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 2024 (22).
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has assigned the rating of the Company as "AA" in the long term and "ST-2" in the short term along with Stable outlook in consideration of its audited financials up to June 30, 2024; unaudited financials up to September 30, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after Record Date
Trading of the shares of the company will resume on 19.11.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 18.11.2024.
- 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 14.11.2024 to 17.11.2024 and trading of the shares of the company will remain suspended on record date i.e., 18.11.2024.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 1.73 for July-September 2024 as against Tk. 1.90 for July-September 2023; Consolidated NOCFPS was Tk. 0.18 for July-September 2024 as against Tk. 2.29 for July-September 2023. Consolidated NAV per share was Tk. 55.47 as on September 30, 2024 and Tk. 53.74 as on June 30, 2024. Reasons for deviation in EPS, NOCFPS and NAVPS: (cont.) (cont. news of MALEKSPIN): Consolidated EPS has significantly decreased due to increase of operating and financial expenses. Due to increase of payment against material purchase, operating expenses and financial expenses NOCFPS has decreased. Due to increase of retained earnings NAV per share has increased. (end)
- 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 07, 2024 at 3:45 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Emphasis of Matter
The auditor of the company has given the "Emphasis of Matter" paragraphs in the Auditor's Report of the company for the year ended June 30, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/November/MALEKSPINN_2024.pdf
- The Board of Directors has recommended 10\% cash dividend for the year ended June 30, 2024 only for General Shareholders
The Board of Directors has recommended 10\% cash dividend for the year ended June 30, 2024 only for General Shareholders who hold 101,955,200 shares and which would require Tk. 101,955,200.00 for payment of cash dividend. Sponsors and Directors of the company who hold 91,644,800 shares will not be entitled to the cash dividend. Date of AGM: 18.12.2024, Time: 11:00 AM, Venue: Digital Platform. (cont.1)
- (Continuation news of MALEKSPIN): Record Date: 18.11.2024. The Company has also reported Consolidated EPS of Tk. 7.38, C
(Continuation news of MALEKSPIN): Record Date: 18.11.2024. The Company has also reported Consolidated EPS of Tk. 7.38, Consolidated NAV per share of Tk. 53.74 and Consolidated NOCFPS of Tk. 7.91 for the year ended June 30, 2024 as against Tk. (1.14), Tk. 46.77 and Tk. 1.96 respectively for the year ended June 30, 2023. (cont.2)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of MALEKSPIN): Reasons for deviation: EPS has been significantly increased due to decrease of cost of goods sold for decrease of raw material price compared to previous year. NAV has been increased due to increase in retained earnings. NOCFPS has been increased due to regular collection increased against sales and receivables in the consolidated accounts and in the solo accounts payment against raw materials & others decreased. (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 (28.10.2024) following its corporate 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 27, 2024 at 2:45 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- (Q3 Un-audited): Consolidated EPS was Tk. 1.74 for January-March 2024 as against Tk. (1.81) for January-March 2023; Cons
(Q3 Un-audited): Consolidated EPS was Tk. 1.74 for January-March 2024 as against Tk. (1.81) for January-March 2023; Consolidated EPS was Tk. 5.80 for July 2023-March 2024 as against Tk. (1.13) for July 2022-March 2023. Consolidated NOCFPS was Tk. 12.91 for July 2023-March 2024 as against Tk. 12.61 for July 2022-March 2023. Consolidated NAV per share was Tk. 52.57 as on March 31, 2024 and Tk. 46.77 as on June 30, 2023. (cont.)
- The company has informed that Management of Malek Spinning Mills PLC. (MSM) be and is hereby authorized to execute the p
The company has informed that Management of Malek Spinning Mills PLC. (MSM) be and is hereby authorized to execute the proposal for amendment of rental agreement of 36,400 sft. unutilized area of scrap godown @ Tk. 15/- per sft. per month with J.M. Fabrics Ltd. (JMFL) and 15,600 sft. unutilized area of scrap godown @ Tk.15/- per sft. per month with New Asia Limited, a sister company of Malek Spinning Mills PLC. at the factory premises at Shafipur, Kaliakoir, Gazipur (cont.)
- Q3 Financials
(Continuation News of MALEKSPIN): Reasons for deviation in EPS, NOCFPS and NAVPS: During the reporting period, cost of goods sold (COGS) had decreased compared to previous period due to decrease of raw materials price, resulting Net Profit increased as well as EPS increased. Due to increase of collection against turnover and receivable consolidated NOCFPS had increased. Due to increase of retained earnings, NAV also increased. (end)
The first part of this announcement is missing from the archive. - Regarding declaration of Interim Dividend of a subsidiary company
The company has informed that the Board of Directors of J. M. Fabrics Limited, a subsidiary company of Malek Spinning Mills PLC. declared 30% Interim Cash Dividend per share of Tk. 100.00 each based on results of 09 months un-audited financials and the retained earnings (free reserves) for the period ended on March 31, 2024. Malek Spinning Mills PLC. that would entitle dividend earning Tk. 119,997,000.00 as Gross Interim Cash Dividend from J. M. Fabrics Limited (JMFL).
- Board approval for amendment relating to rental agreement with JMFL
(Continuation News of MALEKSPIN): at a fair market price negotiable from time to time. Due to unchanged of rental area and rate of rent there is no financial effect of the company for amendment of rental agreement which was earlier published as Price Sensitive Information dated October 10, 2023. Other information of dated 10.10.2023 will remain unchanged. (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 April 29, 2024 at 02:45 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- Name Change of the Company
Dhaka Stock Exchange PLC. (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'Malek Spinning Mills PLC.' instead of 'Malek Spinning Mills Limited' with effect from March 12, 2024. Other things (except name) will remain unchanged.
- (Continuation news of MALEKSPIN): During the reporting period cost of goods sold (COGS) was significantly decreased comp
(Continuation news of MALEKSPIN): During the reporting period cost of goods sold (COGS) was significantly decreased compared to previous period due to decrease of raw materials price, resulting Gross Profit and Net Profit increased as well as EPS increased. Due to increase of collection against turnover & receivable, Consolidated NOCFPS has increased. Due to increase of retained earnings consolidated NAV has increased. (end)
The first part of this announcement is missing from the archive. - Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 2.16 for October-December 2023 as against Tk. (0.54) for October-December 2022; Consolidated EPS was Tk. 4.06 for July-December 2023 as against Tk. 0.67 for July-December 2022. Consolidated NOCFPS was Tk. 6.46 for July-December 2023 as against Tk. 4.30 for July-December 2022. Consolidated NAV per share was Tk. 50.83 as on December 31, 2023 and Tk. 46.77 as on June 30, 2023. Reasons for deviation in EPS, NOCFPS and NAVPS: (cont.)
- 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 29, 2024 at 2:45 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.