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 2017 (15).
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.53 for July-September, 2017 as against Tk. 0.57 for July-September, 2016; NOCFPS was Tk. 1.71 for July-September, 2017 as against Tk. (0.16) for July-September, 2016. NAV per share was Tk. 38.31 as on September 30, 2017 and Tk. 37.83 as on June 30, 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 14, 2017 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2017.
- Resumption after record date
Trading of the shares of the Company will resume on 12.11.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 09.11.2017.
- 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 with cum benefits from 07.11.2017 to 08.11.2017. Trading of the shares of the Company will remain suspended on record date i.e., 09.11.2017.
- Basis for Qualified Opinion
(Basis for Qualified Opinion): The auditor of the Company has given the following "Basis for Qualified Opinion" in the audit report of the company for the year ended on 30 June 2017: Basis for Qualified Opinion: As mentioned in Note 21.03 to the financial statements, the valuation of assets in Gulshan and Tongi area of Tk. 279 crore, (13.6%) out of total non-current assets of Tk. 2,047 crore, handed over by the predecessor company-DESA to DESCO is included (cont.) (Continuation news of DESCO): in the accounts of DESCO on an estimated basis and is not agreed with DESA. Both the entities are governed by Bangladesh Power Development Board (BPDB) under the Ministry of Power, Energy and Mineral Resources. As per IFRS 3, para 18, Business Combination, Assets and Liabilities so acquired are to be measured at their acquisition- date fair value. Updated fair valuation of those assets received from DESA were not done since 2006. (end)
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend for the year ended on June 30, 2017. Date of AGM: 06.01.2018, Time: 10:00 AM, Venue: PSC Convention Hall, Mirpur-14, Dhaka-1206. Record Date: 09.11.2017. The Company has also reported EPS of Tk. 0.44, NAV per share of Tk. 37.78 and NOCFPS of Tk. 5.98 for the year ended on 30.06.2017 as against Tk. 1.12, Tk. 36.85 and Tk. 8.24 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 (02.10.2017) 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 28, 2017 at 7:00 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. (0.39) for January-March, 2017 as against Tk. (0.24) for January-March, 2016; EPS was Tk. 0.94 for July, 2016-March, 2017 as against Tk. 1.12 for July, 2015-March, 2016. NOCFPS was Tk. 0.60 for July, 2016-March, 2017 as against Tk. 3.99 for July, 2015-March, 2016. NAV per share was Tk. 37.49 as of March 31, 2017 and Tk. 37.04 as of June 30, 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 5:30 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
EPS was Tk. 0.75 for October-December, 2016 as against Tk. 0.68 for October-December, 2015; EPS was Tk. 1.32 for July-December, 2016 as against Tk. 1.36 for July-December, 2015. NOCFPS was Tk. (0.72) for July-December, 2016 as against Tk. 2.07 for July-December, 2015. NAV per share was Tk. 38.59 as of December 31, 2016.
- Q2 Financials (Additional information)
The Company has further informed that NAV per share was Tk. 37.04 as of June 30, 2016. Other information will remain unchanged.
- 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 25, 2017 at 5:30 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. DESCO owned total non-current assets amount in the current financial statements as of 30th June, 2016, is TK. 1663 Crore. Out of which a material portion of assets valued at the 279 Crore (17%) was acquired from the predecessor entity DESA.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.