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 2018 (20).
- Emphasis of Matter
Emphasis of Matter: The auditor of the company has given the following "Emphasis of Matter" Paragraphs in the audit report of the company for the year ended on 30 June 2018. Emphasis of Matter: Without modifying our opinion as above, we draw attention to the fact as disclosed in note # 3.9 to the financial statements that the management of the Company decided not to make any further provision for Workers Profit Participation Fund (WPPF) as the Ministry of Power, (cont.) (Continuation news of DOREENPWR): Energy and Mineral Resources on request of Bangladesh Independent Power Producers Association (BIPPA) approached the Ministry of Labour and Employment to exempt the power producers in private sector from implementation of WPPF as required by the Labour Act 2006 (amended in 2013). The management of the company informed us that the matter is under active consideration of the government and management is hopeful that they will get the positive outcome. (end)
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 2.71 for July-September 2018 as against Tk. 2.35 for July-September 2017; Consolidated NOCFPS was Tk. (7.42) for July-September 2018 as against Tk. 5.57 for July-September 2017. Consolidated NAV per share with revaluation was Tk. 43.05 as on September 30, 2018 and Tk. 40.34 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 11, 2018 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Resumption after Record Date
Trading of the shares of the Company will resume on 21.10.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 18.10.2018.
- 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 16.10.2018 to 17.10.2018. Trading of the shares of the Company will remain suspended on record date i.e., 18.10.2018.
- Revised Total Number of Shares
With reference to the earlier news disseminated on September 23, 2018 regarding dividend declaration the company has further informed that they had inadvertently mentioned total number of shares 1,056.00 million instead of 105.60 million.
- Dividend Declaration
The Board of Directors has recommended 15% cash dividend for shareholders excluding the Sponsors/Directors and 10% stock dividend for all shareholders for the year ended on June 30, 2018. The Sponsors/Directors hold 76.70 million shares out of total 1,056.00 million shares of the Company and the cash dividend to be payable to the General shareholders is Tk. 43.35 million. Date of AGM: 13.12.2018, Time: 11:00 AM, Venue: Trust Milonayaton, 545 old Air Port Road, Dhaka Cantonment, Dhaka. (cont.) (Continuation news of DOREENPWR): Record Date: 18.10.2018. The Company has also reported Consolidated EPS of Tk. 7.85, Consolidated NAV per share (with revaluation) of Tk. 40.34, and Consolidated NOCFPS of Tk. 10.84 for the year ended on June 30, 2018 as against Tk. 6.88, Tk. 32.69 and Tk. 2.61 respectively for the same period of the previous year. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (23.09.2018) following its corporate declaration.
- Fine Imposed on some employees of the Company
BSEC News: BSEC has imposed fine on the following employees of the Company: Tk. 1.00 lac each to Mr. Mohammad Fazle Elahi Khan (Senior GM), Mr. Iqbal Hossain (GM), Mr. Masudur Rahman Bhuiyan (Assistant GM and Company Secretary), Mr. Mahtab Bin Ahmed (Independent Director), Mr. Afroz Alam (CFO) and (cont.) (Continuation news of DOREENPWR): Tk. 10.00 lac each to Mrs. Chowdhury Farah Naaz Samia (10.00 lac), Mr. Wahiduzzaman Khan (DGM). The above fines are imposed for making noncompliance with the Securities and Exchange Commission (Prohibition of Insider Trading) Rules, 1995. (end)
- 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 20, 2018 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Sale Confirmation of a Corporate Sponsor
Asian Entech Power Corporation Limited, one of the Corporate Sponsors of the Company, has further reported that it has completed its sale of 25,00,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Sale Declaration of a Corporate Sponsor
Asian Entech Power Corporations Limited, one of the Corporate Sponsors of the Company, has expressed its intention to sell 25,00,000 shares out of its total holding of 7,58,68,994 shares of the Company at prevailing market price (in the Block Market) through Stock Exchange (DSE) within April 30, 2018.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 1.90 for January-March 2018 as against Tk. 1.84 for January-March 2017; Consolidated EPS was Tk. 6.09 for July 2017-March 2018 as against Tk. 5.17 for July 2016-March 2017. Consolidated NOCFPS was Tk. 14.78 for July 2017-March 2018 as against Tk. 3.41 for July 2016-March 2017. Consolidated NAV per share was Tk. 38.58 as on March 31, 2018 and Tk. 35.96 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 15, 2018 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, 2018.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 1.83 for October-December, 2017 as against Tk. 1.64 for October-December, 2016; Consolidated EPS was Tk. 4.19 for July-December, 2017 as against Tk. 3.33 for July-December, 2016. Consolidated NOCFPS was Tk. 11.69 for July-December, 2017 as against Tk. 2.07 for July-December, 2016. Consolidated NAV per share with revaluation was Tk. 36.68 as on December 31, 2017 and Tk. 32.69 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 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
- Chandpur Power Generations Ltd. has signed a PPA with BPDB
With reference to their earlier news (disseminated by DSE on 16.05.2017) the Company has further informed that Chandpur Power Generations Ltd. has signed a Power Purchase Agreement (PPA) with BPDB and Implementation Agreement with The GOB represented by the Ministry of Power, Energy and Mineral Resources on January 17, 2018 (cont.) (Continuation news of DOREENPWR): to develop a 115 MW HFO Power Plant at Chandpur, Bangladesh on Build Own Operate (BOO) basis for 15 years. The required commercial operation date (COD) of the power plant is July 16, 2019. Doreen Power Generations and Systems Limited own 60% shares of Chandpur Power Generations Limited. (end)
- 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 in consideration of its audited financials up to June 30, 2017, un-audited financials up to September 30, 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2017 to the respective shareholders' BO Accounts on December 27, 2017. The payment of cash dividend has been disbursed to the shareholders' Bank Accounts through BEFTN.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.