LankaBangla Finance PLC. announcements
483 Dhaka Stock Exchange announcements for LankaBangla Finance PLC. (LANKABAFIN) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (30).
- Bangaldesh Bank 's consent for changes in Memorandum and AoA
The company has informed that Bangladesh Bank has given its consent to make necessary amendments (as approved by the shareholders of the Company) in the Memorandum & Articles of Association of LankaBangla Finance PLC in order to proceed with introduction of Islamic Shariah based financing. However, as per instructions of Bangladesh Bank the following clause will have to be included in clause no. 160 of the Articles of Association of the Company: Clause approved by Bangladesh Bank - Clause no. 160: (cont.) (Cont. news of LANKABAFIN): The remuneration of the members of the Shariah Supervisory Committee shall from time to time be determined by the Board of Directors. The members may also be paid all traveling, hotel and other expenses that may be incurred by them in connection with the tasks of the Committee. Such remuneration and associated expenses must comply with the applicable regulations issued by the regulatory authority from time to time. (end)
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2023 to the respective shareholders.
- (Q3 Un-audited): Consolidated EPS was Tk. 0.46 for July-September 2024 as against Tk. 0.07 for July-September 2023; Cons
(Q3 Un-audited): Consolidated EPS was Tk. 0.46 for July-September 2024 as against Tk. 0.07 for July-September 2023; Consolidated EPS was Tk. 0.67 for January-September 2024 as against Tk. 0.39 for January-September 2023. Consolidated NOCFPS was Tk. 5.00 for January-September 2024 as against Tk. 3.43 for January-September 2023. Consolidated NAV per share was Tk. 18.48 as on September 30, 2024 and Tk. 18.82 as on December 31, 2023. (Cont.1)
- (Cont. news of LANKABAFIN): Reasons for deviation in EPS, NOCFPS and NAVPS: EPS has been increased mainly increased of n
(Cont. news of LANKABAFIN): Reasons for deviation in EPS, NOCFPS and NAVPS: EPS has been increased mainly increased of net interest income, income from investment and Commission, Exchange and Brokerage Income from the previous corresponding period. NOCFPS has been increased from 3.43 in YTD September 2023 to 5.00 in the same period of 2024. The main reason is the settlement and recovery of loan BDT 4,915,345,353. (Cont.2)
The first part of this announcement is missing from the archive. - Q3 Financials
(Cont. news of LANKABAFIN): Overall net cash flows from/(used in) Operating Activities increased by BDT 847,933,189 during YTD September 2024 compared to YTD September 2023.. NAVPS has been decreased due to decrease of Retained earnings. (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 October 24, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- Confirmation of Share Transfer by a Sponsor Director
The company has informed that Mr. Mahbub Ul Anam, a Sponsor Director of the company, has completed his transfer of 10,800,000 shares of the company to his son Mr. Abrar Anam Chowdhury (a general shareholder of the company) by way of gift outside the trading system of the Exchange as per declaration news disseminated by DSE on 25.09.2024.
- Declaration of Share Transfer by a Sponsor Director
Mr. Mahbub Ul Anam, a Sponsor Director of the company, has expressed his intention to transfer 10,800,000 shares of the company to his son Mr. Abrar Anam Chowdhury (a general shareholder of the company) by way of gift outside the trading system of the Exchange within October 31, 2024 with effect from September 24, 2024.
- Resumption after record date
Trading of the shares of the company will resume on 19.09.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 18.09.2024 for EGM.
- Spot for EGM
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 15.09.2024 to 17.09.2024 and trading of the shares will remain suspended on record date i.e., 18.09.2024 for EGM.
- Resumption after Record Date
Trading of the shares of the company will resume on 05.09.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 04.09.2024.
- 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 with cum benefit from 02.09.2024 to 03.09.2024 and trading of the shares will remain suspended on record date i.e., 04.09.2024.
- The company has informed that the Board of Directors of the Company in its meeting held on August 25, 2024 has decided t
The company has informed that the Board of Directors of the Company in its meeting held on August 25, 2024 has decided to commence the Islamic Shariah-based financing business under the Islamic Finance window, subject to the approval of relevant regulatory authorities. The operation of Shariah-based financing business will be run simultaneously with the existing operations of the company. The Board of Directors has also decided to include and/or amend the relevant clauses of the Memorandum & (cont.)
- Decision to commence Islamic Shariah-based financing business
(Continuation News of LANKABAFIN): Articles of Association of the Company subject to approval of the regulatory authorities and the shareholders of the Company (through holding EGM) to include the Islamic Shariah-based financing business under the Islamic Finance window. Relevant information of the EGM is as follows: Date and Time of 13th EGM: October 14, 2024 at 11:00 AM. Record Date of 13th EGM: September 18, 2024. Medium: Digital platform (end)
The first part of this announcement is missing from the archive. - Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has assigned rating of the Company as "AA3" in the long term and "ST-2" in the short term along with Stable outlook in consideration of its audited financial statements as of December 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Emphasis of Matter
The auditor of the company has given the "Emphasis of Matter" paragraph in the Auditor's Report of the company for the year ended December 31, 2023. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/August/LankaBangla%20Finance-%202023.pdf
- The Board of Directors has recommended 10\% Cash Dividend for the year ended December 31, 2023. Date of AGM: 29.09.2024,
The Board of Directors has recommended 10\% Cash Dividend for the year ended December 31, 2023. Date of AGM: 29.09.2024, Time: 11:00 AM, Venue: Digital Platform. Record Date: 04.09.2024. The Company has also reported Consolidated EPS of Tk. 0.70, Consolidated NAV per share of Tk. 18.82 and Consolidated NOCFPS of Tk. 1.21 for the year ended December 31, 2023 as against Tk. 1.21, Tk. 20.02 and Tk. (12.59) respectively for the year ended December 31, 2022. (cont.1)
- (Continuation news of LANKABAFIN): Reasons for deviation in EPS, NOCFPS and NAVPS: The main reasons for decrease in EPS,
(Continuation news of LANKABAFIN): Reasons for deviation in EPS, NOCFPS and NAVPS: The main reasons for decrease in EPS, among others, are reduction of interest income caused by the imposition of rate cap by regulators that was not imposed during the year and slightly deteriorated assets quality due to post COVID-19 impact and Russia-Ukraine war and increase of interest expenses because of realized foreign exchange loss. (cont.2)
The first part of this announcement is missing from the archive. - (Q2 Un-audited): Consolidated EPS was Tk. 0.05 for April-June 2024 as against Tk. 0.17 for April-June 2023; Consolidated
(Q2 Un-audited): Consolidated EPS was Tk. 0.05 for April-June 2024 as against Tk. 0.17 for April-June 2023; Consolidated EPS was Tk. 0.20 for January-June 2024 as against Tk. 0.32 for January-June 2023. Consolidated NOCFPS was Tk. 0.14 for January-June 2024 as against Tk. 1.42 for January-June 2023. Consolidated NAV per share was Tk. 19.02 as on June 30, 2024 and Tk. 18.82 as on December 31, 2023. Reasons for deviation in EPS, NOCFPS and NAVPS: (cont.1)
- (Cont. news of LANKABAFIN): EPS slightly reduced by 0.12 basis points from 0.32 in YTD June 2023 to 0.20 in YTD June 202
(Cont. news of LANKABAFIN): EPS slightly reduced by 0.12 basis points from 0.32 in YTD June 2023 to 0.20 in YTD June 2024, mainly because of decreased income from share investments, and fee, exchange, and brokerage income and increased operating expenses from the previous corresponding period. NOCFPS is reduced from 1.42 in YTD June 2023 to 0.14 in the same period of 2024. Due to disbursement and settlement of deposits increased. (cont.2)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of LANKABAFIN): The main reason for increase in NOCFPS, among others, is relatively less loan disbursement resulting in lower cash outflows than the previous year. NAV decreased due to the sale of shares of subsidiaries and disbursement of dividends. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (13.08.2024) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.15 for January-March 2024 as against Tk. 0.15 for January-March 2023. Consolidated NOCFPS was Tk. 1.35 for January-March 2024 as against Tk. (0.22) for January-March 2023. Consolidated NAV per share was Tk. 18.97 as on March 31, 2024 and Tk. 18.82 as on December 31, 2023. NOCFPS has been increased mainly due to relatively increased deposits from customers and increased received from investments income than the previous period.
- Q2 Financials
(Cont. news of LANKABAFIN): Also, cash generated from operations decreased and increase payment of income tax payment during YTD June 2024 compared to YTD June 2023. NAVPS increased by 1% to reach 19.02 at the YTD June 2024 compared to the same period of 2023 due to addition of current period profit. (end)
The first part of this announcement is missing from the archive. - 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 August 12, 2024 at 03:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
- 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 August 12, 2024 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024 and Second Quarter (Q2) period ended June 30, 2024.
- Regarding acting Managing Director of the company
The company has informed that the Board of Directors of the company has decided to assign the charge of the Managing Director to Mr. A.K.M. Kamruzzaman FCMA, SEVP and Head of Operations of the company for a period of 3 (three) months with effect from the close of business of the company from May 20, 2024.
- Board approval for listing of Non-Conver. Zero-Coupon Bond on ATB
The company has informed that in compliance with the conditions of Bangladesh Securities and Exchange Commission, the Board of Directors of the company in its 149th meeting held on 12 February 2024 has approved listing of the Non-Convertible Zero-Coupon Bond (3rd Issue) of BDT 3,000 million in face value on the Alternative Trading Board (ATB) of Dhaka Stock Exchange PLC.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.