Malek Spinning Mills PLC. announcements
284 Dhaka Stock Exchange announcements for Malek Spinning Mills PLC. (MALEKSPIN) since 2010: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (14).
- Proposal of closing-down of the RMG Unit of Salek Textile Limited
(Continuation news of MALEKSPIN): The liabilities of the Unit shall be settled by selling of assets of the unit (Factory plant and machinery and others) and borrowing from Salek Textile Limited. The Parent Company, Malek Spinning Mills Limited will not be required to provide any funds for closing-down of the RMG unit of Salek Textile Limited. (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the Company will resume on 21.11.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2021.
- 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 with cum benefit from 16.11.2021 to 17.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 18.11.2021.
- Q1 Financials
(Continuation news of MALEKSPIN): Reasons for deviation in EPS, NOCFPS and NAV: EPS has increased because of net profit substantially increase during the period due to increase in Turnover/Sales and decrease in cost of goods sold percentage on sales compared to previous period. Due to increase of collection against sales NOCFPS has increased. Due to increase retained earnings NAV has increased. (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 11, 2021 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.
- Emphasis of matter
(Continuation news of MALEKSPIN): As per directors' assessment, the insurance claim recover through shall be at least equal to the carrying value. No other information come to our attention. Our report is not qualified in this regard. (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 on 28.10.2021 following its corporate declaration.
- Dividend Declaration
(Continuation news of MALEKSPIN): On the other hand decrease in percentage of cost of goods sold due to decrease in raw material price and overhead is not increased proportionately on sales. Due to increase of collection against sales and decrease of financial expenses and other payments NOCFPS has increased. Due to increase in retained earnings NAV has increased. (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 October 27, 2021 at 2:45 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
- Response to DSE Query
(Cont. of MALEKSPIN): (3) The losses for fire incident is not yet finalized we assume approximate losses to be stand at Tk. 50 - 60 crore, which are under fire insurance coverage. (4) The Company is taking necessary initiative to regain full production capacity within shortest possible time frame. (End)
The first part of this announcement is missing from the archive. - Fire incident occurred in a Subsidiary Company
(Continuation news of MALEKSPIN): The fire was put-off by the Company firefighting team as well as 08 unit fire service defense authority by 6/7 hours and no lives and casualty were happened. The factory is under fire insurance coverage. (end)
The first part of this announcement is missing from the archive. - MAKSONSPIN: Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended on June 30, 2020 to the respective shareholders.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.62 for October-December 2020 as against Tk. 0.40 for October-December 2019; Consolidated EPS was Tk. 1.02 for July-December 2020 as against Tk. 0.64 for July-December 2019. Consolidated NOCFPS was Tk. (1.59) for July-December 2020 as against Tk. 2.38 for July-December 2019. Consolidated NAV per share was Tk. 43.93 as on December 31, 2020 and Tk. 42.90 as on June 30, 2020.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.