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 2017 (21).
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.72) for July-September, 2017 as against Tk. 0.25 for July-September, 2016; EPS was Tk. (1.19) for January-September, 2017 as against Tk. (1.30) for January-September, 2016. NOCFPS was Tk. 5.92 for January-September, 2017 as against Tk. 2.41 for January-September, 2016. NAV per share was Tk. 12.31 as on September 30, 2017 and Tk. 11.77 as on September 30, 2016.
- 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 31, 2017 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2017.
- Postponement of AGM of the Company
The Company has further informed that based on a writ petition (writ petition no. 12827/17 dated August 29, 2017) filed by a Shareholder, the Honorable High Court Division of the Supreme Court of Bangladesh has given a Stay Order on the upcoming AGM of the Company, scheduled to be held on August 30, 2017. In this circumstance, based on the above Stay Order, the AGM of the Company, to be held on August 30, 2017, has been postponed for a period of 2 months.
- Credit Rating Result
WASO Credit Rating Company (BD) Ltd. (WCRCL) has announced the entity rating of the Company as "BBB3" for long term and "ST-4" for short term along with a stable outlook based on latest audited financial statements of the Company for the year ended on 2016 and other relevant quantitative and qualitative information of the Company.
- Re-fixation of AGM date
The Company has further informed that the Board of Directors of the Company has re-fixed the date of AGM on August 30, 2017 at 11:30 AM in Trust Milonayaton, 545, Old Airport Road, Bir Srestha Shaheed Jahangir Gate, Dhaka Cantonment, Dhaka. Earlier declared record date of 23rd May, 2017 has remained unchanged. In the AGM, among other decision, recommended dividend for the year ended 2016 will be approved after settlement of the Writ Petition No: 11650/2017 of the Honorable High Court.
- Vacating the Stay Order of the 24th AGM of the Company
The Company has informed that on 10th August, 2017, the Honorable High Court has vacated the "Stay Order" on the 24th Annual General Meeting of the Company.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.35 for April-June, 2017 as against Tk. (0.50) for April-June, 2016; EPS was Tk. (0.47) for January-June, 2017 as against Tk. (1.55) for January-June, 2016. NOCFPS was Tk. (4.19) for January-June, 2017 as against Tk. (1.04) for January-June, 2016. NAV per share was Tk. 13.03 as of June 30, 2017 and Tk. 11.51 as of June 30, 2016.
- Emphasis of Matter
(Emphasis of Matter): The auditor of the company has given the following "Emphasis of Matter" paragraph in the audit report of the company for the year ended on 31 December 2016: Emphasis of Matter We draw attention to the following matters, though our opinion is not qualified in respect of the same: a) Difference between balance in general ledger Loans and Advances (cont.1) (Continuation news of FIRSTFIN): d) For fair presentation of financial statements management should follow the accrual basis in recognizing the interest income from Fixed Deposit. e) The company needs to establish the Workers Profit Participation Fund (WPPF) complying the Labour Act 2006 and as amended. (End) (Continuation news of FIRSTFIN): and FICL statement prepared by the Company was Tk. 231,619,230.00, the matter should be reconciled immediately. b) First Finance Limited sanctioned a loan to one of it's directors amounting to Tk. 70 lakh, contravening the section 103 of Companies Act 1994. c) Referring to note no. 25 to the financial statements, unrealized amount needs to be accounted for as receivable. (cont.2)
- 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 July 30, 2017 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2017.
- Stay Order on holding of the 24th AGM
The Company has further informed that following a writ petition (No. 8911/17) filed by one of the shareholders of the Company, the Honorable High Court Division of the Supreme Court of Bangladesh, has issued an Order to stay the AGM of the Company to be held on June 15, 2017, for a period of 6 months.
- Resumption after Record Date
Trading of the shares of the Company will resume on 24.05.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 23.05.2017.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.83) for January-March, 2017 as against Tk. (1.05) for January-March, 2016; NOCFPS was Tk. (3.06) for January-March, 2017 as against Tk. 1.50 for January-March, 2016. NAV per share was Tk. 12.67 as of March 31, 2017 and Tk. 12.01 as of March 31, 2016.
- Basis for Qualified Opinion
(Qualified Opinion): The auditor of the company has given the following Basis for Qualified Opinion in the audit report of the company for the year ended on 31 December 2016: Basis for Qualified opinion: i.The Company did not maintain required amount of provision for loans and advances as per the circular of Bangladesh Bank. As disclosed in note 14.1 regarding provision for loans and advances, (cont.) (Continuation news of FIRSTFIN): the shortfall of provision for loans and advances is amounting to (Tk. 458,423,039-Tk. 391,335,176) Tk. 67,087,864. ii.The Company management made shortfall in provision for income tax amounting to Tk. 21,961,092. If this amount has been considered in this account, net profit of the Company would have been reduced by the same amount which also affects the EPS and performance of the Company significantly. (end)
- Spot News
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 09.05.2017 to 22.05.2017. Trading of the shares of the Company will remain suspended on record date i.e., 23.05.2017.
- 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 May 14, 2017 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2017.
- Dividend Declaration
The Board of Directors has recommended 5% stock dividend for the year ended on December 31, 2016. Date of AGM: 15.06.2017, Time: 11:30 AM, Venue: Trust Milonayaton, 545, Old Airport Road, Dhaka Cantonment, Dhaka. Record Date: 23.05.2017. The Company has also reported EPS of Tk. 0.43, NAV per share of Tk. 13.50 and NOCFPS of Tk. (8.80) for the year ended on December 31, 2016 as against Tk. 0.08, Tk. 13.07 and Tk. 9.15 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.04.2017) following its corporate declaration.
- 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 April 27, 2017 at 4:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2016.
- Appointment of Managing Director and CEO
The Company has informed that Mr. Md. Mohashin Miah has been appointed as Managing Director and CEO of the Company with effect from January 17, 2017.
- Query Response
In response to a DSE query dated January 15, 2017, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.