Envoy Textiles Limited announcements
242 Dhaka Stock Exchange announcements for Envoy Textiles Limited (ENVOYTEX) since 2012: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2014 (13).
- MoU with Prosperity Textile (H.K.) Ltd.
The Company has informed that, the Board of Directors of the Company has agreed to enter into and execute a Memorandum of Understanding (MoU) for Strategic Partnership with Prosperity Textile (H.K.) Ltd., the largest denim manufacturer in the north of Guangdong province, China, currently extended their business network in Bangladesh, having its main office at 24F, Block A, Poly Universe Plaza, Tianhe Nord Road 626, Guangzhou, China. The terms of this MoU, inter alia, include sourcing of fabrics from Envoy Textiles Ltd. and sharing of technical know-how for product development. It was also decided that, the Memorandum of Understanding (MoU) for Strategic Partnership to be executed by the both parties on the 10th Day of December 2014 at the Corporate Office of the Company.<br>
- trade resume
Normal trading of the shares of the Company will resume on 03.12.2014 after record date.
- will remain suspended
Trading of the shares of the Company will remain suspended on record date i.e., 02.12.2014.<br>
- trade suspension
Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 30.11.2014 to 01.12.2014. Trading of the shares of the Company will remain suspended on record date i.e., 02.12.2014.
- 12% cash dividend and 3% stock dividend
The Board of Directors has recommended 12% cash dividend and 3% stock dividend for the year ended on September 30, 2014. Date of AGM: 24.12.2014, Time: 10:00 AM, Venue: Samarai Convention Center, 23/G/7, Panthapath, Dhaka-1205. Record date: 02.12.2014. The Company has also reported EPS of Tk. 2.21, NAV per share of Tk. 38.43 and NOCFPS of Tk. 1.52 for the year ended on September 30, 2014.
- no price limit
There will be no price limit on the trading of the shares of the Company today (20.11.2014) following its corporate declaration.
- Board Meeting
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on November 19, 2014 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on September 30, 2014.
- setup plan for new unit
The Company has informed that the Board of Directors of the Company has finalized the plan to setup 'ETL Spinning Unit', a yarn manufacturing project, within the compound of Company's denim factory plant at Jamirdia, Bhaluka, Mymensingh, having annual production capacity of 17,500 Ton, with a total estimated project cost of USD 30 million and the following are relevant information of the project: 1) Out of the total estimated project cost, HSBC Bank Ltd. and BRAC Bank Ltd. have approved/expressed their willingness to finance a total of USD 20 million under offshore financing arrangement for maximum 5 years tenor, subject to final approval from relevant authorities and rest of USD 10 million will be provided from the Company's own source on as and when required basis; The major capital machineries to be imported for setting up the project are mainly from Germany, Switzerland and Japan in origin; 3) The project is expected to come in commercial operation by 1st quarter of 2016 and 4) The production of yarn will mostly be used for own consumption and may be increased approximately a yearly profit of BDT 40-45 crore from expected turnover of USD 50 million p.a. on completion of implementation of the spinning unit.
- H/Y Earnings
As per un-audited half yearly accounts as on 31.03.2014 (Oct'13 to March'14), the Company has reported profit after tax of Tk. 101.19 million with EPS of Tk. 0.72 as against Tk. 228.59 million and Tk. 1.63 (restated) respectively for the same period of the previous year. Whereas profit after tax was Tk. 61.83 million with EPS of Tk. 0.44 for the period of 3 months (Jan'14 to March'14) ended on 31.03.2014 as against Tk. 124.59 million and Tk. 0.89 (restated) respectively for the same period of the previous year.
- (H/Y): As per un-audited half yearly accounts as on 31.03.2014 (Oct'13 to March'14), the Company has reported profit aft
(H/Y): As per un-audited half yearly accounts as on 31.03.2014 (Oct'13 to March'14), the Company has reported profit after tax of Tk. 101.19 million with EPS of Tk. 0.72 as against Tk. 228.59 million and Tk. 1.63 (restated) respectively for the same period of the previous year. Whereas profit after tax was Tk. 61.83 million with EPS of Tk. 0.44 for the period of 3 months (Jan'14 to March'14) ended on 31.03.2014 as against Tk. 124.59 million and Tk. 0.89 (restated) respectively for the same period of the previous year.
- Q1 Earnings
As per un-audited quarterly accounts for the 1st quarter ended on 31st December 2013 (Oct'13 to Dec'13), the Company has reported profit after tax of Tk. 39.36 million with EPS of Tk. 0.28 as against Tk. 105.63 million and Tk. 0.75 (restated) respectively for the same period of the previous year.
- (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st December 2013 (Oct'13 to Dec'13), the Compa
(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st December 2013 (Oct'13 to Dec'13), the Company has reported profit after tax of Tk. 39.36 million with EPS of Tk. 0.28 as against Tk. 105.63 million and Tk. 0.75 (restated) respectively for the same period of the previous year.
- The Company has informed that it has credited the bonus shares for the year ended on September 30, 2013 to the respectiv
The Company has informed that it has credited the bonus shares for the year ended on September 30, 2013 to the respective shareholders' BO Accounts on December 29, 2013. Cash dividend including sale proceeds of fractional shares has been disbursed by fund transfer and BEFTN system to the respective shareholders' Bank Accounts within stipulated time. Cash Dividend Warrant has already been sent through courier to those shareholders whose accounts were not credited due to inadequate information in their Bank Accounts/out of BEFTN services/Non-resident.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.