First Finance PLC announcements
348 Dhaka Stock Exchange announcements for First Finance PLC (FIRSTFIN) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (10).
- Qualified Audit Opinion
Auditor of the company has given the following qualified audit opinion in the audit report of the company for the year ended on 31 December 2014: Basis for qualified opinion: We report that: 1. As referred to in note 25.1, interest during construction period, delinquent charges and transfer fees against parties in default were accounted for as other income, instead of booking under interest suspense account. Had that not been considered as income, the profit for the year would have been reduced to that extent. 2. As detailed in note-2.6(b), an amount of BDT 2.98 crore is still required for providing provision for income tax, on the incremental income assessed by tax authorities for which appeal decisions are still pending with the High Court. Had this amount been considered in the accounts, net profit of the company would have been reduced by the same amount. Note-2.6(b): Deferred tax: Deferred tax liabilities are the amount of income tax payable in future periods in respect of taxable temporary differences. Deferred tax assets are the amount of income taxes recoverable in future periods in respect of deductible temporary differences. Deferred tax assets and liabilities are recognized for the future tax consequences of timing differences arising between the carrying values of assets, liabilities, income and expenditure and their respective tax bases. Deferred tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantially enacted at the Statement of Financial Position date. The impact on the account of changes in the deferred tax assets and liabilities has also been recognized in the Statement of Comprehensive Income as per BAS12 "Income Taxes." Note-25.1: Other income includes a total sum of Tk. 43,912,469.00 accrued against some parties in default for non-payment of loans and charges against which money suits were filed with by the company. Such interest and charges were accounted for under interest during construction period of BDT 31,474,818.00, delinquent charges of BDT 7,942,651.00 and transfer fees of BDT 4,495,000.00 as income.
- Q3 Financials
EPS was Tk. 0.09 for July-September, 2015 as against Tk. 0.26 for July-September, 2014; EPS was Tk. 0.57 for January-September, 2015 as against Tk. 0.95 for January-September, 2014. NOCFPS was Tk. 6.12 for January-September, 2015 as against Tk. 7.21 for January-September, 2014. NAV per share was Tk. 13.55 as of September 30, 2015 and Tk. 13.64 as of December 31, 2014.
- 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 October 28, 2015 at 5:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2015.
- Credit Rating
Alpha Credit Rating Limited (AlphaRating) has rated the Company as "A-" in the long term and "AR-3" in the short term along with a stable outlook based on audited financial statements of the Company up to December 31, 2014 and relevant qualitative information up to August 09, 2015.
- Q2 Financials
EPS for April-June, 2015 was Tk. 0.09 as against Tk. 0.25 for April-June, 2014, EPS for Jan-June, 2015 was Tk. 0.47 as against Tk. 0.69 for Jan-June, 2014. NOCFPS was Tk. 0.09 for Jan-June, 2015 as against Tk. 9.60 for Jan-June, 2014. NAV per share was Tk. 13.46 as of June 30, 2015 and Tk. 13.64 as of December 31, 2014.
- Confirmation of sale by Sponsor/Director
A.Q.M Faisal Ahmed Chowdhury, one of the Sponsors/Directors of the Company, has further reported that he has completed his sale of 5,00,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Declaration of sale by Sponsor/Director
A.Q.M Faisal Ahmed Chowdhury, one of the Sponsors/Directors of the Company, has expressed his intention to sell 5,00,000 shares out of his total holding of 32,21,064 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.<br>
- has credited the bonus
The Company has informed that it has credited the bonus shares for the year ended on December 31, 2014 to the respective shareholders BO Accounts on April 30, 2015.
- Q1
Net Profit after tax from Jan15 to March15 was Tk. 44.20 million with EPS of Tk. 0.40 as against Tk. 48.29 million and Tk. 0.44 respectively for the same period of the previous year. However, considering proposed bonus share 5% for the year 2014, restated basic EPS will be Tk. 0.38 as on 31.03.2015 and Tk. 0.42 as on 31.03.2014.
- Category changed
The Company will be placed in B category from existing A category with effect from April 19, 2015 as the Company approved stock dividend 5% for the year ended on December 31, 2014.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.