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 2017 (19).
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA-" in the long term and "ST-3" in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2017, unaudited financials up to September 30, 2017 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 03.12.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 30.11.2017.
- 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 28.11.2017 to 29.11.2017. Trading of the shares of the Company will remain suspended on record date i.e., 30.11.2017.
- Dividend Declaration
The Board of Directors has recommended 15% cash dividend for the year ended on June 30, 2017. Date of AGM: 27.12.2017, Time: 11:00 AM, Venue: Factory Premises of Matin Spinning Mills Ltd. at Sardaganj, Kashimpur, Gazipur. Record date: 30.11.2017. The Company has also reported EPS of Tk. 2.68, NAV per share with revaluation reserve of Tk. 41.99, and NOCFPS of Tk. 2.54 for the year ended on June 30, 2017 as against Tk. 3.02, Tk. 41.64 and Tk. 1.53 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 (07.11.2017) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.54 for July-September, 2017 as against Tk. 0.44 for July-September, 2016; NOCFPS was Tk. (1.07) for July-September, 2017 as against Tk. (2.15) for July-September, 2016. NAV per share (with Revaluation reserves) was Tk. 42.53 as on September 30, 2017 and Tk. 41.99 as on June 30, 2017.
- 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 November 06, 2017 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2017.
- 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 06, 2017 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, 2017.
- Selling of Shares held in DBL Ceramics Ltd.
The Company has informed that the Board of Directors has decided that 2,50,000 shares of Tk. 100.00 each held in DBL Ceramics Limited shall be sold immediately at fair market value of Tk. 149.49 each to the existing shareholders of DBL Ceramics Limited.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.64 for January-March, 2017 as against Tk. 0.80 for January-March, 2016. EPS was Tk. 1.56 for July, 2016-March, 2017 as against Tk. 2.91 for July, 2015-March, 2016. NOCFPS was Tk. 0.85 for July, 2016-March, 2017 as against Tk. 3.05 for July, 2015-March, 2016. NAV per share with revaluation reserve was Tk. 40.90 as on March 31, 2017 and Tk. 41.64 as on June 30, 2016. NAV per share without revaluation reserve was Tk. 30.75 as on March 31, 2017 and Tk. 31.50 as on June 30, 2016.
- 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 24, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2017.
- DSE query
In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Full commercial operation of Synthetic Unit
With reference to their earlier news (disseminated by DSE on 10.11.2016), the Company has further informed that the Board of Directors has decided that full commercial operation of Synthetic Yarn Unit in phase-2 of the Company will commence from February 07, 2017. Production capacity will be 16 ton per day. The Company has noted that during remaining 5 months of full commercial operation of Synthetic Unit revenue income of the Company is estimated to increase by Tk. 418,203,000.00 and Net Profit after tax is estimated to increase by Tk. 49,878,000.00.
- Q2 Financials
EPS was Tk. 0.48 for Oct.-December, 2016 as against Tk. 1.05 for Oct.-December, 2015; EPS was Tk. 0.92 for July-December, 2016 as against Tk. 2.11 for July-December, 2015. NOCFPS was Tk. (0.57) for July-December, 2016 as against Tk. 1.20 for July-December, 2015. NAV per share (with Revaluation reserves) was Tk. 40.25 as of Dec. 31, 2016 and Tk. 41.64 as of June 30, 2016 and NAV per share (without Revaluation reserves) was Tk. 30.10 as of Dec. 31, 2016 and Tk. 31.50 as of June 30, 2016.
- Dividend Disbursement
The Company has informed that the Cash dividend warrant for the year ended on June 30, 2016 has been disbursed.
- 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 25, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2016.
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA-" in the long term and "ST- 3" in the short term along with a stable outlook based on audited financial statements of the Company up to June 30, 2016, unaudited financials up to September 30, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Emphasis of Matter
The auditor of the company has given the following 'Emphasis of Matter' paragraph in the audit report of the company prepared for the year ended on 30 June 2016. Emphasis of Matter: 1. In Note: 4 to the financial statements, management explains about the use of two diesel generators which were purchased with the fund from IPO proceeds for the MÂlange unit of the company. 2. In note: 6.08 to the financial statements, management explains the reasons for non-installation of some items of fixed assets and inclusion of the same in Capital Work in Process as on 30 June 2016. These were purchased for MÂlange unit using the IPO fund. 3. In note: 42 (i) to the financial statements, management explains the circumstances under which Bangladesh Securities and Exchange Commission (BSEC) imposed penalty on the Directors of the Company. 4. In Note: 42 (ii) to the financial statements, management explains about loan of TK. 300,000,000/= given by the Company o Jinnat Knitwears Limited (a private company, all the directors of which are also directors of Matin Spinning Mills Limited) without obtaining permission from shareholders and BSEC before disbursing the above loan. 5. In Note: 42 (iii) to the financial statements, management explains about substantial sales to some companies (having some common directorship) of DBL group without taking approval from the shareholders before entering into such sale arrangements. 6. In note: 42 (iv) to the financial statements, management explains, with regard to compliance of the relevant BSEC Order, that the company calculated its net worth without outstanding the revaluation reserve and paid divided accordingly for the year 2014-15, though the revaluation reserve is recognized as a part of equity in the Statement of Financial Position.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.