Generation Next Fashions Limited announcements
219 Dhaka Stock Exchange announcements for Generation Next Fashions Limited (GENNEXT) since 2012: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (21).
- Approval of 1% cash dividend instead of No Dividend
The Company has informed that the Board of Directors and Shareholders of the Company has approved 1% cash dividend instead of earlier declared No Dividend for the year ended June 30, 2022 in their 18th AGM held on December 12, 2022.
- The auditor of the Generation Next Fashions Limited has given the \"Emphasis of Matters\" paragraphs in the Auditor\'s R
The auditor of the Generation Next Fashions Limited has given the \"Emphasis of Matters\" paragraphs in the Auditor\'s Report for the year ended 30 June 2022. Emphasis of Matters: Without qualifying our opinion, we would like to draw the attention of the following matters: 1) The amount of inventories disclosed in note no. 05 of the Financial Position BDT 2,878,819,750 represents 81.66\% of Cost of Goods Sold. (cont.1)
- (Continuation news of GENNEXT): Valuation of these inventories is made by the company\'s management and as disclosed in
(Continuation news of GENNEXT): Valuation of these inventories is made by the company\'s management and as disclosed in Note no. 2.17, the company did not account for any write-down of inventory due to damage or obsolescence. As disclosed in Note 5 and 2.17. The closing balances of inventory includes significant amount of finished goods classified as \'deferred shipment\' according to the request from buyer. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of GENNEXT): These items will be delivered as soon as revised shipment dates are available. We would
(Continuation news of GENNEXT): These items will be delivered as soon as revised shipment dates are available. We would like to leave note that in-case of buyers give-up the shipment, the Net Realizable Value (NRV) of these finished goods under deferred shipment will fall by a remarkable amount. 2) The note no. 06 of the Financial Position disclosed BDT 1,777,616,161 for Accounts Receivable which is 43.12\% of Sales Revenue. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of GENNEXT): While testing existence and subsequent realization of trade receivables, we received ban
(Continuation news of GENNEXT): While testing existence and subsequent realization of trade receivables, we received bank certificates on proceeds realization of BDT 574,500,827 from Trust Bank Ltd., BDT 328,587,906 from Agrani Bank Ltd. and BDT 765,922,829 from South East Bank Ltd. The total realized amount from year end to 31 October is BDT 1,669,011,562 consist realization from Accounts Receivable as on 30 June 2022 (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of GENNEXT): and realization from sales during July to October 2022. Out of total realized amount of
(Continuation news of GENNEXT): and realization from sales during July to October 2022. Out of total realized amount of BDT 1,669,011,562, we could not identified the amount realized from Accounts Receivable as on 30 June 2022. 3) We refer to note no: 2.15, 21.2 & 22 regarding the non-compliance of IFRS 16 Leases. Note 2.15 IFRS 16 Lease: An entity shall assess a lease if the contract conveys the right to control the use of an identified asset (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of GENNEXT): for a period of time in exchange for consideration. In line with IFRS-16 Leases, an enti
(Continuation news of GENNEXT): for a period of time in exchange for consideration. In line with IFRS-16 Leases, an entity shall determine the lease term as the non-cancellable period of a lease together with both: i. Period covered by the option to extend the lease and; ii. Period covered by the option to terminate the lease. Initial measurement of right of use asset shall be measured at cost and subsequently either by fair value or follow revaluation model. (cont.6)
The first part of this announcement is missing from the archive. - Emphasis of Matters
(Continuation news of GENNEXT): IFRS 16 has not been applied by the company. Note 21.2 Factory Overhead: Total factory overhead from 01 July 2021 to 30 June 2022 was BDT 284,998,876 and from 01 July 2020 to 30 June 2021 was BDT 227,119,606. Note 21.2 Administrative & Selling Expenses: Total Administrative & Selling Expenses from 01 July 2021 to 30 June 2022 was BDT 292,457,286 and from 01 July 2020 to 30 June 2021 was BDT 287,299,519. (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the Company will resume on 20.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.01) for July-September 2022 as against Tk. (0.05) for July-September 2021; NOCFPS was Tk. 0.28 for July-September 2022 as against Tk. 0.01 for July-September 2021. NAV per share was Tk. 11.91 as on September 30, 2022 and Tk. 11.91 as on June 30, 2022.
- 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 November 14, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle from 14.11.2022 to 16.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022.
- Dividend Declaration
The Board of Directors has recommended No Dividend for the year ended June 30, 2022. Date of AGM: 12.12.2022, Time: 11:30 AM, Venue: Digital Platform, Record Date: 17.11.2022. The Company has reported EPS of Tk. 0.01, NAV per share of Tk. 11.91 and NOCFPS of Tk. 0.02 for the year ended June 30, 2022 as against Tk. 0.01 (Restated), Tk. 11.91(Restated) and Tk. (0.21) (Restated) 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 (30.10.2022) following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
- 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 October 27, 2022 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- WASO Credit Rating Company (BD) Ltd. (WCRCL) has announced the Surveillance entity rating of the Company as \"A3\" for l
WASO Credit Rating Company (BD) Ltd. (WCRCL) has announced the Surveillance entity rating of the Company as \"A3\" for long term and \"ST-3\" for short term along with a Stable outlook based on latest audited financial statements of the Company for FY2021 and other relevant qualitative and quantitative information up-to the date of the rating issuance.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.04 for January-March 2022 as against Tk. 0.03 for January-March 2021; EPS was Tk. 0.03 for July 2021-March 2022 as against Tk. (0.03) for July 2020-March 2021. NOCFPS was Tk. 0.04 for July 2021-March 2022 as against Tk. 0.25 for July 2020-March 2021. NAV per share was Tk. 11.93 as on March 31, 2022 and Tk. 11.91 as on June 30, 2021.
- 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 April 28, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.04 for October-December, 2021 as against Tk. 0.02 for October-December, 2020; EPS was Tk. (0.01) for July-December, 2021 as against Tk. (0.06) for July-December, 2020. NOCFPS was Tk. (0.03) for July-December, 2021 as against Tk. 0.41 for July-December, 2020. NAV per share was Tk. 11.89 as on December 31, 2021 and Tk. 11.91 as on June 30, 2021.
- 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 January 30, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.