Dragon Sweater & Spinning Limited announcements
187 Dhaka Stock Exchange announcements for Dragon Sweater & Spinning Limited (DSSL) since 2016: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2016 (25).
- Query Response
In response to a DSE query dated December 08, 2016, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Category Change
The Company will be placed in 'A' category from existing 'N' category with effect from December 05, 2016 as the Company has reported disbursement of 15% stock dividend for the year ended on June 30, 2016.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase any security of Dragon Sweater and Spinning Ltd. in between 1st to 30th trading day after change of categorization, starting from December 05, 2016 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2016 to the respective shareholders' BO Accounts on November 29, 2016.
- Query Response
In response to a DSE query dated November 27, 2016, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Q1 Financials
EPS was Tk. 0.62 for July-September, 2016 as against Tk. 0.51 for July-September, 2015; NOCFPS was Tk. 0.10 for July-September, 2016 as against Tk. 0.68 for July-September, 2015. NAV per share was Tk. 17.46 as of September 30, 2016 and Tk. 20.14 as of September 30, 2015.
- 18 Months Financials
EPS for 6 months period was Tk. 0.65 for Jan-June, 2016 as against Tk. 0.81 for Jan-June, 2015; EPS for 18 months period was Tk. 2.27 for January, 2015- June, 2016 as against Tk. 2.29 for January, 2014- June, 2015. NOCFPS was Tk. 1.32 for January, 2015-June, 2016 as against Tk. 2.97 for January, 2014- June, 2015. NAV per share was Tk. 16.84 as of June 30, 2016 and Tk. 19.50 as of June 30, 2015.<br> The Company has further informed that the Board has approved the Audited Accounts of the Company for the 18 months period ended on June 30, 2016 and also re fixed the date of the 17th AGM of the Company on November 19, 2016. The recommended dividend 15% stock dividend (as announced earlier) will remain unchanged. Record date will remain unchanged i.e. on 12.05.2016. Time of AGM: 11:00 AM. Venue: Imperial Convention Center (4th Floor), 68/B, DIT Road, Malibagh, Chowdhury Para, Dhaka.
- Board Meeting
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 16, 2016 at 4:00 PM to consider, among others, audited financial statements of the Company for the period 18 months from January 01, 2015 to June 30, 2016.
- Unaudited Financial Information
(Revised:3 Months Un-audited): The Company has revised un-audited quarterly accounts for the 3 Months period ended on March 31, 2016. EPS is Tk. 0.13 for January-March, 2016 as against Tk. 0.10 for January-March, 2015 which was earlier informed EPS of Tk. 0.50 for January-March, 2016 as against Tk. 0.41 for January-March, 2015. Other information is as announced earlier. After communication with the Company regarding the concerned figures earlier disseminated, the Company has replied with the above figure mentioning, "We beg apology for such an unintentional mistake which is occurs due to an error in the excel sheet. We must take care in near future."
- Postponement of AGM and EGM, unchanged Record date
The Company has informed that pursuant to the Directive issued by the BSEC dated April 27, 2016 to follow July-June as income year with effect from July 01, 2016, in compliance with the provision of the Finance Act, 2015, the Company has postponed their AGM and EGM to be held on June 27, 2016. In compliance with the aforesaid Directive and for the first time adoption of the change in the financial year, AGM of the Company will consider 18 months accounts i.e. audited accounts. from January 1, 2015 to June 30, 2016. Therefore the AGM will be held after closing the accounts on June 30, 2016 and within the calendar year 2016. Record date declared earlier i.e., May 12, 2016, shall remain unchanged for entitlement of 15% stock dividend. The stock dividend will be issued subject to the approval of the Shareholders in the forthcoming AGM.
- Unaudited Financial Information
EPS was Tk. 0.50 for January-March, 2016 as against Tk. 0.41 for January-March, 2015. NOCFPS was Tk. (0.51) for January-March, 2016 as against Tk. (0.57) for January-March, 2015. NAV per share was Tk. 16.35 as of March 31, 2016 and Tk. 20.47 as of March 31, 2015.
- Opening a Letter of Credit to Import Knitting Machineries
The Company has informed that they have opened a Letter of Credit at SouthBangla Agriculture and Commerce Bank to import 200 pcs Knitting Machine from China which will be installed by July, 2016. For which production will be increased by 12 lac pcs and sales will be increased by Tk. 46.00 crore.
- Resumption after Record date
Trading of the shares of the Company will resume on 15.05.2016 after record date for EGM and AGM.
- Resumption News after Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 12.05.2016 for AGM and EGM.
- 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 May 14, 2016 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2016.
- Spot News for AGM & EGM
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 10.05.2016 to 11.05.2016. Trading of the shares of the Company will remain suspended on record date i.e., 12.05.2016 for AGM and EGM .
- Dividend Declaration and EGM
The Board of Directors has recommended 15% stock dividend for the year ended on December 31, 2015. The Board has also decided to hold an EGM. Date of EGM and AGM: 27.06.2016, Time for EGM and AGM respectively: 11.00 AM and 12:00 Noon, Venue: Imperial Convention Center (4th Floor), 68/B, DIT Road, Malibagh, Chowdhury Para, Dhaka. Record date: 12.05.2016.The Company has also reported EPS of Tk. 1.68, NAV per share of Tk. 20.47 and NOCFPS of Tk. 1.72 for the year ended on December 31, 2015 as against Tk. 1.48, Tk. 18.79, Tk. 3.72 respectively for the year ended on December 31, 2014.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (20.04.2016) following its corporate declaration.
- EGM for increasing Authorized Capital of the Company
The Company has further informed that they will hold the EGM to increase the Authorized Share Capital of the Company from Tk. 150.00 crore to Tk. 300.00 crore by amending Clause IV of the Memorandum of Association and Article 4 of the Articles of Association of the Company; subject to the approval of the shareholders in the EGM. Other information of the EGM has been announced earlier today.
- Board Meeting
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 April 19, 2016 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.
- 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 April 05, 2016 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.
- Board Meeting schedule under LR 19(1) (Revised Information)
Please disregard the news disseminated earlier today regarding "Board Meeting schedule under LR 19(1)" to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015. It is to be informed that the said meeting will be held for discussion and consideration of Draft Account instead of audited financial statements of the Company for the year ended on December 31, 2015.
- Trading of New Security
Trading of the shares of Dragon Sweater and Spinning Limited will commence from today i.e. March 23, 2016 at DSE under 'N' category. DSE Trading Code for Dragon Sweater and Spinning Limited is "DSSL" and DSE Company Code is 17471.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers, Merchant Bankers and Portfolio Manager are requested not to provide loan facilities to purchase securities of Dragon Sweater and Spinning Limited in between 1st to 30th trading day starting from today; March 23, 2016 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
- Q3 Financials (Repeat)
The Company has reported its profit after tax Tk. 32.57 million and basic EPS Tk. 0.54 for the 3 months period ended on 30 September 2015 (July to September 2015) as against profit after tax of Tk. 29.50 million and basic EPS of Tk. 0.49 for the same period of the previous year. It is to be noted that 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 100,000,000 number of shares the Company's basic EPS for the 3 months period ended on 30 September, 2015 would be Tk. 0.33 for the period of 9 months (January to September, 2015) ended on 30 September, 2015 profit after tax was Tk. 80.16 million and basic EPS was Tk. 1.34 as against profit after tax of Tk. 66.51 million and basic EPS of Tk. 1.11 for the same period of the previous year.It is to be noted that the said 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 100,000,000 number of shares, Company's basic EPS would be Tk. 0.80 for 9 months period ended on 30 September 2015 (January 2015 to September 2015) and NAV per share would be Tk. 16.08 as on 30 September 2015.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.