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 2018 (14).
- Qualified Opinion
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 2018: Basis for Qualified Opinion: As mentioned in Note 21.03 to the financial statements, the valuation of assets of Tk. 279 crore, (10.02%) out of total non-current assets of Tk. 2,784 crore, handed over by the predecessor Company-DESA to DESCO is included in the accounts of DESCO (cont.) (Continuation news 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)
- Resumption after record date
Trading of the shares of the Company will resume on 25.11.2018 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2018.
- 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 benefit from 19.11.2018 to 20.11.2018. Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2018.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.95 for July-September 2018 as against Tk. 0.53 for July-September 2017; NOCFPS was Tk. 1.75 for July-September 2018 as against Tk. 1.71 for July-September 2017. NAV per share was Tk. 41.09 as on September 30, 2018 and Tk. 38.31 as on June 30, 2018.
- 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 12, 2018 at 6:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend for the year ended on June 30, 2018. Date of AGM: 12.01.2019, Time: 10:00 AM, Venue: PSC Convention Hall, Mirpur-14, Dhaka-1206. Record Date: 22.11.2018. The Company has also reported EPS of Tk. 1.27, NAV per share of Tk. 40.13 and NOCFPS of Tk. 7.64 for the year ended on June 30, 2018 as against Tk. 0.44, Tk. 37.78 and Tk. 5.98 respectively for the same period of the previous year. The Company has also informed (cont.) (Continuation news of DESCO): the following: EPS increased due to increase of retail tariff with effect from December 01, 2017. Total revenue from Operation, Gross Profit and Operating profit increased due to increase of retail tariff. Income from other source (Net) decreased due to increase of interest expenses and fluctuation loss. Net Income increased due to increase of retail tariff. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (21.10.2018) 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 October 18, 2018 at 6:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.08 for January-March 2018 as against Tk. (0.39) for January-March 2017; EPS was Tk. 0.94 for July 2017-March 2018 as against Tk. 0.94 for July 2016-March 2017. NOCFPS was Tk. 5.59 for July 2017-March 2018 as against Tk. 0.60 for July 2016-March 2017. NAV per share was Tk. 39.31 as on March 31, 2018 and Tk. 37.78 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 April 24, 2018 at 6:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash dividend for the year ended on June 30, 2017 to the respective shareholders' Bank Accounts through BEFTN System.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.33 for October-December, 2017 as against Tk. 0.75 for October-December, 2016; EPS was Tk. 0.86 for July-December, 2017 as against Tk. 1.32 for July-December, 2016. NOCFPS was Tk. 1.10 for July-December, 2017 as against Tk. (0.72) for July-December, 2016. NAV per share was Tk. 39.62 as on December 31, 2017 and Tk. 37.78 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 January 25, 2018 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, 2017.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.