Eastern Cables Limited announcements
273 Dhaka Stock Exchange announcements for Eastern Cables Limited (ECABLES) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (21).
- Resumption after record date
Trading of the shares of the Company will resume on 11.12.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 08.12.2022.
- 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 06.12.2022 to 07.12.2022. Trading of the shares will remain suspended on record date i.e., 08.12.2022.
- The auditor of the Eastern Cables Limited has given the \"Qualified Opinion\" paragraph in the Auditor\'s Report for the
The auditor of the Eastern Cables Limited has given the \"Qualified Opinion\" paragraph in the Auditor\'s Report for the year ended June 30, 2020. Basis for Qualified Opinion: 1.BDT 32,702,575 has been shown as Unclaimed Dividend in the financial statements of the company as at 30 June 2022, though the balance of the bank account for dividend was BDT 860,288 which is non-compliance of Bangladesh Securities and Exchange Commission Directive (no. BSEC/CMRRCD/2021-386/03) where it is stated that (cont.1)
- (Continuation news of ECABLES): any unpaid or unclaimed cash dividend if remains, shall be transferred to separate bank
(Continuation news of ECABLES): any unpaid or unclaimed cash dividend if remains, shall be transferred to separate bank account of the issuer as maintained for this purpose, within one year from the date of declaration or approval or record date. 2.Deferred tax calculated and recognized by the company has not been properly calculated in accordance with para 17 of IAS 12, Income Tax, and detailed calculation of income tax has not been disclosed in notes to the financial (cont.2)
The first part of this announcement is missing from the archive. - Qualified Opinion
(Continuation news of ECABLES): statements in accordance with para 46, 81 (g) of IAS 12 Income Tax. 3.Trade Receivable amounting BDT 38,474,754 out of BDT 79,991,134 has been same over the last few years and the company did not make any provision against recovery of this receivable amount. It violates the directive described in para 5.5 of IFRS 9 regarding accounting for credit losses on financial instruments. (end)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.08 for July-September 2022 as against Tk. (1.01) for July-September 2021; NOCFPS was Tk. 1.73 for July-September 2022 as against Tk. (0.27) for July-September 2021. NAV per share was Tk. 344.13 as on September 30, 2022 and Tk. 344.06 as on June 30, 2022.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (09.11.2022) following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
- Dividend Declaration
The Board of Directors has recommended 2% cash dividend for the year ended June 30, 2022. Date of AGM: 30.01.2023, Time: 11:00 AM, Venue: Digital Platform. Record Date: 08.12.2022. The Company has reported EPS of Tk. 0.34, NAV per share of Tk. 344.06 and NOCFPS of Tk. 0.45 for the year ended June 30, 2022 as against Tk. (4.68), Tk. 10.42 and Tk. 8.14 respectively for the same period of the previous year.
- Dividend Declaration (Additional Information)
The Company has further informed that NAV per share is higher than previous year due to asset revaluation of the company. EPS is positive due to reducing overhead cost and increase of selling price of the product compared with the previous year.
- 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 08, 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.
- 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 November 08, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Regarding shareholding position for the months of May and June 2022
The Company has informed that none of the Board of Directors have buy/sell any shares for the months of May and June 2022. Their (Sponsor/Director) shareholding position remain unchanged but mistakenly they calculated shareholding position 17.77 % instead of 14.12% for the month of May 2022.
- Agreement signed with China National Technical Imp. & Exp. Corpo.
The Company has informed that they have signed an agreement with China National Technical Imp. & Exp. Corpo. for the supply of Aluminium Wire. The Company also informed that the Contract value is 4.20 million USD.
- Revaluation of Property, Plant and Equipment
The Company has informed that the Board of Directors has approved the revaluation of Property, Plant and Equipment as on December 31, 2021. The revaluation was performed by renowned Chartered Accountants firm Ahmed Zaker & Co. The revaluation amount of Property, Plant and Equipment was BDT 895,84,54,491.00 against Written Down Value of BDT 15,95,99,639.00 as on December 31, 2021. The revaluation surplus was BDT 879,88,54,852.00.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.32) for January-March 2022 as against Tk. (1.22) for January-March 2021; EPS was Tk. (2.13) for July 2021-March 2022 as against Tk. (4.51) for July 2020-March 2021. NOCFPS was Tk. 1.91 for July 2021-March 2022 as against Tk. 11.49 for July 2020-March 2021. NAV per share was Tk. 8.29 as on March 31, 2022 and Tk. 10.42 as on June 30, 2021.
- Reschedule of Board Meeting under LR 16(1)
The Company has further informed that due to unavoidable circumstances a meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on April 28, 2022 at 3:00 PM instead of April 27, 2022 to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 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 April 27, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.80) for October-December 2021 as against Tk. (2.06) for October-December 2020; EPS was Tk. (1.81) for July-December 2021 as against Tk. (3.29) for July-December 2020. NOCFPS was Tk. 0.002 for July-December 2021 as against Tk. 7.81 for July-December 2020. NAV per share was Tk. 8.62 as on December 31, 2021 and Tk. 10.42 as on June 30, 2021.
- Reschedule of Board Meeting schedule under LR 16(1)
The Company has further informed that meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on January 29, 2022 at 4:30 PM instead of January 29, 2022 at 11:00 AM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
- 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 29, 2022 at 11:00 AM 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.