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 2022 (21).
- Credit Rating Information and Services Limited (CRISL) has assigned the rating of the company as \"AA\" in the long term
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 a stable outlook based on audited financials up to June 30, 2022; unaudited financial up to September 30, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- (Q1 Un-audited): EPS was Tk. 2.07 for July-September 2022 as against Tk. 2.68 for July-September 2021; NOCFPS was Tk. 5.
(Q1 Un-audited): EPS was Tk. 2.07 for July-September 2022 as against Tk. 2.68 for July-September 2021; NOCFPS was Tk. 5.95 for July-September 2022 as against Tk. 7.61 for July-September 2021. NAV per share was Tk. 62.71 as on September 30, 2022 and Tk. 60.63 as on June 30, 2022. Reasons for significant deviation: Compare to same period last year, (cont.)
- Q1 Financials
(Continuation news of MATINSPINN): sales revenue increased by 25% and volume increased by 11.35%. But gross profit and net profit has been decreased by 2.85% and 6.45% respectively due to increasing the raw material prices and utility cost. (end)
The first part of this announcement is missing from the archive. - MATINSPINN : Resumption after record date
Trading of the shares of the Company will resume on 14.11.2022 after record date
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 13.11.2022
- 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 09.11.2022 to 10.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 13.11.2022.
- MATINSPINN : 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 14, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the company for the First Quarter (Q1) period ended September 30, 2022.
- The Board of Directors has recommended 50\% Cash dividend for the year ended June 30, 2022. Date of AGM: 08.12.2022, Tim
The Board of Directors has recommended 50\% Cash dividend for the year ended June 30, 2022. Date of AGM: 08.12.2022, Time: 11:30 AM, Venue: Digital Platform. Record Date: 13.11.2022. The Company has reported EPS of Tk. 10.79, NAV per share of Tk. 60.63 and NOCFPS of Tk. 6.17 for the year ended June 30, 2022 as against Tk. 6.31, Tk. 53.81 and Tk. 0.40 respectively for the same period of the previous year. (cont.1)
- (Continuation news of MATINSPINN): The Company has also informed the reasons of significant variations in EPS, NOCFPS an
(Continuation news of MATINSPINN): The Company has also informed the reasons of significant variations in EPS, NOCFPS and NAVPS. Significant increase in EPS: EPS has been increased due to increase in Sales Revenue and there was no significant additional fixed expenditure against the incremental revenue except raw material cost. It is also reported that the company has purchased raw materials in a reasonable and competitive rate which has contributed a lot to achieve our extra margin. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of MATINSPINN): As such there is a positive impact of EPS enhancement. Also noted that during the rep
(Continuation news of MATINSPINN): As such there is a positive impact of EPS enhancement. Also noted that during the reporting year, MSMPLC management has decided to make a sum of provision for bad and doubtful debts due to the non-realization of long pending outstanding from the external customer as per IFRS 9. There was no other significant Extraordinary Transactions during this year. Increase in Operating Cash flows: MSMPLC (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of MATINSPINN): sales proceeds collection has been increased significantly over the reporting period
(Continuation news of MATINSPINN): sales proceeds collection has been increased significantly over the reporting period against both site and deferred LC compared to the last year. For this reason, receivables are decreased significantly. It is also observed that the inventory of raw materials and finished goods has increased during the reporting period significantly to ensure an uninterrupted supply of raw materials to production as well as to get price benefit since raw materials demand (cont.4)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of MATINSPINN): and prices are also increasing trend. Although inventory has been increased but collection from customers has been improved significantly, resultantly MSMPLC Net Operating Cash Flow per Share has increased compared to that of the previous year. 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. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (23.10.2022) 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 20, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Decision to Purchase Generators
The Company has informed that the Board of Directors has approved the purchase of 03 (three) low Gas consuming Generators and 1(one) Diesel Generator from Daud Machinery Trading DWC -LLC, Unit- 401, Level- 4, Building -A3, Dubai South Business Park, Dubai 712206, UAE for replacement of old 4 (four) Gas Generators. The total cost of Generators and installation cost is estimated at USD 2,708,000.00 equivalent to Tk. 25,72,60,000.00 (taka twenty-five crore seventy-two lac sixty thousand only).
- Refer to their earlier news disseminated by DSE on 07.02.2021 regarding expansion of production capacity, the Company ha
Refer to their earlier news disseminated by DSE on 07.02.2021 regarding expansion of production capacity, the Company has further informed that the Board of Directors of the company has decided that \"Full Commercial Operation\" of Special Yarn Unit (production capacity by 10 ton per day) of the company will commence from 1st August 2022.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 2.43 for January-March 2022 as against Tk. 1.92 for January-March 2021; EPS was Tk. 7.98 for July 2021-March 2022 as against Tk. 4.03 for July 2020-March 2021. NOCFPS was Tk. 5.01 for July 2021-March 2022 as against Tk. 6.30 for July 2020-March 2021. NAV per share (with revaluation reserve) was Tk. 57.84 as on March 31, 2022 and Tk. 53.84 as on June 30, 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 April 23, 2022 at 2:00 PM to consider, among others, un-audited financial statements of the company for the Third Quarter (Q3) period ended March 31, 2022.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 2.86 for October-December 2021 as against Tk. 1.25 for October-December 2020; EPS was Tk. 5.54 for July-December 2021 as against Tk. 2.11 for July-December 2020. NOCFPS was Tk. 11.10 for July-December 2021 as against Tk. 8.77 for July-December 2020. NAV per share (with Revaluation reserves) was Tk. 55.40 as on December 31, 2021 and Tk. 53.84 as on June 30, 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 January 29, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended on June 30, 2021 to the respective shareholders.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.