Doreen Power Generations and Systems Limited announcements
183 Dhaka Stock Exchange announcements for Doreen Power Generations and Systems Limited (DOREENPWR) since 2016: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2016 (21).
- Credit Rating Result
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 a stable outlook based on audited financial statements of the Company up to June 30, 2016, unaudited financial up to September 30, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after record
Trading of the shares of the Company will resume on 14.11.2016 after record date.
- Suspension for record date
Trading of the shares of the Company will remain suspended on record date i.e., 13.11.2016.
- Spot for AGM
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 09.11.2016 to 10.11.2016. Trading of the shares of the Company will remain suspended on record date i.e., 13.11.2016.
- Enquiry Committee formation
BSEC NEWS: Bangladesh Securities and Exchange Commission (BSEC) has formed an enquiry committee to investigate recent unusual trading in shares of Doreen Power Generations and Systems Ltd. in the Stock Exchanges.
- Dividend Declaration
<table width="100%" cellspacing="3" border="0"> <tbody> <tr> <td></td> <td align="justify">The Board of Directors has recommended 10% cash dividend for all shareholders excluding the Sponsors/Directors and 20% stock dividend for all shareholders for the year ended on June 30, 2016. The Sponsors/Directors hold 60 million shares and the cash dividend to be payable to the General shareholders is Tk. 20.00 million. Date of AGM: 18.12.2016, Time: 10:30 AM, Venue: Trust Milonayaton, 545 old Air Port Road, Dhaka Cantonment, Dhaka-1206. Record Date: 13.11.2016.The Company has also reported consolidated EPS of Tk. 0.64, consolidated NAV per share (with revaluation) of Tk. 34.34, consolidated NAV per share (without revaluation) of Tk. 24.67 and consolidated NOCFPS of Tk. 1.13 for the year ended on 30.06.2016 as against Tk. 2.25, Tk. 36.00, Tk. 22.30 and Tk. 5.90 respectively for the year ended on 30.06. 2015.</td> </tr> </tbody> </table>
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (23.10.2016) following its corporate declaration.
- Q1 Financials
Consolidated EPS for July-September, 2016 was Tk. 2.22 as against Tk. 0.36 for July-September, 2015; Consolidated NOCFPS was Tk. (1.44) for July-September, 2016 as against Tk. 1.39 for July-September, 2015. Consolidated NAV per share with revaluation was Tk. 36.56 as of September 30, 2016 and Tk. 34.34 as of June 30, 2016, Consolidated NAV per share without revaluation was Tk. 26.99 as of September 30, 2016 and Tk. 24.67 as of June 30, 2016.
- Reason for increase in EPS for the first quarter period
With reference to their earlier news (disseminated by DSE today i.e. 23.10.2016) regarding unaudited Q1 Financials, the Company has further informed that the increase in EPS in the First Quarter for the period ended on September, 2016 in comparison to that of the previous year is due to start of commercial operation of two Subsidiary Companies of Doreen Power Generations and Systems Limited.
- Board Meeting
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 October 22, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2016.
- Approval accorded by BPDB
The Company has informed that Bangladesh power Development Board (BPDB) has approved the Commercial Operation (COD) of 55MW Power Plant at Manikganj of Dhaka Northern Power Generations Limited with effect from 17.08.2016. The plant has been successfully completed the COD procedure with its full (100%) dependable capacity of 55MW. As per Power Purchase Agreement, BPDB will purchase the power from the plant for 15 years from the date of COD. Dhaka Northern Power Generations Limited will generate approximately Tk. 313.74 crore as revenue per year. As 98.52% shareholding owner, Doreen Power Generations and Systems Limited will be benefited from the above mentioned revenue proportionality.
- Land Purchase
The Company has informed that the Board of Directors of the Company has decided to purchase 13 decimals land at total cost of Tk. 38,98,200.00 only (approximately) including the Registration cost at Shorshodi, Devipur, Feni Sadar, Feni (adjacent to the existing Feni 22MW Power Plant of the Company).
- Approval from BPDB of Commercial Operation (COD) of 55MW power Plant
With reference to their earlier news (disseminated by DSE on 28.06.2016), the Company has further informed that Bangladesh power Development Board (BPDB) has approved the Commercial Operation (COD) of 55MW Power Plant at Nobabganj, Dhaka of Dhaka Southern Power Generations Limited with effect from 17.06.2016. The plant has been successfully completed the COD procedure with its full (100%) dependable capacity of 55MW.
- Additional Information regarding Subsidiary Company
With reference to their earlier news (disseminated by DSE on 19.06.2016), the Company has further informed that Dhaka Southern Power Generations Limited, a subsidiary of Doreen Power Generations and Systems Limited, will generate Tk. 313.74 crore (approx.) as revenue per year at a plant factor of 80% capacity after completion of the COD of 55 MW Power Plan. As a 96.78% shareholder, Doreen Power Generations and Systems Limited will be benefited from the above mentioned revenue proportionately.
- COD of 55 MW Power Plant of a Subsidiary Company
The Company has informed that Dhaka Southern Power Generations Limited, a subsidiary of Doreen Power Generations and Systems Limited which holds 96.78% shares, has successfully completed COD procedure of 55MW Power Plant at Nababganj, Dhaka. The commercial operation date of the Plant was on June 17, 2016, subject to the approval of Bangladesh Power Development Board.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. (0.09) for January-March, 2016 as against Tk. 0.48 for January-March, 2015; Consolidated EPS was Tk. 0.55 for July, 2015-March, 2016 as against Tk. 1.79 for July, 2014-March, 2015. Consolidated NOCFPS was Tk. 2.78 for July, 2015-March, 2016 as against Tk. 4.25 for July, 2014-March, 2015. Consolidated NAV per share (with Revaluation) was Tk. 34.46 as of March 31, 2016 and Tk. 36.00 as of June 30, 2015 and Consolidated NAV per share (without Revaluation) was Tk. 24.46 as of March 31, 2015 and Tk. 22.30 as of June 30, 2015.
- Board Meeting
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 28, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2016.
- Commercial Operation of Subsidiaries and increasing Capacity
The Company has informed that the projects of subsidiaries have almost completed and commercial operation will start within two months. The existing 3 power plants with capacity of 66 MW which will be increased to 177 MW after commissioning of 2 more power plants.
- Trading of New Security
Trading of the shares of Doreen Power Generations and Systems Limited will commence at DSE from today i.e. April 06, 2016 under 'N' category. DSE Trading Code for Doreen Power Generations and Systems Limited is "DOREENPWR" and DSE Company Code is 15319.
- Prohibition on providing loan
DSE NEWS: The Stock Brokers, Merchant Bankers and Portfolio Manager are requested not to provide loan facilities to purchase securities of Doreen Power Generations and Systems Limited in between 1st to 30th trading day starting from today; April 06, 2016 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
- Q2 Financials
(Q2): The Company has reported its consolidated profit after tax Tk. 17.66 million and consolidated basic EPS of Tk. 0.29 for the 3 (three) months period ended on 31 December 2015 (October to December 2015) as against consolidated profit after tax of Tk. 43.18 million and consolidated basic EPS of Tk. 0.72 for the same period of the previous year. It is to be noted that consolidated basic EPS has been calculated based on weighted average Pre-IPO paid-up number of shares i.e. 60,000,000 shares for both the periods. However, considering Post-IPO 80,000,000 number of shares the Company's consolidated basic EPS for the 3 (three) months period ended on 31 December 2015 would be Tk. 0.22. For the period of 6 (six) months (July to December 2015) ended on 31 December 2015 consolidated profit after tax was Tk. 39.45 million and consolidated basic EPS was Tk. 0.66 as against consolidated profit after tax of Tk. 74.18 million and consolidated basic EPS of Tk. 1.24 for the same period of the previous year. It is to be noted that the said consolidated EPS has been calculated based on weighted average Pre-IPO paid-up number of shares i.e. 60,000,000 shares for both the periods. However, considering Post-IPO 80,000,000 number of shares, Company's consolidated basic EPS would be Tk. 0.49 for 6 (six) months period ended on 31 December 2015 (July to December 2015) and consolidated NAV per share would be Tk. 34.64 as on 31 December 2015.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.