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 2018 (19).
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (1.17) for July-September 2018 as against Tk. (0.72) for July-September 2017; EPS was Tk. (3.16) for January-September 2018 as against Tk. (1.19) for January-September 2017. NOCFPS was Tk. 7.50 for January-September 2018 as against Tk. (5.92) for January-September 2017. NAV per share was Tk. 7.72 as on September 30, 2018 and Tk. 10.88 as on December 31, 2017. (cont.) (Continuation news of FIRSTFIN): It is to be noted that NOCFPS changed in the earlier period as incremental cash flow appeared in operational activities; incremental cash inflow against leases, loans and advances to customers. Moreover, collections from the customers have significantly increased as compared to that with previous period. (end)
- 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 29, 2018 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, 2018.
- Qualified Opinion and Emphasis of Matter
The auditor of the company has given the following 'Qualified Opinion and Emphasis of Matter ' Paragraphs in the audit report of the company for the year ended on 31 December 2017. Basis for Qualified Opinion: As detailed in note 3.01.01(a) to the financial statements, cash reserve requirement (CRR) has not been maintained as per the Section 19 of Financial Institution Act, 1993, Rule 5 of Financial Institution Rules 1994 and FID circular no-06 dated 6 November 2003 of Bangladesh Bank. (cont.1) (Continuation news of FIRSTFIN): First Finance Limited sanctioned a loan to one of its director amounting to Tk. 70 lakh having no approval from the shareholders. And we recommended getting it approved in next AGM. d) The company needs to establish the Workers Profit Participation Fund (WPPF) complying with the Labour Act 2006 as amended. (end) (Continuation news of FIRSTFIN): has created a different interest expense in the financial statements for interest not provided and will write off within 3 years. Accordingly, they adjusted Tk. 77,690,789.00 during the year, we suggest to follow the instructions of Bangladesh Bank properly in years to come. c) As detailed in note 41 to the financial statements, regarding related party transaction, (cont.3) (Continuation news of FIRSTFIN): Emphasis of Matter: a) Referring to the note 7 to the financial statements in respect of leases, loans and advances there was a difference between balances in general ledger of loans and advances and FICL statements amounting to Tk. 205,804,139.00. The matter should be resolved as soon as possible, subject to the permission of Bangladesh Bank. b) As detailed in note 10.02, First Finance Limited (cont.2)
- Credit Rating Result
Alpha Credit Rating Limited (AlphaRating) has rated the Company as "BBB" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the Company up to December 31, 2017 and relevant qualitative information up to October 13, 2018.
- Postponed 24th and 25th AGMs
With Reference to their earlier news disseminated on 31.07.2018 regarding 24th and 25th AGMs to be held on 27.09.2018, the Company has further informed that they have not yet received permission from Honorable High Court after having filed a prayer for holding AGMs as the Vacation session of Honorable High Court has been going on. (cont.) (Continuation news of FIRSTFIN): The Company has further informed that they will declare the Date, Time and Venue of the AGMs after receiving permission from Honorable High Court. Record date and other information of the AGMs will remain unchanged. (end)
- Resumption after record date
Trading of the shares of the Company will resume on 03.09.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 30.08.2018.
- 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 from 13.08.2018 to 29.08.2018. Trading of the shares of the Company will remain suspended on record date i.e., 30.08.2018.
- Dividend Declaration for 2017 and holding of AGMs for 2017 & 2018
Referring to their earlier news disseminated on 30.04.2018 regarding Audited accounts approval & deferral of dividend declaration for 2017, the Company has further informed that the Board of Directors has recommended no dividend for the year 2017. Date, time and venue of the suspended 24th AGM and ensuing 25th AGM: 27.09.2018 at 10:30 AM (24th AGM) and 12:00 Noon (25th AGM) in Trust Milonayaton, 545, Old Airport Road, Dhaka Cantonment Dhaka. (cont.) (Continuation news of FIRSTFIN): Record date for the 24th AGM: 23.05.2017 (same as before). Record date for 25th AGM: 30.08.2018. The company has also noted that the 24th AGM could not be held in stipulated time due to stay order of the Honorable High Court. Since the Stay Order has been expired, the 24th and 25th AGM would now be held on the same date subject to obtaining permission from the Honorable High Court. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (31.07.2018) following its corporate declaration.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.28) for April-June 2018 as against Tk. 0.35 for April-June 2017; EPS was Tk. (1.98) for January-June 2018 as against Tk. (0.47) for January-June 2017. NOCFPS was Tk. 6.13 for January-June 2018 as against Tk. (4.19) for January-June 2017. NAV per share was Tk. 8.89 as on June 30, 2018 and Tk. 13.03 as on June 30, 2017.
- Board Meeting schedule for Pending AGMs and Declaration of Dividend
The Company has further informed that a meeting of the Board of Directors will be held on July 30, 2018 at 4:00 PM to fix up the date, time, place and agenda of pending 24th and 25th Annual General Meeting (AGMs) and the declaration of dividend for the year 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 July 30, 2018 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, 2018.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (1.70) for January-March 2018 as against Tk. (0.83) for January-March 2017. NOCFPS was Tk. 2.39 for January-March 2018 as against Tk. (3.06) for January-March 2017. NAV per share was Tk. 9.17 as on March 31, 2018 and Tk. 10.88 as on December 31, 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 15, 2018 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2018.
- Audited accounts approval & deferral of dividend declaration for 2017
The Company has informed that the Board of Directors has approved the audited financial statements for the year ended on December 31, 2017. However, since holding of the 24th AGM and the issue of Dividend for the year 2016 are still under jurisdiction of Honorable High Court; the date, venue and time of 25th AGM along with any declaration of dividend for the year 2017 (cont.) (Continuation news of FIRSTFIN): will be announced after obtaining permission from the Honorable High Court. The Company has reported EPS of Tk. (2.62), NAV per share of Tk. 10.88 and NOCFPS of Tk. 2.60 for the year ended on December 31, 2017 as against Tk. 0.43, Tk. 13.50 and Tk. (8.80) respectively for the same period of the previous year. (end)
- 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 29, 2018 at 11:00 AM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2017.
- Elected Chairman
The Company has informed that Mr. Miah Nuruddin Ahmad Apu has been elected as the Chairman of the Company with immediate effect.
- Appointment of Managing Director & CEO
The Company has informed that Mr. Md. Nazrul Hossain has been appointed as the Managing Director and Chief Executive Officer of the Company with effect from January 18, 2018.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.