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 2022 (36).
- Resumption after record date
Trading of the shares of the Company will resume on 21.12.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 20.12.2022.
- 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 18.12.2022 to 19.12.2022. Trading of the shares of the Company will remain suspended on record date i.e., 20.12.2022.
- The auditor of the Jamuna Oil Company Limited has given the \"Qualified Opinion\" & \"Emphasis of Matters\" paragraphs i
The auditor of the Jamuna Oil Company Limited has given the \"Qualified Opinion\" & \"Emphasis of Matters\" paragraphs in the Auditor\'s Report for the year ended 30 June 2022. Basis for Qualified Opinion: 1. The Company\'s Trade Receivables are carried forward amounting to taka 1,101,268,764. Out of which taka 134,578,955, taka 50,100,405 and taka 5,770,737 remaining as receivable from Power Development Board, (cont.1)
- (Continuation news of JAMUNAOIL): Bangladesh Chemical Industries Corporation and Chattogram City Corporation respectivel
(Continuation news of JAMUNAOIL): Bangladesh Chemical Industries Corporation and Chattogram City Corporation respectively since long time. The company made correspondences with parties to realize the outstanding balances but the amounts are yet to be realized (Note-09.00). 2. Property, Plant and Equipment have been carried forward without maintaining any comprehensive records. We could not obtain sufficient appropriate audit evidence relating to the location and (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of JAMUNAOIL): existence of opening carrying amount of Property, Plant and Equipment (Note-03.00 and
(Continuation news of JAMUNAOIL): existence of opening carrying amount of Property, Plant and Equipment (Note-03.00 and 03.01). 3. The Company owns total 59.9703 acres of freehold land valued at taka 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 possessed by Chittagong Dry Dock Ltd and 0.3859 acres of land acquired by the Chittagong Development Authority for (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of JAMUNAOIL): constructing airport road without payment of compensation to the company. The company
(Continuation news of JAMUNAOIL): constructing airport road without payment of compensation to the company. The company has no agreement with Chittagong Dry Dock Ltd for using possession although the company sent several reminders to Chittagong Dry Dock Ltd. 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 the said asset (Note-03.02). (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of JAMUNAOIL): Emphasis of Matters: Without qualifying our opinion, we draw attention to the followin
(Continuation news of JAMUNAOIL): Emphasis of Matters: Without qualifying our opinion, we draw attention to the following: i. No balance confirmation certificate has returned by the related party to verify the amount of taka (35,260, 154,726) of related party balance (Note-38.00). ii. Provident Fund Account of Jamuna Oil Company Limited for the year 2021-2022 is yet to be audited. So, no opinion could be passed on this issue. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of JAMUNAOIL): iii. While computing Gratuity liability, the requirement of IAS-19 about creating prov
(Continuation news of JAMUNAOIL): iii. While computing Gratuity liability, the requirement of IAS-19 about creating provision on the basis of Actuarial computation has not been followed. The company maintains an unfunded Gratuity scheme for its permanent employees in accordance with Gratuity rules and provision the balance of which stands taka 928,986,426 as on 30 June 2022. The Gratuity fund is yet to be recognized by the Income Tax Authority (Note -16.00). (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of JAMUNAOIL): iv. As per IAS -36, Para-09 \"An entity shall assess at the end of each reporting peri
(Continuation news of JAMUNAOIL): iv. As per IAS -36, Para-09 \"An entity shall assess at the end of each reporting period whether there is any indication that an asset may be impaired. If any such indication exists, the entity shall estimate the recoverable amount of the asset\". During the year under audit the company did not make any impairment test as per provision of IAS-36. (end)
The first part of this announcement is missing from the archive. - The Board of Directors has recommended 120\% cash dividend for the year ended June 30, 2022. Date of AGM: 28.01.2023, Ti
The Board of Directors has recommended 120\% cash dividend for the year ended June 30, 2022. Date of AGM: 28.01.2023, Time: 11:00 AM, Venue: Digital Platform; Record Date: 20.12.2022. The Company has also reported EPS of Tk. 16.87, NAV per share of Tk. 189.00 and NOCFPS of Tk. 101.43 for the year ended June 30, 2022 as against Tk. 18.24, Tk. 180.84 and Tk. 14.01 respectively for the same period of the previous year. (cont.)
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 5.98 for July-September 2022 as against Tk. 3.67 for July-September 2021; NOCFPS was Tk. 130.37 for July-September 2022 as against Tk. 18.98 for July-September 2021. NAV per share was Tk. 193.77 as on September 30, 2022 and Tk. 189.00 as on June 30, 2022.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (13.11.2022) 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.
- Dividend Declaration
(Continuation news of JAMUNAOIL): The Company has also informed that the reasons for deviation in EPS and NOCFPS: EPS decreased compared to previous year due to fall of interest income and NOCFPS increased compared to previous year due to less payment against creditors and accruals. (end)
The first part of this announcement is missing from the archive. - 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 10, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- 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 10, 2022 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 2.02 for January-March 2022 as against Tk. 3.01 for January-March 2021; EPS was Tk. 10.45 for July 2021-March 2022 as against Tk. 12.65 for July 2020-March 2021. NOCFPS was Tk. 42.77 for July 2020-March 2021 as against Tk. 87.67 for July 2020-March 2021. NAV per share was Tk. 180.99 as on March 31, 2022 and Tk. 180.84 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 27, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
- Change of the time of AGM
The Company has further informed that the 46th AGM of the Company will be held on March 12, 2022 at 1:30 PM virtually by using Digital Platform instead of earlier declared time of 3:00 PM on March 12, 2022. Other information of the AGM will remain unchanged.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 4.76 for October-December 2021 as against Tk. 5.57 for October-December 2020; EPS was Tk. 8.43 for July-December 2021 as against Tk. 9.64 for July-December 2020. NOCFPS was Tk. 11.21 for July-December, 2021 as against Tk. 85.22 for July-December, 2020. NAV per share was Tk. 190.92 as on December 31, 2021 and Tk. 180.84 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 31, 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.
- Resumption after record date
Trading of the shares of the Company will resume on 24.01.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 23.01.2022.
- 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 19.01.2022 to 20.01.2022. Trading of the shares of the Company will remain suspended on record date i.e., 23.01.2022.
- The auditor of the Jamuna Oil Company Limited has given the \"Qualified Opinion\" & \"Emphasis of matters\" paragraphs i
The auditor of the Jamuna Oil Company Limited has given the \"Qualified Opinion\" & \"Emphasis of matters\" paragraphs in the Auditor\'s Report for the year ended on 30 June, 2021. Basis for Qualified Opinion: 1) As disclosed in note-8 to the financial statements, the Company\'s Trade Receivables are carried forward amounting to Tk.1,077,462,693. Out of which Tk.134,578,955, Tk.50,100,405 and Tk.5,770,737 remaining as receivable from Power Development Board, (cont.1)
- (Continuation news of JAMUNAOIL): Bangladesh Chemical Industries Corporation and Chattogram City Corporation respectivel
(Continuation news of JAMUNAOIL): Bangladesh Chemical Industries Corporation and Chattogram City Corporation respectively since long time. The company made correspondences with parties to realize the outstanding balances but the amounts are yet to be realized. (Note-8). 2) Properly, Plant and Equipment have been carried forward without maintaining any comprehensive records. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of JAMUNAOIL): We could not obtain sufficient appropriate audit evidence relating to the location and
(Continuation news of JAMUNAOIL): 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 and 3.1). 3) The Company owns total 59.9703 acres of freehold land valued at BDT.2,78,49,084, 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 possessed by Chittagong Dry Dock Ltd (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of JAMUNAOIL): and 0.3859 acres of land acquired by the Chittagong Development Authority for construc
(Continuation news of JAMUNAOIL): and 0.3859 acres of land acquired by the Chittagong Development Authority for constructing airport road without payment of compensation to the company. The company has no agreement with Chittagong Dry Dock Ltd for using possession although the company sent several reminders to Chittagong Dry Dock Ltd. to execute lease agreement or to return the possession of the land. Eventually, (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of JAMUNAOIL): ii) The company did not strictly follow the implementation of Ministry of Finance\'s c
(Continuation news of JAMUNAOIL): ii) The company did not strictly follow the implementation of Ministry of Finance\'s circular no. 53.00.0000.331.22.001.20-18 dated 19.01.2020 in respect of keeping the company\'s fund between government and private owned banks as per proportion mentioned in the said circular (Note: 5.2, 6.1 & 10.3.1) iii) The requirement of IFRS-16 has not been complied with in respect of accounting of leasehold land valuing Tk. 10,191, 301 as disclosed in note 2.5 (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of JAMUNAOIL): and note 3.1 of the financial statements. iv) While computing Gratuity liability, the
(Continuation news of JAMUNAOIL): and note 3.1 of the financial statements. iv) While computing Gratuity liability, the requirement of IAS-19 about creating provision on the basis of Actuarial computation has not been followed. The company maintains an unfunded Gratuity scheme for its permanent employees in accordance with Gratuity rules and provision the balance of which stands Tk.900,614,691 as on 30 June 2021. v) As per IAS-36, Para-09 (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of JAMUNAOIL): \"An entity shall assess at the end of each reporting period whether there is any indi
(Continuation news of JAMUNAOIL): \"An entity shall assess at the end of each reporting period whether there is any indication that an asset may be impaired. If any such indication exists, the entity shall estimate the recoverable amount of the asset\". During the year under audit the company did not make any impairment test as per provision of IAS-36. (end)
The first part of this announcement is missing from the archive. - Qualified Opinion & Emphasis of matters
(Continuation news of JAMUNAOIL): the Company is deprived economic benefit that could have been generated from said asset (Note-3.2). Emphasis of Matters: Without qualifying our opinion, we draw attention to the following: i) No balance confirmation certificate has returned by the related party to verify the amount of BDT (23,817,850,802) of related party balance. (Note- 34.00). (cont.5)
The first part of this announcement is missing from the archive. - Dividend Declaration
The Board of Directors has recommended 120% cash dividend for the year ended on June 30, 2021. Date of AGM: 12.03.2022, Time: 3:00 PM, Venue: Digital Platform; Record Date: 23.01.2022. The Company has also reported EPS of Tk. 18.24, NAV per share of Tk. 180.84 and NOCFPS of Tk. 14.01 for the year ended on June 30, 2021 as against Tk. 18.13, Tk. 161.40 and Tk. 20.38 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 (02.01.2022) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 3.67 for July-September 2021 as against Tk. 4.07 for July-September 2020; NOCFPS was Tk. 18.98 for July-September 2021 as against Tk. 39.98 for July-September 2020. NAV per share was Tk. 193.42 as on September 30, 2021 and Tk. 180.84 as on June 30, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.