Jute Spinners Limited announcements
281 Dhaka Stock Exchange announcements for Jute Spinners Limited (JUTESPINN) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (20).
- Resumption after record date
Trading of the shares of the Company will resume on 28.11.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2021.
- 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 22.11.2021 to 24.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2021.
- (Continuation news of JUTESPINN): b) Deferred Tax: Wrong recognition of deferred tax: As per paragraph 24 of IAS 12: \"I
(Continuation news of JUTESPINN): b) Deferred Tax: Wrong recognition of deferred tax: As per paragraph 24 of IAS 12: \"Income Tax\" - \"A deferred tax asset shall be recognized for all deductible temporary difference to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized, unless the deferred tax asset arises from the initial recognition of an asset or liability in a transaction that: (cont.22)
The first part of this announcement is missing from the archive. - (Continuation news of JUTESPINN): (a) is not a business combination; and (b) at the time of the transaction, affects nei
(Continuation news of JUTESPINN): (a) is not a business combination; and (b) at the time of the transaction, affects neither accounting profit nor taxable profit (tax loss)\". But the company has recognized deferred tax assets though the company has no taxable profit which is not in line with paragraph 24 of IAS 12: \"Income Tax\". 10. Liabilities for Other Finance and Liabilities for Expenses: Balances are carried forward from year to year that is remaining unadjusted in the financial statements (cont.23)
The first part of this announcement is missing from the archive. - (Continuation news of JUTESPINN): for a long time. Expenses are charged and added with carried forwarded balances under
(Continuation news of JUTESPINN): for a long time. Expenses are charged and added with carried forwarded balances under Liabilities for expenses from year to year. Non-payment of expenses under several heads i.e. salary & wages, rents, utilities, repair maintenance, travelling conveyance and other general expenses, for a long time are unusual and doubtful. Whether the expenditures charged and provisioned for have any authenticity could not be justified by the company. (cont.24)
The first part of this announcement is missing from the archive. - (Continuation news of JUTESPINN): Other Matters: 1) The financial statements of the company for the year ended June 30,
(Continuation news of JUTESPINN): Other Matters: 1) The financial statements of the company for the year ended June 30, 2020 were audited by another auditor, who through their report dated October 28, 2020 expressed qualified opinion on those statements and we observed that those points have remained unattended. 2) World Health Organization (WHO) declared a global pandemic due to Corona Virus called as COVID-19. (cont.25)
The first part of this announcement is missing from the archive. - (Continuation news of JUTESPINN): It has a big impact on imports, other procurement, production, export, and other activ
(Continuation news of JUTESPINN): It has a big impact on imports, other procurement, production, export, and other activities of the Global business. As a result, all business and economic activities are adversely affected. The company has not given any disclosures related to the impact of the Covid-19 Pandemic and as the company has no operation during the period under audit, we have insufficient information to assess the impact of COVID-19 on the company. (cont.26)
The first part of this announcement is missing from the archive. - Adverse Opinion & Other Matters
(Continuation news of JUTESPINN): 3) The company's shares are traded in the Dhaka Stock Exchange (DSE). As at 30 June, 2021, the last trading price was at Tk. 121.90 per share. A hike in share price was reported during mid of September, 2021 which was unusual in comparison to the current status of the company. The management could not provide us any information related to price sensitive information during the period of our audit that could indicate the hike in share price. (end)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): EPS was Tk. (10.83) for July-September 2021 as against Tk. (11.16) for July-September 2020; NOCFPS was Tk. 0.00 for July-September 2021 as against Tk. 0.00 for July-September 2020. NAV per share was Tk. (404.41) as on September 30, 2021 and Tk. (360.14) as on September 30, 2020.
- 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 06, 2021 at 11:00 AM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (01.11.2021) for following its corporate declaration.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended on June 30, 2021. Record Date: 25.11.2021. Date, Time and Venue of the AGM will be notified later on after receipt of permission from the High Court for 38th, 39th, 40th and 41st AGM. The Company has also reported EPS of Tk. (44.59), NAV per share of Tk. (393.57) and NOCFPS of Tk. (0.00) for the year ended on June 30, 2021 as against Tk. (45.43), Tk. (348.99) and Tk. (0.72) respectively for the same period of the previous year.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that, the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on October 31, 2021 at 7:00 PM instead of October 26, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
- 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 26, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021
- Query Response
In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.
- Query Response
In response to a DSE query dated July 18, 2021, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (11.51) for January-March 2021 as against Tk. (10.95) for January-March 2020; EPS was Tk. (33.83) for July 2020-March 2021 as against Tk. (32.20) for July 2019-March 2020. NOCFPS was Tk. (0.16) for July 2020-March 2021 as against Tk. (0.72) for July 2019-March 2020. NAV per share was Tk. (382.81) as on March 31, 2021 and Tk. (348.99) as on June 30, 2020.
- 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 22, 2021 at 11:00 AM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 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, 2021 at 11:00 AM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.