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 2021 (22).
- Credit Rating Information and Services Limited (CRISL) has rated the Company as \"AA\" in the long term and \"ST- 3\" in
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, 2021, unaudited financials up to September 30, 2021 and other relevant quantitative and qualitative information up to the date of rating declaration.
- Resumption after record date
Trading of the shares of the Company will resume on 18.11.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2021.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 2.68 for July-September 2021 as against Tk. 0.86 for July-September 2020; NOCFPS was Tk. 7.61 for July-September 2021 as against Tk. 4.54 for July-September 2020. NAV per share was Tk. 56.53 as on September 30, 2021 and Tk. 53.84 as on June 30, 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 15.11.2021 to 16.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2021.
- 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 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.
- The Company has informed that Board of Directors have approved 04 (Four) Revised Contracts for Sale of Yarn between Mati
The Company has informed that Board of Directors have approved 04 (Four) Revised Contracts for Sale of Yarn between Matin Spinning Mills Limited and the following Private Limited Companies: Flamingo Fashions Limited (Revised Contract Amount (USD) Minimum 50,00,000 Maximum 225,00,000), Jinnat Apparels Limited (Revised Contract Amount (USD) Minimum 30,00,000 Maximum 125,00,000) Jinnat Knitwears Limted (Revised Contract Amount (USD) Minimum 50,00,000 Maximum 200,00,000) (Cont.)
- The Board of Directors has recommended 40% Cash dividend for the year ended on June 30, 2021. Date of AGM: December 13,
The Board of Directors has recommended 40% Cash dividend for the year ended on June 30, 2021. Date of AGM: December 13, 2021, Time: 11:30 AM, Venue: Digital Platform. Record Date: November 17, 2021. The Company has reported EPS of Tk. 6.31, NAV per share of Tk. 53.84 and NOCFPS of Tk. 0.40 for the year ended on June 30, 2021 as against Tk. 2.16, Tk. 49.29 and Tk. 5.47 respectively for the same period of the previous year. (cont.1)
- (Cont. MATINSPINN): Increase in EPS: EPS has been increased due to increase in Sales Revenue as well as sales quantity a
(Cont. MATINSPINN): Increase in EPS: EPS has been increased due to increase in Sales Revenue as well as sales quantity and there was no significant additional fixed expenditure against the incremental revenue except variable cost. As such there is a positive impact of EPS enhancement. Also noted that during the reporting year, MSML management has decided to made a sum of provision for bad and doubtful debts due to non-realization of long pending outstanding from external customer as per IFRS 9.(cont.2)
The first part of this announcement is missing from the archive. - (Cont. MATINSPINN): Decreased in NOCFPS: MSML sales proceeds complete through B2B deferred LC for 90-120 days. As per hu
(Cont. MATINSPINN): Decreased in NOCFPS: MSML sales proceeds complete through B2B deferred LC for 90-120 days. As per huge demand of cotton-based produce in Q3 and Q4 of RMG Sector, Matin Spinning Mills Limited yarn delivery in Q3 and Q4 increased up to Tk. 2835 million under B2B LC. For this reasons receivable increased significantly. During the reporting period receivables has increased due to un-realization of receivable that would be received in due course as receivables are covered by LCs. (cont.3)
The first part of this announcement is missing from the archive. - Revised Contracts for Sale of Yarn.
(cont. of MATINSPINN): and Hamza Textiles Ltd (Revised Contract Amount (USD) Minimum 5,00,000 Maximum 45,00,000) under common Directorship subject to approval by the shareholders in upcoming Annual General Meeting. The contracts will remain initially valid for 36 months effective from 01 July 2021 and shall continue unless terminated at any time by both the Seller and the Buyer on one month�s prior written notice. (end)
The first part of this announcement is missing from the archive. - MATINSPIN: Name Change of the Company
The Company has informed that they will change their Company Name to Matin Spinning PLC from Matin Spinning Mills Limited subject to compliance of Company act and others.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (31.10.2021) following its corporate declaration.
- Dividend Declaration
(Cont. MATINSPINN): It was also observed that Inventory increased significantly to ensure uninterrupted supply of raw material to the production as well as to get price benefit since raw materials demand and prices are also increasing trend. Net Asset Value per Share: Net Asset Value per share has been increased considerably due to excellent operating performance for the year under review as reflected in the EPS as well. (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 28, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
- (Q3 Un-audited): EPS was Tk. 1.92 for January-March 2021 as against Tk. 0.88 for January-March 2020; EPS was Tk. 4.03 fo
(Q3 Un-audited): EPS was Tk. 1.92 for January-March 2021 as against Tk. 0.88 for January-March 2020; EPS was Tk. 4.03 for July 2020-March 2021 as against Tk. 1.69 for July 2019-March 2020. NOCFPS was Tk. 6.30 for July 2020-March 2021 as against Tk. 4.07 for July 2019-March 2020. NAV per share (with revaluation reserve) was Tk. 51.54 as on March 31, 2021 and Tk. 49.29 as on June 30, 2020
- As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a 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 29, 2021 at 2:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.
- The Company has informed that the Board of Directors has decided to further expansion of production capacity by 10 tons
The Company has informed that the Board of Directors has decided to further expansion of production capacity by 10 tons (per day) through "Special Yarn Unit" project in addition to the existing capacity of 51 tons per day (25 tons of Card and Combed yarn, 10-ton melange yarn and 16-ton Synthetic yarn) at a projected cost of BDT 186 crore out of which 125 crores will be (cont.)
- (Cont. of MATINSPINN): availed as Loan from DEG - Deutsche Investitions- und EntwicklungsgeseIIschaft mbH, Kammergasse 2
(Cont. of MATINSPINN): availed as Loan from DEG - Deutsche Investitions- und EntwicklungsgeseIIschaft mbH, Kammergasse 22, 50676 Cologne, Germany and the rest amount of BDT 61 crore will be financed from Company's own source. After complementation of the project, yearly production will be increased approximately 8.50-9.00 ton per day and estimated increase in Turnover will be BDT 95-100 crore per annum approximately. (end)
The first part of this announcement is missing from the archive. - (Q2 Un-audited): EPS was Tk. 1.25 for October-December 2020 as against Tk. 0.63 for October-December 2019; EPS was Tk. 2
(Q2 Un-audited): EPS was Tk. 1.25 for October-December 2020 as against Tk. 0.63 for October-December 2019; EPS was Tk. 2.11 for July-December 2020 as against Tk. 0.81 for July-December 2019. NOCFPS was Tk. 8.77 for July-December 2020 as against Tk. 4.26 for July-December 2019. NAV per share (with Revaluation reserves) was Tk. 49.62 as on December 31, 2020 and Tk. 49.29 as on June 30, 2020.
- As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a 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 28, 2021 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.
- The Company has informed that it has disbursed the cash dividend for the year ended on June 30, 2020 to the respective s
The Company has informed that it has disbursed the cash dividend for the year ended on June 30, 2020 to the respective shareholders.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.