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 2025 (23).
- Resumption after Record Date
Trading of the shares of the company will resume on 18.12.2025.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 17.12.2025 for entitlement of Stock Dividend.
- Spot for entitlement of 9% Stock Dividend
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 with cum benefit from 14.12.2025 to 15.12.2025 and trading of the shares will remain suspended on record date i.e., 17.12.2025 for entitlement of 9% Stock Dividend.
- BSEC consent for Stock Dividend and Record Date
Referring to their earlier news disseminated by DSE on 29.10.2025, the company has informed that BSEC has accorded consent vide its letter dated 08 December 2025, for issuance of 9.00% Bonus Share (Stock Dividend) as recommended by the Board of Directors of the company on 27th September 2025. In this regard, a new Record Date has fixed on 17th December 2025 for the purpose of determining entitlement to the 9.00% Bonus Share (Stock Dividend).
- Regarding AGM Venue
Refer to their earlier news disseminated by DSE on 28.09.2025 regarding dividend declaration, the company has further informed that the AGM will be held through Hybrid System. Physical Venue: The King of Chittagong, Time: 11:00 AM, Date: December 10, 2025 and live webcast using the digital platform through the link: https://agmbd.live/CVOPRL2025
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 1.88 for July-September 2025 as against Tk. 0.92 for July-September 2024; NOCFPS was Tk. 5.51 for July-September 2025 as against Tk. 0.48 for July-September 2024. NAV per share was Tk. 32.22 as on September 30, 2025 and Tk. 30.29 as on June 30, 2025. The Company's turnover increased during the period, primarily due to higher sales volume. Net Profit and Earnings per Share (EPS) increased as a result of higher sales volume and a reduction in raw material costs. (cont.) (Cont. news of CVOPRL): The Net Asset Value (NAV) per share showed improvement over the previous year, reflecting the revaluation of the Company's land as on 30 June 2025. Furthermore, the Net Operating Cash Flow per Share (NOCFPS) increased compared to the corresponding period of the previous year, mainly due to improved cash collections from customers exceeding payments to suppliers and operating expenses. (end)
- Resumption after Record Date
Trading of the shares of the company will resume on 02.11.2025.
- 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 04, 2025 at 3:00 PM to consider, among others, Un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2025.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 30.10.2025.
- Regarding Record Date for Stock Dividend Declaration
Refer to their earlier news disseminated by DSE on 28.09.2025 regarding dividend declaration, the company has further informed that as the declaration of the stock dividend is subject to the prior approval of the BSEC, 30 October 2025 will serve solely as the record date for the cash dividend. The record date for the stock dividend will be announced separately upon receipt of the requisite approval from the BSEC.
- 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 with cum benefit from 28.10.2025 to 29.10.2025 and trading of the shares will remain suspended on record date i.e., 30.10.2025.
- Qualified Opinion
The auditor of the company has given the "Qualified Opinion" in the Auditor's Report of the company for the year ended June 30, 2025. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2025/CVOPRL_2025.pdf
- Dividend Declaration
The Board of Directors has recommended 11% Cash and 9% Stock Dividend for the year ended June 30, 2025. Stock Dividend shall be issued out of the retained earnings of the company subject to approval of the Bangladesh Securities and Exchange Commission (BSEC). Date of AGM: 10.12.2025; Time: 11:00 AM; Venue: Venue details will be conveyed through the AGM notice. Record Date: 30.10.2025. (cont.1) (Cont. News of CVOPRL): 4. The declaration has not been made from the capital reserve or revaluation reserve, or any unrealized gain, or out of profit earned prior to incorporation of the company, or through reducing paid-up capital or through doing anything so that the post-dividend retained earnings become negative or a debit balance. (end) (Cont. News of CVOPRL): Reasons and Disclosures for recommendation of Stock Dividend: 1. Regulatory requirements to raise capital to maintain a minimum paid-up capital of BDT 30 Crore. 2. Stock dividend has been recommended in view to utilize its retained amount as paid up capital for improving the capital adequacy of the Company. 3. Such declaration of stock dividend or bonus shares is out of the accumulated profit or retained earnings; and (cont.3) (Cont. News of CVOPRL): The Company has also reported EPS of Tk. 3.82, NAV per share of Tk. 13.12 (without revaluation), NAV per share of Tk. 30.29 (with revaluation), and NOCFPS of Tk. 7.65 for the year ended June 30, 2025 as against Tk. 2.34, Tk. 10.31 (without and with revaluation) and Tk. 2.77 respectively for the year ended June 30, 2024. (cont.2)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.09.2025) following its corporate declaration.
- 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 September 27, 2025 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2025.
- Revaluation of Land and Land Development
The Board of Directors of the company has approved the revaluation report of "Land and Land Development" of the company which shall be effective as on 30th June, 2025. The revaluation was carried out by M/s. Ashraf Uddin & Co. Chartered Accountants. The summary of the revaluation and its impact on the company's financial position is as follows- (cont.) (cont. news of CVOPRL): (Description - Land and Land Development): Land Area (Decimal) - 95.90; Fair Value at present rate as on 30 June 2025 (BDT) - 575,400,000.00; Value as per Financial Statements as on 30 June 2025 (BDT) - 14,647,500.00, and Valuation Surplus as on 30 June 2025 (BDT) - 560,752,500.00. (end)
- Approval of the revaluation of land and land development
The company has informed that the Board of Directors of the company has decided in its 127th Board Meeting held on 29 April 2025 according to the request of the shareholders at its 39th Annual General Meeting held on 11 December 2024 and pursuing the legal provisions of the Companies Act, 1994, and other applicable laws, rules, and regulations for revaluation of the Company's Land and Land (cont.) (Cont. news of CVOPRL): Development to reflect its fair market value, in compliance with Generally Accepted Accounting Principles (GAAP), International Accounting Standards (IAS), and the prevailing securities laws and regulations, as applicable. The revaluation results will be incorporated in the financial statements for the year ending 30 June 2025 in compliance with the necessary rules and regulations. (end)
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.68 for January-March 2025 as against Tk. 0.46 for January-March 2024; EPS was Tk. 2.56 for July 2024-March 2025 as against Tk. 2.21 for July 2023-March 2024. NOCFPS was Tk. 7.69 for July 2024-March 2025 as against Tk. 2.18 for July 2023-March 2024. NAV per share was Tk. 11.87 as on March 31, 2025 and Tk. 10.31 as on June 30, 2024.
- 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 29, 2025 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2025.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.96 for October-December 2024 as against Tk. 0.66 for October-December 2023; EPS was Tk. 1.88 for July-December 2024 as against Tk. 1.76 for July-December 2023. NOCFPS was Tk. 2.00 for July-December 2024 as against Tk. 0.78 for July-December 2023. NAV per share was Tk. 11.19 as on December 31, 2024 and Tk. 10.31 as on June 30, 2024. (Cont.) (Continuation news of CVOPRL): Reasons for deviation in EPS and NOCFPS: EPS has been increased due to increase of turnover during the period. NOCFPS has been increased due to increase of collection from customers than payment to suppliers, employees and operating expenses. (end)
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2024 to the respective shareholders.
- Category Change
The Company will be placed in 'A' category from existing 'B' category with effect from January 21, 2025 as the Company has reported disbursement of 10% Cash Dividend for the year ended June 30, 2024.
- 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 20, 2025 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2024.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.