Fareast Finance & Investment Limited announcements
201 Dhaka Stock Exchange announcements for Fareast Finance & Investment Limited (FAREASTFIN) since 2013: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2020 (14).
- (Q3 Un-audited): EPS was Tk. (0.59) for July-September, 2020 as against Tk. (2.63) for July-September, 2019; EPS was Tk.
(Q3 Un-audited): EPS was Tk. (0.59) for July-September, 2020 as against Tk. (2.63) for July-September, 2019; EPS was Tk. (1.70) for January-September, 2020 as against Tk. (6.08) for January-September, 2019. NOCFPS was Tk. 1.30 for January-September, 2020 as against Tk. (0.81) for January-September, 2019. NAV per share was Tk. 1.15 as on September 30, 2020 and Tk. 2.85 as on December 31, 2019.
- As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a 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 October 29, 2020 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2020.
- The Company has informed that Bangladesh Bank has given approval to shift its Head Office and Principal Branch from Bhui
The Company has informed that Bangladesh Bank has given approval to shift its Head Office and Principal Branch from Bhuiya Center (4th and 5th floor), 68 Dilkusha Commercial Area, Dhaka-1000 to its own commercial space at Simpletree Lighthouse (10th floor), Plot - 53, Road # 21, Block - B, Kemal Ataturk Avenue, Banani, Dhaka - 1213.
- Trading of the shares of the Company will resume on 08.10.2020 after record date.
Trading of the shares of the Company will resume on 08.10.2020 after record date.
- Trading of the shares of the Company will remain suspended on record date i.e., 07.10.2020.
Trading of the shares of the Company will remain suspended on record date i.e., 07.10.2020.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled
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 04.10.2020 to 06.10.2020. Trading of the shares of the Company will remain suspended on record date i.e., 07.10.2020.
- (Continuation news of FAREASTFIN): In connection with our audit, we have performed audit procedures to evaluate manageme
(Continuation news of FAREASTFIN): In connection with our audit, we have performed audit procedures to evaluate management's assumptions as to the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter. 3. The company has one associate company namely Fareast Stocks & Bonds Limited is audited by other auditor whose report has been furnished to us and our opinion is as so far as it relates to the amounts included based (cont. 3)
The first part of this announcement is missing from the archive. - (Continuation news of FAREASTFIN): on the reports. According to available documents & CL statements Fareast Finance & In
(Continuation news of FAREASTFIN): on the reports. According to available documents & CL statements Fareast Finance & Investment Limited shown Term Loan given to Fareast Stocks & Bonds Limited amount in Tk. 2,754,580,768 but according to Auditors opinion of Fareast Stocks & Bonds Limited they have found Tk. 2,522,206,023 in the books of accounts differences is Tk. 232,374,745. Which indicates that the recoverability of Term loan amount may (cont. 4)
The first part of this announcement is missing from the archive. - (Continuation news of FAREASTFIN): cast doubt and may arise additional expected credit losses of the company. Note - 8.9
(Continuation news of FAREASTFIN): cast doubt and may arise additional expected credit losses of the company. Note - 8.9.1 Shortfall of provision for loans, advances and leases, other assets and balance with other banks and financial institutions: According to the company's request, Bangladesh Bank has given 5 (five) years time i.e. 2019, 2020, 2021, 2022 and 2023 for maintaining equally the required provision/provision shortfall of Tk. 94.57 crore as on 31 December 2019 (cont. 5)
The first part of this announcement is missing from the archive. - (Continuation news of FAREASTFIN): for loans, advances and leases, other assets and balance with other banks and financi
(Continuation news of FAREASTFIN): for loans, advances and leases, other assets and balance with other banks and financial institutions as per the letter # DFIM(C) 1054/09/2020-1420 dated 25 August 2020. Balance of shortfall of provision as on 31 December 2019 was BDT 756,534,714. Note - 2.40 Going Concern: The financial statements are prepared on the assumption that the entity is a going concern-and will continue its operations for the foreseeable future. The company (cont. 6)
The first part of this announcement is missing from the archive. - (Continuation news of FAREASTFIN): has sustained an accumulated loss of Tk. 1,522,224,822 on December 31, 2019 which inc
(Continuation news of FAREASTFIN): has sustained an accumulated loss of Tk. 1,522,224,822 on December 31, 2019 which includes net loss after Tax Tk. 717,997,592 for the year ended December 31, 2019. The Net asset value per share (NAV) has been reduced from Tk. 7.22 to Tk. 2.85 and net operating cash flows per share (NOCFPS) has also been reduced from Tk. 3.47 to Tk. (1.19) from the year 2018 to 2019. The company's net liability exceeds its assets within one year (cont. 7)
The first part of this announcement is missing from the archive. - (Continuation news of FAREASTFIN): Tk. 1,532,764,232 (Tk. 4,019,249,424 - Tk. 2,486,485,192) and the Company's Sharehold
(Continuation news of FAREASTFIN): Tk. 1,532,764,232 (Tk. 4,019,249,424 - Tk. 2,486,485,192) and the Company's Shareholders equity has decreased from Tk. 1,184,855,468 to Tk. 466,857,876 from the year 2018 to 2019 respectively. Fareast Finance and Investment Limited management believes that the Company will be able to recover from losses in the next succeeding years. The company has extended its current credit facilities and trying to increase its income and (cont. 8)
The first part of this announcement is missing from the archive. - (Continuation news of FAREASTFIN): collecting the loans and leases amount from the customers. Accordingly, the accompany
(Continuation news of FAREASTFIN): collecting the loans and leases amount from the customers. Accordingly, the accompanying Company's financial statements have been prepared assuming that the Company will continue as a going concern which (cont. 9)
The first part of this announcement is missing from the archive. - (Continuation news of FAREASTFIN): contemplates the realization of assets and the settlement of liabilities in the norma
(Continuation news of FAREASTFIN): contemplates the realization of assets and the settlement of liabilities in the normal course of business. The current credit facilities and resources of the company provides sufficient fund to meet the present requirements of its existing business operation. (end)
The first part of this announcement is missing from the archive.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.