk. 0.83(Restated) for the same period of the previous year. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.10.2022) 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.
- 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, 2022 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Agreement signed with BPC for selling petroleum product
CVO Petrochemical Refinery Limited (CVOPRL) has signed an agreement with Bangladesh Petroleum Corporation (BPC) for selling petroleum product, i.e., Hydrocarbon Solvent (SBPS) on 27th June 2022 at 4:00 PM for the next 03 (Three) years.
- (Q3 Un-audited): EPS was Tk. (0.59) for January-March 2022 as against Tk. (0.62) for January-March 2021; EPS was Tk. (1.
(Q3 Un-audited): EPS was Tk. (0.59) for January-March 2022 as against Tk. (0.62) for January-March 2021; EPS was Tk. (1.75) for July 2021-March 2022 as against Tk. (1.79) for July 2020-March 2021. NOCFPS was Tk. (3.30) for July 2021-March 2022 as against Tk. 2.11 for July 2020-March 2021. NAV per share was Tk. 8.63 as on March 31, 2022 and Tk. 10.50 as on June 30, 2021. (cont.)
- Q3 Financials
(Continuation news of CVOPRL): NOCFPS decreased due to increased advance against factory works, payment to suppliers, employees and operating expenses than collection from customers and others. (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 April 28, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Refer to earlier news disseminated by DSE on 23.09.2021 and 16.01.2022 regarding Agreement signed for purchasing an Oil
Refer to earlier news disseminated by DSE on 23.09.2021 and 16.01.2022 regarding Agreement signed for purchasing an Oil Tanker. The Company has further informed that they have started the production operation of high-quality solvent from Naphtha as per BSTI Standard from 29th January 2022. (Cont.)
- Starting the Production Operation of high-quality Solvent from Naphtha
(Continuation news of CVOPRL): The Company also informed that they have received 1st parcel of Naphtha (raw materials) from Eastern Refinery Limited by Company-owned Oil Tanker which is built in Japan. With this Oil Tanker, the company can ensure the maximum safety & security of Naphtha, and this will be the best cost-effective way. (end)
The first part of this announcement is missing from the archive. - (Continuation news of CVOPRL): The Company has also informed that the turnover of the Company has been nil and negative
(Continuation news of CVOPRL): The Company has also informed that the turnover of the Company has been nil and negative earnings per share (EPS) during the period due to the suspension of supply of raw materials (Natural Gas Condensate) by the Energy and Mineral Resources Division of the Ministry of Power, Energy and Mineral Resources of Govt. of Bangladesh, (Cont. 2)
The first part of this announcement is missing from the archive. - (Continuation news of CVOPRL): the only supplier of raw materials from 1st July, 2020 and as a result the production of
(Continuation news of CVOPRL): the only supplier of raw materials from 1st July, 2020 and as a result the production of the Company has been remained closed. For the same reason, Earning per share (EPS) corresponding period of the previous year was negative. (Cont. 3)
The first part of this announcement is missing from the archive. - (Continuation news of CVOPRL): Net Operating Cash Flow per Share (NOCFPS) has been decreased during the period due to in
(Continuation news of CVOPRL): Net Operating Cash Flow per Share (NOCFPS) has been decreased during the period due to increased payment to suppliers, employees and operating expenses than collection from customers and others compared to corresponding period of the previous year. (end)
The first part of this announcement is missing from the archive. - Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.64) for October-December 2021 as against Tk. (0.55) for October-December 2020; EPS was Tk. (1.16) for July-December 2021 as against Tk. (1.17) for July-December 2020. NOCFPS was Tk. (1.63) for July-December 2021 as against Tk. 3.53 for July-December 2020. NAV per share was Tk. 9.23 as on December 31, 2021 and Tk. 10.50 as on June 30, 2021. (Cont. 1)
- Category Change
The Company will be placed in 'A' category from existing 'B' category with effect from January 27, 2022 as the Company has reported disbursement of 10% stock dividend for the year ended 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 30, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
- Agreement signed for purchasing an Oil Tanker
(Continuation news of CVOPRL): In addition, the Company can use the Oil Tanker for carrying Condensate from Mother Vessel to its storage tank and it will also save the carrying cost of Condensate. (end)
The first part of this announcement is missing from the archive. - Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2021 to the respective shareholders' BO Accounts.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.