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 2022 (23).
- Credit Rating Information and Services Limited (CRISL) has rated the Company as \"AA-\" in the long term and \"ST-2\" in
Credit Rating Information and Services Limited (CRISL) has rated the Company as \"AA-\" in the long term and \"ST-2\" in the short term along with Stable outlook of the Company based on audited financial statements up to June 30, 2022; unaudited financial up to September 30, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after record date
Trading of the shares of the Company will resume on 20.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022
- (Q1 Un-audited): EPS was Tk. 0.29 for July-September 2022 as against Tk. 0.14 for July-September 2021; NOCFPS was Tk. 5.
(Q1 Un-audited): EPS was Tk. 0.29 for July-September 2022 as against Tk. 0.14 for July-September 2021; NOCFPS was Tk. 5.82 for July-September 2022 as against Tk. 4.91 for July-September 2021. NAV per share was Tk. 66.26 as on September 30, 2022 and Tk. 65.96 as on June 30, 2022. Reasons for deviation in EPS and NOCFPS: (cont.)
- Q1 Financials
(Continuation news of DESCO): Earing per Share (EPS) has been increased due to increase in sales volume and other operating income. Net Operating Cash Flow per Share (NOCFPS) has been increased due to higher collection from consumers. (end)
The first part of this announcement is missing from the archive. - Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 15.11.2022 to 16.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022.
- 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, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- The auditor of the Dhaka Electric Supply Company Ltd. has given the \"Qualified Opinion\" paragraphs in the auditor\'s r
The auditor of the Dhaka Electric Supply Company Ltd. has given the \"Qualified Opinion\" paragraphs in the auditor\'s report for the year ended June 30, 2022. Basis for Qualified Opinion: The company approved Workers Profit Participation Fund (WPPF) in the year 2013 as per the amendment made in section-232 of Labour Law-2006 and started to provide provision in the Fund from the FY 2017-18. (cont.)
- Qualified Opinion
(Continuation news of DESCO): However, no provision was made against Fund for a total of four (04) Financial Years from 2013-14 to 2016-17. Hence, liability of the company has been understated by the shortfall amount of Taka 17,86,32,872 for the said Financial Years. (end)
The first part of this announcement is missing from the archive. - The Board of Directors has recommended 10\% cash dividend for the year ended June 30, 2022. Date of AGM: 14.01.2023, Tim
The Board of Directors has recommended 10\% cash dividend for the year ended June 30, 2022. Date of AGM: 14.01.2023, Time: 10:00 AM, Venue: Digital Platform, Record Date: 17.11.2022. The Company has also reported EPS of Tk. 1.59, NAV per share of Tk. 65.96 and NOCFPS of Tk. 13.09 for the year ended June 30, 2022 as against Tk. 1.86, Tk. 65.24 and Tk. 14.82 respectively for the same period of the previous year. (cont. 1)
- (Continuation news of DESCO): Reasons for significant deviations: Earning Per Share (EPS) decreased by Tk. 0.27 from the
(Continuation news of DESCO): Reasons for significant deviations: Earning Per Share (EPS) decreased by Tk. 0.27 from the FY 2020-21 ended 30 June, 2021. The EPS has decreased due to higher deferred tax provision made as per income tax law. Net Operating Cash flow per share (NOCFPS) is Tk. 13.09 which has decreased by Tk. 1.73 from the financial position on 30 June, 2021. (cont. 2)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (16.10.2022) following its corporate declaration.
- Dividend Declaration
(Continuation news of DESCO): The NOCFPS of the company has decreased as the company paid Tk. 523,18,96,919 more for energy purchase but received Tk. 262,24,01,486 more for energy sales compare to last FY. (end)
The first part of this announcement is missing from the archive. - 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 13, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Appointment of Chairman
The Company has informed that Mr. Md. Nizam Uddin, Additional Secretary of Government of the People's Republic of Bangladesh has been appointed as the Chairman of the Board of Directors of the Company.
- (Q3 Un-audited): EPS was Tk. 0.05 for January-March 2022 as against Tk. 0.12 for January-March 2021; EPS was Tk. 0.56 fo
(Q3 Un-audited): EPS was Tk. 0.05 for January-March 2022 as against Tk. 0.12 for January-March 2021; EPS was Tk. 0.56 for July 2021-March 2022 as against Tk. 0.43 for July 2020-March 2021. NOCFPS was Tk. 7.21 for July 2021-March 2022 as against Tk. 10.84 for July 2020-March 2021. NAV per share was Tk. 64.86 as on March 31, 2022 and Tk. 65.24 as on June 30, 2021. (cont.)
- Q3 Financials
(Continuation news of DESCO): Reason for Significant deviation in EPS and NOCFPS: EPS increased due to increase in sales as well as increase in FDR and STD interest. NOCFPS decreased due to decrease in received from operating and non operating activities and increase in the payment of interest of long-term loan. (end)
The first part of this announcement is missing from the archive. - 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 26, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the company for the Third Quarter (Q3) period ended March 31, 2022.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
- Appointment of Chairman
The Company has informed that Mr. A. T. M. Mostafa Kamal, Additional Secretary of Government of the People's Republic of Bangladesh has been appointed as the Chairman of the Board of Directors of the Company with effect from February 01, 2022.
- (Continuation news of DESCO): The Company has also informed that EPS has increased due to increase in electricity sales
(Continuation news of DESCO): The Company has also informed that EPS has increased due to increase in electricity sales revenue, other operating revenue and interest & miscellaneous income. NOCFPS has declined due to higher payments in the power purchase and loan interest than last year. (end)
The first part of this announcement is missing from the archive. - Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.37 for October-December 2021 as against Tk. 0.05 for October-December 2020; EPS was Tk. 0.51 for July-December 2021 as against Tk. 0.31 for July-December 2020. NOCFPS was Tk. 4.82 for July-December 2021 as against Tk. 6.95 for July-December 2020. NAV per share was Tk. 65.79 as on December 31, 2021 and Tk. 65.24 as on June 30, 2021. (cont.)
- 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 31, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.