Matin Spinning Mills PLC announcements
196 Dhaka Stock Exchange announcements for Matin Spinning Mills PLC (MATINSPINN) since 2014: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2016 (17).
- Contracts for sale of Yarn
The Company has informed that in their 14th AGM held today (20.12.2016), the shareholders of the company have approved 6 contracts for sale of Yarn between Matin Spinning Mills Limited and the following 6 private limited companies under common directorship. The contract will remain valid initially for 24 months, with effect from July 01, 2016 and shall continue unless terminated at any time by both the seller and the buyer on one month's written notice. The detail of the companies and annual contract amount in USD is as follows: 01. Flamingo Fashions Limited (Minimum: $ 2,60,000 & Maximum: $ 85,00,000), 02. Jinnat Apparels Limited (Minimum: $ 2,60,000 & Maximum: $ 10,00,000), 03. Jinnat Fashions Limited (Minimum: $ 2,60,000 & Maximum: $ 50,00,000), 04. Jinnat Knitwears Limited (Minimum: $ 2,60,000 & Maximum: $ 80,00,000), 05. Hamza Textiles Limited (Minimum: $ 2,60,000 & Maximum: $ 35,00,000) and 06. Mawna Fashions Limited (Minimum: $ 2,60,000 & Maximum: $ 10,00,000).
- Resumption after record date
Trading of the shares of the Company will resume on 01.12.2016 after record date.
- Suspension for record date
Trading of the shares of the Company will remain suspended on record date i.e., 30.11.2016.
- Spot for AGM
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 28.11.2016 to 29.11.2016. Trading of the shares of the Company will remain suspended on record date i.e., 30.11.2016.
- Dividend Declaration
The Board of Directors has recommended 23% cash dividend for the year ended on June 30, 2016. Date of AGM: 20.12.2016, Time: 11:00 AM, Venue: Factory Premises of Matin Spinning Mills Ltd. at Sardaganj, Kashimpur, Gazipur. Record date: 30.11.2016. The Company has also reported EPS of Tk. 3.02, NAV per share with revaluation reserve of Tk. 41.64, NAV per share without revaluation reserve of Tk. 31.50 and NOCFPS of Tk. 1.53 for the year ended on June 30, 2016 as against Tk. 4.49, Tk. 41.27, Tk. 31.14 and Tk. 3.66 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (10.11.2016) following its corporate declaration.
- Q1
EPS was Tk. 0.44 for July-September, 2016 as against Tk. 1.03 for July-September, 2015; NOCFPS was Tk. (2.15) for July-September, 2016 as against Tk. 0.19 for July-September, 2015. NAV per share (with Revaluation reserves) was Tk. 42.09 as of September 30, 2016 and Tk. 41.64 as of June 30, 2016 and NAV per share (without Revaluation reserves) was Tk. 31.94 as of September 30, 2016 and Tk. 31.50 as of June 30, 2016.
- commercial production of synthetic yarn unit
With reference to their earlier news (disseminated by DSE on 26.04.2016) the Company has further informed that the Board of Directors of the Company has decided that partial Commercial Production of synthetic yarn unit in phase-2 of the Company will commence from November 10, 2016.
- Board Meeting
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 09, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016. 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 November 09, 2016 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2016.
- Imposing Fine on Directors of the Company
BSEC News: BSEC has fined Tk. 2.00 lac each to Mr. Abdul Wadud (Chairman/Director), Mr. M.A. Jabbar (Managing Director/Director), Mr. M.A. Rahim (Director), Mr. M.A. Quader (Director), Mr. Md. Hassan Imam (Director), Mrs. Selina Parveen (Director), Mrs. Tanzeen Rahim (Director), Mrs. Taslima Begum (Director) of Matin Spinning Mills Ltd. for non-compliance with the securities related laws.
- Enhancement of Production Capacity
With reference to their earlier news (disseminated by DSE on 06.11.2014), the Company has further informed that the Board of Directors of the Company has decided to revise the production capacity from 7 tons to 16 tons per day of synthetic yarn unit in phase-2 in addition to the existing capacity of 25 tons of Carded and Combed yarn and 10 tons per day melange yarn at a projected cost of Tk. 151.88 crore out of which Tk. 86.00 crore equivalent to USD 11.20 million will be availed as Loan from The Hongkong and Shanghai Banking Corporation Limited (HSBC), Bangladesh and the rest amount of Tk. 65.88 crore will be financed from Company's own source.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.80 for January-March, 2016 as against Tk. 1.09 for January-March, 2015; EPS was Tk. 2.91 for July'15-March'16 as against Tk. 3.09 for July'14-March'15. NOCFPS was Tk. 3.05 for July'15-March'16 as against Tk. 2.04 for July'14-March'15. NAV per share (with Revaluation reserves) was Tk. 41.61 as of March 31, 2015 and Tk. 41.43 as of 30.06.2015 and NAV per share (without Revaluation reserves) was Tk. 31.38 as of March 31, 2015 and Tk. 31.20 as of 30.06.2015.
- Board Meeting
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 25, 2016 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2016.
- Commencement of production of Melange Unit
With reference to their earlier news (disseminated by DSE on 20.03.2016), regarding Commencement of production of Melange Unit, the Company has further informed that the capacity of the unit would be 10 tons yarn per day. The working days would be 350 days and capacity utilization would be 90%. The Projected Net Profit for the First Year from the unit would be Tk. 89.02 million.
- Commencement of production of Melange Unit
The Company has informed that the Board of Directors has decided that production of Melange Unit of the Company will commence from 28 March, 2016.
- Q2
EPS was Tk. 1.05 for Oct.-December, 2015 as against Tk. 0.91 for Oct.-December, 2014; EPS was Tk. 2.11 for July-December, 2015 as against Tk. 2.01 for July-December, 2014. NOCFPS was Tk. 1.28 for July-December, 2015 as against Tk. 0.98 for July-December, 2014. NAV per share (with Revaluation reserves) was Tk. 40.82 as of Dec. 31, 2015 and Tk. 41.43 as of June 30, 2015 and NAV per share (without Revaluation reserves) was Tk. 30.59 as of Dec. 31, 2015 and Tk. 31.20 as of June 30, 2015.
- Board Meeting
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 21, 2016 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2015.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.