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 2014 (17).
- will resume
Normal trading of the shares of the Company will resume on 16.11.2014 after record date.
- 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 after tax of Tk. 373.65 million with basic EPS of Tk. 1.09 as against Tk. 18.81 million and Tk. 0.05 respectively for the same period of the previous year. However, considering proposed bonus share @ 10% for the year 2014, restated basic EPS will be Tk. 0.99 as on 30.09.2014 and Tk. 0.049 as on 30.09.2013.
- will remain suspended
Trading of the shares of the Company will remain suspended on record date i.e., 13.11.2014.
- Spot Market
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 11.11.2014 to 12.11.2014. Trading of the shares of the Company will remain suspended on record date i.e., 13.11.2014.
- AGM date
The Company has further informed that the 18th AGM of the Company will be held on January 03, 2015 at 10:00 AM at Baridhara DOHS Convention Centre, Baridhara, Dhaka Cantonment, Dhaka. Other information of the AGM as announced earlier.
- Qualified Opinion
(Qualified Opinion): "MABS & J Partners", Auditor of the company, has given the following Qualified Opinion Paragraph in the audit report of the company for the year ended on 30th june, 2014: 'Reference to Note No 1.4.2.3' "DESCO acquired assets from DESA, for an amount of Tk. 2,793,960,000", but the value of these assets were estimated by DESCO, not by any independednt valuation firm. Note No 1.4.2.3' "Independent valuers had been appointed to physically verify and value the assets taken over by the company from DESA. The valuers have submitted their draft report which has been placed by the management before the board for finalization."
- Dividend
The Board of Directors has recommended 5% cash dividend and 10% stock dividend for the year ended on June 30, 2014. Date, Time and Venue of the AGM will be notified later. Record Date: 13.11.2014. The Company has also reported net profit after tax of Tk. 668.64 million, EPS of Tk. 1.94, NAV per share of Tk. 32.82 and NOCFPS of Tk. 7.65 for the year ended on June 30, 2014 as against Tk. 804.65 million, Tk. 2.34, Tk. 35.97 and Tk. 10.77 respectively for the year ended on June 30, 2013.
- today has no price Limit
There will be no price limit on the trading of the shares of the Company today (14.10.2014) following its corporate declaration.
- Board Meeting
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 13, 2014 at 5:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2014.
- (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 after tax of Tk. 52.45 million with EPS of Tk. 0.15 as against Tk. 89.75 million and Tk. 0.26 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 244.39 million with EPS of Tk. 0.71 for the period of nine months (July'13 to March'14) ended on 31.03.2014 as against Tk. 809.57 million and Tk. 2.35 respectively for the same period of the previous year.
- share transfer to PDB within April 30, 2014
After getting consent from Bangladesh Securities & Exchange Commission (BSEC), Erstwhile Dhaka Electric Supply Authority (DESA), one of the Sponsors of the Company, has expressed its intention to transfer 2,92,81,130 shares (Bonus shares) of the Company in favor of "Bangladesh Power Development Board (BPDB)" by way of transfer outside the trading system of the Stock Exchange within April 30, 2014.
- After getting consent from Bangladesh Securities & Exchange Commission (BSEC), Erstwhile Dhaka Electric Supply Authority
After getting consent from Bangladesh Securities & Exchange Commission (BSEC), Erstwhile Dhaka Electric Supply Authority (DESA), one of the Sponsors of the Company, has expressed its intention to transfer 2,92,81,130 shares (Bonus shares) of the Company in favor of "Bangladesh Power Development Board (BPDB)" by way of transfer outside the trading system of the Stock Exchange within April 30, 2014.
- share transfer to PDB
Bangladesh Securities & Exchange Commission (BSEC) has accorded its consent to transfer of total 2,92,81,130 shares (Bonus Shares) of Dhaka Electric Supply Company Ltd. (DESCO) from Dhaka Electric Supply Authority (DESA) to Bangladesh Power Develpoment Board Limited outside the trading system of the Exchange under the regulation 42(2)(b) of Listing Regulations of Dhaka Stock Exchange Limited.
- Bangladesh Securities & Exchange Commission (BSEC) has accorded its consent to transfer of total 2,92,81,130 shares (Bon
Bangladesh Securities & Exchange Commission (BSEC) has accorded its consent to transfer of total 2,92,81,130 shares (Bonus Shares) of Dhaka Electric Supply Company Ltd. (DESCO) from Dhaka Electric Supply Authority (DESA) to Bangladesh Power Develpoment Board Limited outside the trading system of the Exchange under the regulation 42(2)(b) of Listing Regulations of Dhaka Stock Exchange Limited.
- H/Y Earnings
As per un-audited half yearly accounts as on 31.12.2013 (July'13 to Dec'13), the Company has reported net profit after tax of Tk. 191.94 million with EPS of Tk. 0.56 as against Tk. 719.82 million and Tk. 2.09 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 173.13 million with EPS of Tk. 0.50 for the period of 3 months (Oct'13 to Dec'13) ended on 31.12.2013 as against Tk. 334.01 million and Tk. 0.97 respectively for the same period of the previous year.
- (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 after tax of Tk. 191.94 million with EPS of Tk. 0.56 as against Tk. 719.82 million and Tk. 2.09 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 173.13 million with EPS of Tk. 0.50 for the period of 3 months (Oct'13 to Dec'13) ended on 31.12.2013 as against Tk. 334.01 million and Tk. 0.97 respectively for the same period of the previous year.
- 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 20, 2014. Cash dividend including sale proceeds of fraction shares for the year ended 30th June 2013 has already been credited through Bangladesh Electronic Fund Transfer Network (BEFTN). Dividend Warrant has already been sent through courier to the addresses of shareholders whose accounts were not credited due to inadequate information in their Bank Accounts/out of BEFTN services.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.