Far East Knitting & Dyeing Industries PLC. announcements
184 Dhaka Stock Exchange announcements for Far East Knitting & Dyeing Industries PLC. (FEKDIL) since 2014: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (12).
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has rated the Company as "A+" in the long term and "ST-2" in the short term along with a stable outlook based on audited financial statements of the Company up to June 30, 2015, unaudited financial up to September 30, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after Record date
Normal trading of the shares of the Company will resume on 07.12.2015 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 06.12.2015.
- Spot for AGM
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 02.12.2015 to 03.12.2015. Trading of the shares of the Company will remain suspended on record date i.e., 06.12.2015.
- Dividend Declaration
The Board of Directors has recommended 5% cash dividend and 10% stock dividend for the year ended on June 30, 2015. The Board has also decided to increase Authorized Capital of the Company from Tk. 1,500.00 million to Tk. 3,000.00 million. Date of AGM: 23.12.2015, Time: 11:00 AM, Venue: Factory Premises at Chandra, Kaliakoir, Gazipur. Record Date: 06.12.2015. The Company has also reported PAT of Tk. 314.47 m., EPS of Tk. 2.38, NAV per share of Tk. 21.81 and NOCFPS of Tk. 2.58 for the year ended on 30.06.2015 as against Tk. 241.87 m., Tk. 1.81, Tk. 21.73 and Tk. 1.71 respectively for the previous year. The Company has informed that it will increase capacity by about 1 million pieces (Basic T-Shirt) per month at total estimated cost of Tk. 26 crore and authorize excess utilization of Tk. 12,578,571 against IPO Utilization.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (16.11.2015) following its corporate declaration.
- Q1
EPS for July-September, 2015 was Tk. 0.41 as against Tk. 0.41 for July-September, 2014; NOCFPS was Tk. (0.39) for July-September, 2015 as against Tk. (0.99) for July-September, 2014. NAV per share (with Revaluation surplus) was Tk. 22.22 as of September 30, 2015 and Tk. 21.81 as of June 30, 2015 and NAV per share (without Revaluation surplus) was Tk. 19.77 as of September 30, 2015 and Tk. 19.36 as of June 30, 2015.
- 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 November 15, 2015 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2015. 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 15, 2015 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2015.
- Expansion project
The Company has informed that the Board of Directors has taken decision of an expansion project. Main features of the expansion project are as follows: i) Total cost (Civil works, Machinery & Miscellaneous) of the expansion project is estimated at Tk. 26.00 crore with financing from the City Bank Limited. ii) Capacity of finished garments will increase by approximately one million pieces per month in basic T-Shirt. iii) The project is expected to be completed by March, 2016.
- Q3
Net Profit after tax from Jan15 to March15 was Tk. 139.13 million with EPS of Tk. 1.05 as against Tk. 107.44 million and Tk. 0.99 respectively for the same period of the previous year. Whereas Net Profit after tax from July14 to March15 was Tk. 261.42 million with EPS of Tk. 1.98 as against Tk. 186.03 million and Tk. 1.72 respectively for the same period of the previous year.
- Half Yearly Financials
(H/Y Un-audited): Net Profit after tax from July14 to Dec14 was Tk. 130.54 million with EPS of Tk. 0.98 as against Tk. 75.98 million and Tk. 0.57 respectively for the same period of the previous year. Whereas net profit after tax from Oct14 to Dec14 was Tk. 80.99 million with EPS of Tk. 0.61 as against Tk. 53.78 million and Tk. 0.59 respectively for the same period of the previous year.
- New Registered office
The Company has informed that the Registered office of the Company has been shifted from Bilquis Tower (3rd Floor), Polt No.- 6 (New) 2nd Circle, Gulshan, Dhaka-1212 to Purbo Chandra, Kaliakoir, Gazipur.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.