Jamuna Oil Company Limited announcements
290 Dhaka Stock Exchange announcements for Jamuna Oil Company Limited (JAMUNAOIL) since 2008: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (12).
- Qualified Opinion
(Qualified Opinion): The auditor of the company has given the following "Qualified Opinion" in the audit report of the company for the year ended on 30 June 2018: Basis for Qualified Opinion: i) The Company's Trade Receivables are carried forward in the statement of financial position amounting to Tk. 1,763,198,937. Out of which Tk. 134,579,366, Tk. 50,140,000 and Tk. 5,771,000 have been remaining as receivable from Power Development Board, (cont. 1) (Continuation news of JAMUNAOIL): Other Matter: The financial statements of Jamuna Oil Company Limited for the year ended 30 June 2017 were audited by another auditor who expressed a qualified opinion on 11 November 2017. (end) (Continuation news of JAMUNAOIL): of compensation to the company. The company has no agreement with Chittagong Dry Dock Limited for using possession although the company sent several reminders to Chittagong Dry Dock Limited to execute lease agreement or to return the possession of the land. Eventually, the company is deprived of economic benefit that could have been generated from said asset (Note-3). (cont. 5) (Continuation news of JAMUNAOIL): iii) The company has total 59.144 acres of freehold land valued at BDT 27,849,084, out of which land measuring 2.30 acres are yet to be registered in the name of the company. Out of the freehold land, land measuring 1.7116 acres and 0.51 acres are possessed by Chittagong Dry Dock and 3 (three) filling stations respectively. Further, 0.3859 acres of land has already been acquired by the Chittagong Development Authority for constructing Airport road without payment (cont. 4) (Continuation news of JAMUNAOIL): Management was unable to provide adequate evidence relating to other customers and basis of provision for doubtful debts. (Note- 10.01) ii) Property, plant and equipment of Tk. 1,629,139,129 has been carried forward without maintaining any comprehensive records. We could not obtain sufficient appropriate audit evidence relating to the location and existence of opening carrying amount of property, plant and equipment. (Note-3) (cont. 3) (Continuation news of JAMUNAOIL): Bangladesh Chemical Industries Corporation and Chittagong City Corporation respectively since long time. The company made correspondences with the parties to realize the long outstanding balances but the amounts are yet to be realized. Further, the company netted off Tk. 6,879,541 of advance/payable to other customers with trade receivables. (cont. 2)
- Dividend Declaration
The Board of Directors has recommended 130% cash dividend for the year ended on June 30, 2018. Date of AGM: 02.02.2019, Time: 11:00 AM, Venue: International Convention Centre, 289 Chatteshwari Road, Kazir Dewri, Chattogram. Record Date: 27.12.2018. The Company has also reported EPS of Tk. 25.45, NAV per share of Tk. 170.34 and NOCFPS of Tk. (51.23) for the year ended on June 30, 2018 as against Tk. 20.31, Tk. 166.98 and Tk. (24.55) 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 (15.11.2018) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 6.29 for July-September, 2018 as against Tk. 5.22 for July-September, 2017; NOCFPS was Tk. 25.61 for July-September, 2018 as against Tk. 27.22 for July-September, 2017. NAV per share was Tk. 176.15 as on September 30, 2018 and Tk. 170.34 as on June 30, 2018.
- 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, 2018 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- 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 November 14, 2018 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 5.09 for January-March, 2018 as against Tk. 3.17 for January-March, 2017; EPS was Tk. 17.17 for July 2017-March 2018 as against Tk. 15.63 for July 2016-March 2017. NOCFPS was Tk. 57.20 for July 2017-March 2018 as against Tk. 31.08 for July 2016-March 2017. NAV per share was Tk. 162.31 as on March 31, 2018 and Tk. 158.90 as on March 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 April 23, 2018 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Dividend Disbursement
The Company has informed that it has disbursed Cash Dividend for the year ended on June 30, 2017 to the respective shareholders.
- Qualified Opinion
Qualified Opinion: The auditor of the company has given the following "Qualified Opinion" Paragraph in the audit report of the company for the year ended on 30 June 2017: Basis for Qualified Opinion: i. No balance confirmation certificate was produced to us to verify the balance outstanding with respective debtors (note 8.1). ii. While Chittagong Dry Dock Ltd. was in the possession of 2.10 acres land owned (cont. 1) (Continuation news of JAMUNAOIL): on 08.06.2015. The Company is communicating either to return the land or to sing a rental agreement for this land. The fate of 0.51 acres land occupied by three filling stations is uncertain, as the company officials cannot locate these lands (note 2.3). (end) (Continuation news of JAMUNAOIL): by the Company the Chittagong Development Authority constructed Airport road on 0.3859 acres land without paying any compensation to the Company. For the balance 1.7116 (74,558 sft.) acres land Company received Tk. 279,592 on account of rent of the land for the period from 01.07.2012 to 31.12.2014 (cont. 2)
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 6.85 for October-December, 2017 as against Tk. 6.03 for October-December, 2016; EPS was Tk. 12.08 for July-December, 2017 as against Tk. 12.46 for July-December, 2016. NOCFPS was Tk. 38.03 for July-December, 2017 as against Tk. 31.49 for July-December, 2016. NAV per share was Tk. 172.25 as on December 31, 2017 and Tk. 167.96 as on December 31, 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 January 24, 2018 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.