Maksons Spinning Mills PLC. announcements
330 Dhaka Stock Exchange announcements for Maksons Spinning Mills PLC. (MAKSONSPIN) since 2009: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2014 (16).
- Q3 Earnings
(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th June 2014 (April'14 to June'14), the Company has reported profit after tax of Tk. 34.25 million with EPS of Tk. 0.16 as against Tk. 46.15 million and Tk. 0.21 (restated) respectively for the same period of the previous year. Whereas profit after tax was Tk. 143.50 million with EPS of Tk. 0.66 for the period of nine months (Oct'13 to June'14) ended on 30.06.2014 as against Tk. 85.15 million and Tk. 0.39 (restated) respectively for the same period of the previous year.
- expand credit and open unit-2
The Southeast Bank Limited, Principal Branch has approved the company's proposal to extend L/C opening facility worth Tk. 161.15 crore (360 days UPAS L/C Tk. 140.00 crore +sight L/C 21.15 crore) at nil margin to import capital machinery covered by lien of right issue fund of Tk. 140.00 crore preserved with Southeast Bank Ltd., Uttara Branch with a fresh term loan limit of Tk. 33.15 crore (US$ 2.712 million Foreign Currency Term Loan equivalent to Tk. 21.15 crore + Local Term Loan Tk. 12.00 crore) for setting up 100% export oriented 52,800 spindle capacity ring spinning new unit (i.e. unit-2) adjacent to the existing unit. The total project cost of the proposed unit-2 is estimated of Tk. 238.15 crore out of which the residual fund of right issue of Tk. 162.11 crore fully be utilized. Southeast Bank Ltd. will finance Tk. 33.15 crore and rest Tk. 43.15 crore will be prepared from the company's own source on as and when required basis, (3) 2 (two) nos of L/C's worth Tk. 30.00 crore (a. US$ 1,500,000+ b. CHF 2,120,000) for the import of the capital machinery (05 nos of G35616, 1030 KW capacity USA origin caterpillar Gas Generator and 01 Line Blow Room, 10 nos Carding M/C, 03 nos Finisher Draw Frame and 03 nos Breaker Draw Frame Ricter Switzerland and Germany origin) have already been opened on urgent basis considering shipment schedule. The rest L/C's for the import of capital machinery will be opened in course of time considering shipment schedule as advised by the consultant, (4) The Titas Gas Transmission & Distribution Co. Limited has awarded the company with Demand Note for the enhancement of load capacity 5MW (61800 CFT per hour) of gas connection in addition to existing capacity to run 52800 spindle capacity new spinning unit. The civil construction for new factory building is going on smoothly and The estimated production and turnover of 100% export oriented 52800 spindle new spinning unit (unit-2) will be 1,15,50,000 Kg yarn and US$ 4,15,80,000 equivalent to Tk. 3,24,32,40,000 per annum respectively in addition to the company's existing unit. Thus the annual estimated total production and turnover of the company will be 1,90,75,000 Kg yarn and US$ 6,86,70,000 equivalent to Tk. 5,35,62,60,000 per annum respectively. The profitability of the company will also be increased remarkably on completion of implementation of the unit-2.
- The Company has informed the following: (1) The Southeast Bank Limited, Principal Branch has approved the company's prop
The Company has informed the following: (1) The Southeast Bank Limited, Principal Branch has approved the company's proposal to extend L/C opening facility worth Tk. 161.15 crore (360 days UPAS L/C Tk. 140.00 crore +sight L/C 21.15 crore) at nil margin to import capital machinery covered by lien of right issue fund of Tk. 140.00 crore preserved with Southeast Bank Ltd., Uttara Branch with a fresh term loan limit of Tk. 33.15 crore (US$ 2.712 million Foreign Currency Term Loan equivalent to Tk. 21.15 crore + Local Term Loan Tk. 12.00 crore) for setting up 100% export oriented 52,800 spindle capacity ring spinning new unit (i.e. unit-2) adjacent to the existing unit, (cont.-1)
- (continuation of news of MAKSONSPIN): (2) The total project cost of the proposed unit-2 is estimated of Tk. 238.15 crore
(continuation of news of MAKSONSPIN): (2) The total project cost of the proposed unit-2 is estimated of Tk. 238.15 crore out of which the residual fund of right issue of Tk. 162.11 crore fully be utilized. Southeast Bank Ltd. will finance Tk. 33.15 crore and rest Tk. 43.15 crore will be prepared from the company's own source on as and when required basis, (3) 2 (two) nos of L/C's worth Tk. 30.00 crore (a. US$ 1,500,000+ b. CHF 2,120,000) for the import of the capital machinery (05 nos of G35616, 1030 KW capacity USA origin caterpillar Gas Generator and 01 Line Blow Room, 10 nos Carding M/C, 03 nos Finisher Draw Frame and 03 nos Breaker Draw Frame Ricter Switzerland and Germany origin) have already been opened on urgent basis considering shipment schedule. (cont.-2)
The first part of this announcement is missing from the archive. - (continuation of news of MAKSONSPIN): The rest L/C's for the import of capital machinery will be opened in course of tim
(continuation of news of MAKSONSPIN): The rest L/C's for the import of capital machinery will be opened in course of time considering shipment schedule as advised by the consultant, (4) The Titas Gas Transmission & Distribution Co. Limited has awarded the company with Demand Note for the enhancement of load capacity 5MW (61800 CFT per hour) of gas connection in addition to existing capacity to run 52800 spindle capacity new spinning unit. The civil construction for new factory building is going on smoothly and (cont.-3)
The first part of this announcement is missing from the archive. - (continuation of news of MAKSONSPIN): (5) The estimated production and turnover of 100% export oriented 52800 spindle ne
(continuation of news of MAKSONSPIN): (5) The estimated production and turnover of 100% export oriented 52800 spindle new spinning unit (unit-2) will be 1,15,50,000 Kg yarn and US$ 4,15,80,000 equivalent to Tk. 3,24,32,40,000 per annum respectively in addition to the company's existing unit. Thus the annual estimated total production and turnover of the company will be 1,90,75,000 Kg yarn and US$ 6,86,70,000 equivalent to Tk. 5,35,62,60,000 per annum respectively. The profitability of the company will also be increased remarkably on completion of implementation of the unit-2. (end)
The first part of this announcement is missing from the archive. - (H/Y): As per un-audited half yearly accounts as on 31.03.2014 (Oct'13 to March'14), the Company has reported net profit
(H/Y): As per un-audited half yearly accounts as on 31.03.2014 (Oct'13 to March'14), the Company has reported net profit after tax of Tk. 109.25 million with EPS of Tk. 0.51 as against Tk. 39.22 million and Tk. 0.18 (restated) respectively for the same period of the previous year. Whereas net profit after tax was Tk. 74.12 million with EPS of Tk. 0.34 for the period of 3 months (Jan'14 to March'14) ended on 31.03.2014 as against Tk. 34.07 million and Tk. 0.16 (restated) respectively for the same period of the previous year.
- The Company has informed that it has credited the bonus shares for the year ended on September 30, 2013 to the respectiv
The Company has informed that it has credited the bonus shares for the year ended on September 30, 2013 to the respective shareholders' BO Accounts on April 08, 2014.
- Normal trading of the shares of the Company will resume on 17.02.2014 after record date.
Normal trading of the shares of the Company will resume on 17.02.2014 after record date.
- Q1 Earnings
As per un-audited quarterly accounts for the 1st quarter ended on 31st December 2013 (Oct'13 to Dec'13), the Company has reported net profit after tax of Tk. 35.13 million with basic EPS of Tk. 0.17 as against Tk. 5.16 million and Tk. 0.03 respectively for the same period of the previous year. However, considering proposed bonus share @ 5% for the year 2013, restated basic EPS will be Tk. 0.16 as on 31.12.2013 and Tk. 0.02 as on 31.12.2012.
- (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st December 2013 (Oct'13 to Dec'13), the Compa
(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st December 2013 (Oct'13 to Dec'13), the Company has reported net profit after tax of Tk. 35.13 million with basic EPS of Tk. 0.17 as against Tk. 5.16 million and Tk. 0.03 respectively for the same period of the previous year. However, considering proposed bonus share @ 5% for the year 2013, restated basic EPS will be Tk. 0.16 as on 31.12.2013 and Tk. 0.02 as on 31.12.2012.
- Trading of the shares of the Company will remain suspended on record date i.e., 16.02.2014.
Trading of the shares of the Company will remain suspended on record date i.e., 16.02.2014.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 11.02.2014 to 13.02.2014. Trading of the shares of the Company will remain suspended on record date i.e., 16.02.2014.
- The Board of Directors has recommended 5% stock dividend for the year ended on September 30, 2013. Date of AGM: 13.03.20
The Board of Directors has recommended 5% stock dividend for the year ended on September 30, 2013. Date of AGM: 13.03.2014, Time: 10:00 AM, Venue: Maksons Group Conference Hall (situated at factory premises of Maksons Spinning Mills Ltd). Record date: 16.02.2014. The Company has also reported EPS of Tk. 0.72, NAV per share of Tk. 19.99 and NOCFPS of Tk. 1.95 for the year ended on September 30, 2013.
- There will be no price limit on the trading of the shares of the Company today (29.01.2014) following its corporate decl
There will be no price limit on the trading of the shares of the Company today (29.01.2014) following its corporate declaration.
- As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on January 28, 2014 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on September 30, 2013.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.