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 2024 (30).
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has assigned the rating of the Company as "A+" in the long term and "ST-3" in the short term along with Stable outlook in consideration of its audited financials up to June 30, 2024; unaudited financials up to September 30, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Qualified Opinion and Emphasis of Matter
The auditor of the company has given the "Qualified Opinion" and "Emphasis of matter" paragraphs in the Auditor's Report of the company for the year ended June 30, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/November/DOREENPOWER_2024.pdf
- Resumption after Record date
Trading of the shares of the company will resume on 21.11.2024.
- Suspension for record date
Trading of the shares of the company will remain suspended on record date i.e., 20.11.2024.
- 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 18.11.2024 to 19.11.2024. Trading of the shares of the company will remain suspended on record date i.e., 20.11.2024.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 1.48 for July-September 2024 as against Tk. 1.80 for July-September 2023; Consolidated NOCFPS was Tk. (15.88) for July-September 2024 as against Tk. (6.07) for July-September 2023. Consolidated NAV per share with revaluation was Tk. 51.05 as on September 30, 2024 and Tk. 49.57 as on June 30, 2024. Reasons for deviation in EPS and NOCFPS: (cont.) (cont. news of DOREENPWR): Consolidated EPS has decreased because three power plants of Doreen Power are in shut-down condition from middle of last year as well as for the loss incurred by the company on sale of non-current assets of Tangail and Feni Plants. Consolidated NOCFPS has decreased significantly due to decrease in receipt of revenue bill from customers during this quarter. (end)
- Qualified Opinion and Emphasis of Matter
The auditor of the company has given the "Qualified Opinion" and "Emphasis of Matter" paragraphs in the Auditor's Report of the company for the year ended June 30, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/November/DOREENPWR_2024.pdf
- 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 13, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Dividend Declaration
The Board of Directors has recommended 10.00% Cash Dividend for all Shareholders excluding the Sponsors /Directors for the year ended June 30, 2024. The Sponsors/ Directors who shall not be entitled to recommended cash Dividend, hold 120.64 million shares out of total 181.12 million Shares. The amount of Cash Dividend to be payable to the General Shareholders is Tk. 60.48 million. Date of AGM: 19.12.2024, Time: 11:00 AM, Venue: Digital Platform. (cont.) (Cont. news of DOREENPWR): Record Date: 20.11.2024. The Company has reported consolidated EPS of Tk. 1.81, consolidated NAV per share with revaluation of Tk. 49.57 and consolidated NOCFPS of Tk. 20.03 for the year ended June 30, 2024 as against Tk. 3.56, Tk. 50.47 and Tk. 17.98 respectively for the year ended June 30, 2023. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.10.2024) 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 27, 2024 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- The company has informed that the Board of Directors of the Company, in their meeting held on 15 October 2024 has approv
The company has informed that the Board of Directors of the Company, in their meeting held on 15 October 2024 has approved among others, the Valuation Report of Assets of the Company as at 30 June 2024. The Valuation was conducted by \"K. M. Alam & Co. Chartered Accountants\" using the estimated net realizable value method (Market Approach) (cont.1)
- (Continuation news of DOREENPWR): and the depreciated replacement cost method (Cost Approach), following International V
(Continuation news of DOREENPWR): and the depreciated replacement cost method (Cost Approach), following International Valuation Standards (IVS) and BSEC Notification No. SEC/CMRRCD/2009-193/150/Admin dated 18 August 2013. The summary of the Valuation is as follows: Total Written Down Value of Property, Plant and Equipment (PPE) before valuation as at 30 June 2024 was Tk. 1,777,260,496 (cont.2)
The first part of this announcement is missing from the archive. - Revaluation of assets of the company
(Continuation news of DOREENPWR): and total market value after valuation was Tk. 957,324,382. Total impairment loss (downward valuation) of the PPE was Tk. 819,936,114. Net Asset Value (NAV) per share has decreased by Tk. 4.53 from existing NAV per share Tk. 52.34 as at 31 March 2024. (end)
The first part of this announcement is missing from the archive. - The company has informed that the Board of Directors of the company in their meeting held on 29 September 2024 has decid
The company has informed that the Board of Directors of the company in their meeting held on 29 September 2024 has decided to sell all non-current assets of the Feni 22 MW Power Plant, as the extension proposal of the Power Purchase Agreement (PPA) with Bangladesh Power Development Board (BPDB) is pending for long time and the possibility of positive response from BPDB is uncertain. (cont.)
- Sale of non-current assets excluding land of Feni 22 MW Power Plant
(Continuation news of DOREENPWR): Board has also approved the "Vendors Agreement" to be executed between Doreen Power Generations and Systems Limited and Trust Marine Services for the sale of the engines, alternators, including accessories, substation equipment, building, and steel structures of the Feni 22 MW Power Plant for Tk. 100,500,000 (Ten crore five lac) only. Land will be sold at competitive market price to suitable customer in future. (end)
The first part of this announcement is missing from the archive. - The company has informed that the Board of Directors of the Company has decided to sale all non-current assets including
The company has informed that the Board of Directors of the Company has decided to sale all non-current assets including 244.54 decimal land of Tangail 22 MW Power Plant (one of the three power plants of the company) as the extension proposal of the Power Purchase Agreement (PPA) with Bangladesh Power Development Board (BPDB) is pending for long time and extension possibility is uncertain. (cont.)
- Sale of non-current assets excluding land of Tangail 22MW Power Plant
(Continuation News of DOREENPWR): The Board has also approved the 'Vendors Agreement' to be executed between Doreen Power Generations and Systems Limited and Ruposhi Bangla Group to sale the engines, alternators including accessories, substation equipment, building and steel structures of Tangail 22 MW Power Plant at Tk.100,500,000.00. Land will be sold at competitive market price to suitable customer in future. (end)
The first part of this announcement is missing from the archive. - (Q3 Un-audited): Consolidated EPS was Tk. (0.60) for January-March 2024 as against Tk. 1.03 for January-March 2023; Cons
(Q3 Un-audited): Consolidated EPS was Tk. (0.60) for January-March 2024 as against Tk. 1.03 for January-March 2023; Consolidated EPS was Tk. 2.23 for July 2023-March 2024 as against Tk. 1.79 for July 2022-March 2023. Consolidated NOCFPS was Tk. 24.97 for July 2023-March 2024 as against Tk. 6.44 for July 2022-March 2023. Consolidated NAV per share with revaluation was Tk. 52.34 as on March 31, 2024 and Tk. 50.47 as on June 30, 2023. (cont.1)
- (Continuation news of DOREENPWR): Reason deviation in EPS and NOCFPS: EPS has decreased significantly due to significant
(Continuation news of DOREENPWR): Reason deviation in EPS and NOCFPS: EPS has decreased significantly due to significant decrease in sales revenue of all plants as 15 years tenure of the PPAs of DPGSL has expired and demand for electricity from DNPGL, DSPGL and CPGL were lower than last year. But operating expense, general and admin expense and finance expense were not decreased to the extent compared to revenue decrease. (cont.2)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation news of DOREENPWR): NOCFPS has increased significantly due to increase in receipt of revenue bill from BPDB as well as decrease in suppliers? payments and finance cost payment. (en
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 29, 2024 at 03:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.
- The Company has informed that Bangladesh Rural Electrification Board (BREB) has given its consent vide letter no. 27.12.
The Company has informed that Bangladesh Rural Electrification Board (BREB) has given its consent vide letter no. 27.12.0000.178.14259.24.1012 dated February 18, 2024 to continue operation of \"22 MW Narsingdi Power Plant\" of the Company as per the terms and conditions and tariff schedule of existing Power Purchase Agreement (PPA) until the new PPA is signed for next five years after negotiation with \"No Electricity No Payment Basis\". (cont.)
- BREB's consent to continue operation of 22 MW Narsingdi Power Plant
(Continuation news of DOREENPWR): The Company is now in the process of negotiating tariff and other terms and conditions of renewal Power Purchase Agreement with the Bangladesh Rural Electrification Board (BREB). (end)
The first part of this announcement is missing from the archive. - The Company has informed that the Power Purchase Agreement (PPA) of Doreen (DPGSL) 22 MW Power Plant at Feni, one of the
The Company has informed that the Power Purchase Agreement (PPA) of Doreen (DPGSL) 22 MW Power Plant at Feni, one of the three power plants of the Company is going to expire on February 15, 2024. The Company had applied for extension of the Contract for supplying Electricity to Power Division of the Ministry of Power, Energy and Mineral Resources (MPEMR) on February 27, 2023 which is under active consideration. (cont.)
- Regarding shut-down of Doreen (DPGSL) 22 MW power plant at Feni
(Continuation news of DOREENPWR): As the PA's term is over, the plant will be in shut-down condition from mid-night of February 15, 2024 until further instruction from Bangladesh Power Development Board (BPDB) or Ministry of Power, Energy and Mineral Resources for operation of the Power Plant. (end)
The first part of this announcement is missing from the archive. - (Q2 Un-audited): Consolidated EPS was Tk. 1.03 for October-December 2023 as against Tk. (1.23) for October-December 2022
(Q2 Un-audited): Consolidated EPS was Tk. 1.03 for October-December 2023 as against Tk. (1.23) for October-December 2022; Consolidated EPS was Tk. 2.83 for July-December 2023 as against Tk. 0.76 for July-December 2022. Consolidated NOCFPS was Tk. (1.55) for July-December 2023 as against Tk. (4.04) for July-December 2022. Consolidated NAV per share was Tk. 52.94 as on December 31, 2023 and Tk. 50.47 as on June 30, 2023. (cont.)
- Q2 Financials
(Continuation news of DOREENPWR): Reasons for deviation in EPS: Consolidated EPS has been increased due to significant decrease in finance cost of subsidiary companies due to decrease in foreign exchange loss compared to last year. (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 January 30, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.