Lub-rref (Bangladesh) PLC. announcements
110 Dhaka Stock Exchange announcements for Lub-rref (Bangladesh) PLC. (LRBDL) since 2021: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (19).
- Resumption after Record Date
Trading of the shares of the company will resume on 24.11.2024.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 21.11.2024.
- 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 18.11.2024 to 20.11.2024. Trading of the shares of the company will remain suspended on record date i.e., 21.11.2024.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.48) for July-September, 2024 as against Tk. 0.13 for July-September, 2023. NOCFPS was Tk. 1.05 for July-September, 2024 as against Tk. 0.17 for July-September, 2023. NAV per share (with revaluation) was Tk. 36.95 as on September 30, 2024 and Tk. 37.42 as on June 30, 2024, NAV per share (without revaluation) was Tk. 32.97 as on September 30, 2024 and Tk. 33.44 as on June 30, 2024. (cont.1) (Continuation news of LRBDL): 3. Market Competition and Demand Slowdown: Economic downturn and intense competition from local and international brands have impacted market share and sales. It is mentionable that a query letter will be sent to the company since they have submitted the Price Sensitive Information (PSI) during trading session. (end) (Continuation news of LRBDL): Reasons for Declining Revenue and Profitability: 1. LC Issues: Difficulties in opening Letters of Credit (LCS) have disrupted the import of essential raw materials, affecting production efficiency. 2. Increased Financial Costs: Currency depreciation and rising interest rates have inflated costs, reducing profitability and operational capacity. (cont.2)
- The Board of Directors has recommended 1.00\% Cash Dividend for the year ended June 30, 2024. Date of AGM: 26.12.2024, T
The Board of Directors has recommended 1.00\% Cash Dividend for the year ended June 30, 2024. Date of AGM: 26.12.2024, Time: 12:00 PM, Venue: Hybrid System (Will be notified later); AGM Link: https://lrbdl22.digitalagmbd.net. Record Date: 21.11.2024. The Company has also reported EPS of Tk. (0.74), NAV per share with revaluation of Tk. 37.42, (cont.)
- Dividend Declaration
(Cont. news of LRBDL): NAV per share without revaluation of Tk. 33.44 and NOCFPS of Tk. 3.04 for the year ended June 30, 2024 as against Tk. 1.41, Tk. 38.36, Tk. 34.35 and Tk. 1.99 respectively for the year ended June 30, 2023. (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 (30.10.2024) following its corporate declaration.
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has assigned the rating of the Company as "BB+" in the long term and "ST-5" in the short term along with Stable outlook in consideration of its audited financials up to June 30, 2023 also unaudited financial up to March 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- 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 29, 2024 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- Category Change
The Company will be placed in 'Z' category from existing 'B' category with effect from September 26, 2024 as per provision 1(e) of BSEC Order No. BSEC/CMRRCD/2009-193/77, dated May 20, 2024.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Lub-rref (Bangladesh) Limited with effect from September 26, 2024 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.28 for July 2023-March 2024 as against Tk. 1.51 for July 2022-March 2023. NOCFPS was Tk. 1.52 for July 2023-March 2024 as against Tk. 2.90 for July 2022-March 2023. NAV per share (with revaluation) was Tk. 38.44 as on March 31, 2024 and Tk. 38.36 as on June 30, 2023 and NAV per share (without revaluation) was Tk. 34.45 as on March 31, 2024 and Tk. 34.35 as on June 30, 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 April 29, 2024 at 04:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- (Q2 Un-audited): Refer to the earlier news of the Company disseminated by DSE on 18.02.2024, the Company has further inf
(Q2 Un-audited): Refer to the earlier news of the Company disseminated by DSE on 18.02.2024, the Company has further informed that EPS was Tk. 0.12 for October-December 2023 as against Tk. 0.50 for October-December 2022. (cont.1)
- (Continuation news of LRBDL): Reasons for Deviation in EPS: EPS has been decreased as access to foreign currency proved
(Continuation news of LRBDL): Reasons for Deviation in EPS: EPS has been decreased as access to foreign currency proved to be a major constriction, and Business Units were forced to make portfolio choices to best satisfy the customer needs whilst managing profitability. Due to the challenges, the Comapny was unable to benefit from the normal trade and credit terms, which resulted in a significant fall in sales revenue during the period under consideration. The extreme falls in business performance (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of LRBDL): was caused by the non-cooperation from the Corporate Lead Bankers for L/C Financing. Durin
(Continuation news of LRBDL): was caused by the non-cooperation from the Corporate Lead Bankers for L/C Financing. During the period of non-cooperation from L/C Financing Bank, the Company was to purchase raw materials from the local market at exorbitant prices rendering the products uncompetitive and unsold stock of lot of finished goods. Continuous fall of transportation business being a niece market very slow sales turnover was experienced. (cont.3)
The first part of this announcement is missing from the archive. - Q2 Financials
(Continuation news of LRBDL): The competitive Lubricants market also manifested the same experience. (end)
The first part of this announcement is missing from the archive. - Half-Yearly Financials
(Half-Yearly Un-audited): EPS was Tk. 0.25 for July-December 2023 as against Tk. 1.05 for July-December 2022. NOCFPS was Tk. 1.40 for July-December 2023 as against Tk. 1.80 for July-December 2022. NAV per share (with revaluation) was Tk. 38.41 as on December 31, 2023 and Tk. 38.36 as on June 30, 2023. NAV per share (without revaluation) was Tk. 34.41 as on December 31, 2023 and Tk. 34.35 as on June 30, 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 February 15, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.