The Dacca Dyeing & Manufacturing Company Limited announcements
280 Dhaka Stock Exchange announcements for The Dacca Dyeing & Manufacturing Company Limited (DACCADYE) since 2009: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (17).
- Resumption after record date
Trading of the shares of the Company will resume on 10.12.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 07.12.2017.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.79) for July-September, 2017 as against Tk. (0.80) for July-September, 2016; NOCFPS was Tk. 0.002 for July-September, 2017 as against Tk. 0.01 for July-September, 2016. NAV per share with revaluation reserve was Tk. 14.54 as on September 30, 2017 and Tk. 15.32 as on June 30, 2017. NAV per share without revaluation reserve was Tk. 2.45 as on September 30, 2017 and Tk. 3.18 as on June 30, 2017.
- 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 from 26.11.2017 to 06.12.2017. Trading of the shares of the Company will remain suspended on record date i.e., 07.12.2017.
- 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 26, 2017 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, 2017.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended on June 30, 2017. Date of AGM: 29.12.2017, Time: 11:00 AM, Venue: Factory Premises at Pagar, Tongi, Gazipur. Record Date: 05.12.2017. The Company has also reported EPS of Tk. (3.96), NAV per share of Tk. 15.32 and NOCFPS of Tk. (0.00077) for the year ended on June 30, 2017 as against Tk. (3.36) (restated), Tk. 19.24 (restated) and Tk. 0.43 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 (19.11.2017) following its corporate declaration.
- Change of Record Date
The Company has further informed that Record Date of the AGM of the company will be December 07, 2017 instead of December 05, 2017 to comply with Regulation 23 of The Dhaka Stock Exchange Listing Regulations, 2015. Other information will remain same.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that meeting of the Board of Directors of the Company as per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on November 18, 2017 at 2:00 PM instead of November 08, 2017 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2017.
- Postponement of Board Meeting under LR 19(1)
The Company has further informed that the relevant agenda under LR 19(1) regarding consideration of Audited Financial Statements was not considered at the meeting that was held on November 08, 2017 at 5:00 PM due to absence of some clarifications in the financial statements. The date of the next Board Meeting will be notified in due course.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that due to unavoidable circumstances, meeting of the Board of Directors of the Company as per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on November 08, 2017 at 5:00 PM instead of October 29, 2017 to consider, among others, audited financial statements of the Company for the year ended on June 30, 2017.
- 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, 2017 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2017.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.50) for January-March, 2017 as against Tk. (1.36) for January-March, 2016; EPS was Tk. (1.48) for July, 2016-March, 2017 as against Tk. (2.06) for July, 2015-March, 2016. NOCFPS was Tk. 0.0008 for July, 2016-March, 2017 as against Tk. 0.92 for July,2015-March,2016. NAV per share (with Revaluation surplus) was Tk. 18.00 as of 31.03.2017 and Tk. 19.46 as of 30.06. 2016 and NAV per share (without Revaluation surplus) was Tk. 5.82 as of 31.03.2017 and Tk. 7.14 as of 30.06.2016.
- 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 27, 2017 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2017.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.72) for October-December, 2016 as against Tk. (0.97) for October-December, 2015; EPS was Tk. (1.52) for July-December, 2016 as against Tk. (0.70) for July-December, 2015. NOCFPS was Tk. 0.01 for July-December, 2016 as against Tk. 0.92 for July-December, 2015. NAV per share (with Revaluation reserves) was Tk. 17.95 as of December 31, 2016 and Tk. 19.46 as of June 30, 2016 and NAV per share (without Revaluation reserves) was Tk. 5.73 as of December 31, 2016 and Tk. 7.14 as of June 30, 2016.
- Board Meeting
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, 2017 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2016.
- Qualified Opinion
The auditor of the company has given the following "Qualified Opinion" in the audit report of the company for the year ended on 30 June 2016: Basis for Qualified Opinion: 1. The company's net working capital is negative. The company did not pay loan and interest on loan during the period. The main source of power i.e. gas line has been disconnected by Gas Transmission Company Limited. So currently dyeing department is not in operation; but weaving & stitching department is in operation. The sales are made mostly from finished stock. But the company prepared financial statements considering the entity as going concern. 2. The cumulative balance of Workers Profit Participation & Welfare Fund of Tk. 3,14,53,063.00 remained undistributed since long and the company did not follow the provision of chapter XV of Bangladesh Labour Act 2006 as amended in 2013, for the distribution and certain of Trust/Welfare fund. 3. A Fixed Asset register is maintained for property, plant & equipments but the same does not contain required information in such register. 4. Revaluation of Fixed Asset was done five years ago but as per BAS-16, the frequency of revaluation depends upon the changes in fair values of the items of property, plant and equipment being revalued. When the fair value of a revalued asset differs materially from its carrying amount, a further revaluation is required. Some items of property, plant and equipment experience significant and volatile change in fair value, thus necessitating annual revaluation. Such frequent revaluations are unnecessary for items of property, plant and equipment with only insignificant changes in fair value. Instead, it may be necessary to revalue the items only every three or five years.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.