DSE:DESCO

Dhaka Electric Supply Company Limited announcements

295 Dhaka Stock Exchange announcements for Dhaka Electric Supply Company Limited (DESCO) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2013 (21).

  1. Auditors Opinion

    (Qualified Opinion) "Saha Mazumder & Co.", Auditor of the company, has given the following Qualified Opinion in the audit report of the company for the year ended on 30 June 2013: 1. 'Reference to Note No 4 & 05.4' "The amount of Tk. 17,222,383 shown as receivable from M/S Union Trade International, on account of Store-in-Transit lost during carrying by this carrying contractor. Legal action has been initiated against this firm for recovery of this amount.2. 'Reference to Note No 2' "Due to improper maintenance of Fixed Assets Register total value of Property, Plant & Equipment which represents 32% of total assets of the company remain unverified." 3. 'Reference to Note No 1.4.2.3' "DESCO acquired assets from DSEA, for an amount of Tk. 2,793,960,000 but the value of these assets were estimated by DESCO, not by any independent valuation firm.

  2. (Qualified Opinion) "Saha Mazumder & Co.", Auditor of the company, has given the following Qualified Opinion in the audi

    (Qualified Opinion) "Saha Mazumder & Co.", Auditor of the company, has given the following Qualified Opinion in the audit report of the company for the year ended on 30 June 2013: 1. 'Reference to Note No 4 & 05.4' "The amount of Tk. 17,222,383 shown as receivable from M/S Union Trade International, on account of Store-in-Transit lost during carrying by this carrying contractor. Legal action has been initiated against this firm for recovery of this amount." (Cont)

  3. (Continuation of news of DESCO): 2. 'Reference to Note No 2' "Due to improper maintenance of Fixed Assets Register total

    (Continuation of news of DESCO): 2. 'Reference to Note No 2' "Due to improper maintenance of Fixed Assets Register total value of Property, Plant & Equipment which represents 32% of total assets of the company remain unverified." 3. 'Reference to Note No 1.4.2.3' "DESCO acquired assets from DSEA, for an amount of Tk. 2,793,960,000 but the value of these assets were estimated by DESCO, not by any independent valuation firm."(End)

    The first part of this announcement is missing from the archive.
  4. Q1 Earning

    As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2013 (July'13 to Sep'13), the Company has reported net profit after tax of Tk. 18.81 million with basic EPS of Tk. 0.06 as against Tk. 385.79 million and Tk. 1.29 respectively for the same period of the previous year. However, considering proposed bonus share @ 15% for the year 2013, restated basic EPS will be Tk. 0.05 as on 30.09.2013 and Tk. 1.12 as on 30.09.2012.

  5. (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2013 (July'13 to Sep'13), the Com

    (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2013 (July'13 to Sep'13), the Company has reported net profit after tax of Tk. 18.81 million with basic EPS of Tk. 0.06 as against Tk. 385.79 million and Tk. 1.29 respectively for the same period of the previous year. However, considering proposed bonus share @ 15% for the year 2013, restated basic EPS will be Tk. 0.05 as on 30.09.2013 and Tk. 1.12 as on 30.09.2012.

  6. Normal trading of the shares of the Company will resume on 06.11.2013 after record date.

    Normal trading of the shares of the Company will resume on 06.11.2013 after record date.

  7. Trading of the shares of the Company will remain suspended on record date i.e., 05.11.2013.

    Trading of the shares of the Company will remain suspended on record date i.e., 05.11.2013.

  8. Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be

    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 31.10.2013 to 04.11.2013. Trading of the shares of the Company will remain suspended on record date i.e., 05.11.2013.

  9. The Board of Directors has recommended cash dividend @ 10% (i.e. Tk. 1.00 per share of Tk. 10.00 each) and stock dividen

    The Board of Directors has recommended cash dividend @ 10% (i.e. Tk. 1.00 per share of Tk. 10.00 each) and stock dividend @ 15% for the year ended on June 30, 2013. Date of AGM: 04.01.2014, Time: 10:00 AM, Venue: Trust Milonayaton, 545, Old Airport Road, Tejgaon, Dhaka-1206. Record date: 05.11.2013. The Company has also reported net profit after tax of Tk. 804.65 million, EPS of Tk. 2.69, NAV per share of Tk. 35.96 and NOCFPS of Tk. 10.76 for the year ended on June 30, 2013.

  10. There will be no price limit on the trading of the shares of the Company today (27.10.2013) following its corporate decl

    There will be no price limit on the trading of the shares of the Company today (27.10.2013) following its corporate declaration.

  11. As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will

    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 26, 2013 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2013.

  12. The Company has informed that Engr. Md. Arjad Hossain joined as Managing Director of the Company on October 01, 2013.

    The Company has informed that Engr. Md. Arjad Hossain joined as Managing Director of the Company on October 01, 2013.

  13. Erstwhile Dhaka Electric Supply Authority (DESA), one of the Sponsors of the Company, has further reported that it has c

    Erstwhile Dhaka Electric Supply Authority (DESA), one of the Sponsors of the Company, has further reported that it has completed its transfer of 19,52,07,646 shares of the Company in favor of "Bangladesh Power Development Board (BPDB)" by way of transfer outside the trading system of the Stock Exchange as announced earlier.

  14. Erstwhile Dhaka Electric Supply Authority (DESA), one of the Sponsors of the Company, has expressed its intention to tra

    Erstwhile Dhaka Electric Supply Authority (DESA), one of the Sponsors of the Company, has expressed its intention to transfer 19,52,07,646 shares of the Company in favor of "Bangladesh Power Development Board (BPDB)" by way of transfer outside the trading system of the Stock Exchange subject to conversion into dematerialized form. It is to be mentioned here that Bangladesh Securities & Exchange Commission (BSEC) has approved exemption to Bangladesh Power Development Board (BPDB) from compliance of the Securities & Exchange Commission (Substantial Share Acquisition) Rules, 2002 and accorded its consent for waiver from the section 4(2) of Securities & Exchange Commission (Prohibition of Insider Trading) Rules, 1995 in connection with this transfer.

  15. Q3 Earnings

    As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2013 (Jan'13 to March'13), the Company has reported net profit after tax of Tk. 89.75 million with EPS of Tk. 0.30 as against Tk. 118.16 million and Tk. 0.39 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 809.57 million with EPS of Tk. 2.70 for the period of nine months (July'12 to March'13) ended on 31.03.2013 as against Tk. 523.85 million and Tk. 1.75 respectively for the same period of the previous year.

  16. (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2013 (Jan'13 to March'13), the Compan

    (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2013 (Jan'13 to March'13), the Company has reported net profit after tax of Tk. 89.75 million with EPS of Tk. 0.30 as against Tk. 118.16 million and Tk. 0.39 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 809.57 million with EPS of Tk. 2.70 for the period of nine months (July'12 to March'13) ended on 31.03.2013 as against Tk. 523.85 million and Tk. 1.75 respectively for the same period of the previous year.

  17. The Board of Directors of the Company has resolved to purchase 70% of the total production of 20 MW i.e. 14 MW power fro

    The Board of Directors of the Company has resolved to purchase 70% of the total production of 20 MW i.e. 14 MW power from the waste based power plant to be installed on Built, Own & Operate (BOO) basis at Amin Bazar, Dhaka by the sponsor company namely Management Environment Finance SRL, Italy, initiated by Local Government Division under the Ministry of LGRD and Co-operatives, GOB @ US Cents 12.75 per KWh. DESCO will sign a Power Purchase Agreement with the said company.

  18. The Company has informed that it has credited the bonus shares for the year ended on June 30, 2012 to the respective sha

    The Company has informed that it has credited the bonus shares for the year ended on June 30, 2012 to the respective shareholders' BO Accounts on 24th January 2013. Cash dividend including sale proceeds of fraction shares for the year ended 30th June 2012 has already credited through Bangladesh Electronic Fund Transfer Network (BEFTN). The shareholders, whose accounts were not credited due to inadequate information in their accounts, have been requested to collect their dividend warrants from the Head Office of the Company at 22/B, Faruk Sarani, Nikunja-2, Khilkhet, Dhaka-1229 during office hours within 1st February 2013.

  19. HY Earnings 2012-13

    As per un-audited half yearly accounts as on 31.12.2012 (July'12 to Dec'12), the Company has reported net profit after tax of Tk. 719.82 million with basic EPS of Tk. 2.77 as against Tk. 405.69 million and Tk. 1.56 respectively for the same period of the previous year. However considering bonus share @ 15% for the year 2012, restated basic EPS is Tk. 2.40 as on 31.12.2012 (July'12 to Dec'12) and Tk. 1.36 as on 31.12.2011 (July'11 to Dec'11). Whereas net profit after tax was Tk. 334.01 million with basic EPS of Tk. 1.28 for the period of 3 months (Oct'12 to Dec'12) ended on 31.12.2012 as against Tk. 37.84 million and Tk. 0.15 respectively for the same period of the previous year. However considering bonus share @ 15% for the year 2012, restated basic EPS is Tk. 1.12 as on 31.12.2012 (Oct'12 to Dec'12) and Tk. 0.13 as on 31.12.2011 (Oct'11 to Dec'11).

  20. (H/Y): As per un-audited half yearly accounts as on 31.12.2012 (July'12 to Dec'12), the Company has reported net profit

    (H/Y): As per un-audited half yearly accounts as on 31.12.2012 (July'12 to Dec'12), the Company has reported net profit after tax of Tk. 719.82 million with basic EPS of Tk. 2.77 as against Tk. 405.69 million and Tk. 1.56 respectively for the same period of the previous year. However considering bonus share @ 15% for the year 2012, restated basic EPS is Tk. 2.40 as on 31.12.2012 (July'12 to Dec'12) and Tk. 1.36 as on 31.12.2011 (July'11 to Dec'11). (cont.)

  21. (continuation of news of DESCO - H/Y): Whereas net profit after tax was Tk. 334.01 million with basic EPS of Tk. 1.28 fo

    (continuation of news of DESCO - H/Y): Whereas net profit after tax was Tk. 334.01 million with basic EPS of Tk. 1.28 for the period of 3 months (Oct'12 to Dec'12) ended on 31.12.2012 as against Tk. 37.84 million and Tk. 0.15 respectively for the same period of the previous year. However considering bonus share @ 15% for the year 2012, restated basic EPS is Tk. 1.12 as on 31.12.2012 (Oct'12 to Dec'12) and Tk. 0.13 as on 31.12.2011 (Oct'11 to Dec'11). (end)

    The first part of this announcement is missing from the archive.

Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.