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 2023 (21).
- Credit Rating Information and Services Limited (CRISL) has assigned rating of the Company as \"AA\" in the long term and
Credit Rating Information and Services Limited (CRISL) has assigned rating of the Company as \"AA\" in the long term and \"ST-2\" for short term along with Developing outlook in consideration of its audited financials up to June 30, 2023 also unaudited financials up to September 30, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- (Q1 Un-audited): EPS was Tk. (1.01) for July-September 2023 as against Tk. 2.07 for July-September 2022; NOCFPS was Tk.
(Q1 Un-audited): EPS was Tk. (1.01) for July-September 2023 as against Tk. 2.07 for July-September 2022; NOCFPS was Tk. (3.89) for July-September 2023 as against Tk. 5.95 for July-September 2022. NAV per share was Tk. 59.03 as on September 30, 2023 and Tk. 60.04 as on June 30, 2023. Reasons for significant deviation: Compare to same period last year, (cont.)
- Q1 Financials
(Continuation news of MATINSPINN): sales revenue in current period decreased mainly due to average sales price has been decreased and cost of sales increased which effect to reduce gross profit margin and net profit ratio. (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 November 13, 2023 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2023.
- Resumption after Record date
Trading of the shares of the company will resume on 08.11.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 07.11.2023.
- 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 05.11.2023 to 06.11.2023 and trading of the shares will remain suspended on record date i.e., 07.11.2023.
- The Board of Directors has recommended 40\% Cash dividend for the year ended June 30, 2023. Date of AGM: 30.11.2023, Tim
The Board of Directors has recommended 40\% Cash dividend for the year ended June 30, 2023. Date of AGM: 30.11.2023, Time: 11:30 AM, Venue: Digital Platform. Record Date: 07.11.2023. The Company has reported EPS of Tk. 4.38, NAV per share of Tk. 60.04 and NOCFPS of Tk. 4.97 for the year ended June 30, 2023 as against Tk. 10.79, Tk. 60.63 and Tk. 6.17 respectively for the year ended June 30, 2022. Reasons for deviation in EPS, NOCFPS and NAVPS: (cont.1)
- (Continuation news of MATINSPINN): EPS has been decreased mainly increase in cost of goods sold due to significant incre
(Continuation news of MATINSPINN): EPS has been decreased mainly increase in cost of goods sold due to significant increase in raw material cost, power and fuel cost, finance cost as well as other costs, and decrease in the sales price over the last year. NOCFPS has been decreased due to increase in payment to suppliers, employees, and interest payment even though the Company\'s sales proceeds collection has been increased over the reporting period against (cont.2)
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 (16.10.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
(Continuation news of MATINSPINN): both site and deferred LC compared to the last year due to additional sales units from its newly opened special yarn unit. NAVPS has been decreased due to decrease in the profit margin. (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 15, 2023 at 4:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
- Re-appointment of Independent Director
The company has informed that the Board of Directors has re-appointed Mr. Md. Abdus Salam, FCA, FCS, as Independent Director of the company with effect from April 29, 2023.
- The company has informed that the Board of Directors has approved the purchase of 15MVA, 33/11kV Sub-Station with Standa
The company has informed that the Board of Directors has approved the purchase of 15MVA, 33/11kV Sub-Station with Standard Accessories from Adex Engineering Limited for increasing power using capacity and savings over the existing power cost. The total estimated cost of 15MVA, 33/11kV Sub-Station, including installation, (cont.)
- Regarding purchase of sub-station with Standard Accessories
(Continuation news of MATINSPINN): civil, cable, and other accessories costs Tk. 110,438,000.00 (Taka: Eleven crore four lac thirty-eight thousand) only. The company has also informed that after installation of the aforementioned Sub-Station, the Company is expecting estimated savings of Tk. 6.72 crore per year. (end)
The first part of this announcement is missing from the archive. - Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.11 for January-March 2023 as against Tk. 2.43 for January-March 2022; EPS was Tk. 3.99 for July 2022-March 2023 as against Tk. 7.98 for July 2021-March 2022. NOCFPS was Tk. 14.16 for July 2022-March 2023 as against Tk. 5.01 for July 2021-March 2022. NAV per share (with revaluation reserve) was Tk. 59.64 as on March 31, 2023 and Tk. 60.63 as on June 30, 2022.
- 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 17, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2023.
- Name Change of the Company
Dhaka Stock Exchange Limited (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'Matin Spinning Mills PLC' instead of 'Matin Spinning Mills Limited' with effect from April 04, 2023. Other things (except name) will remain unchanged.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 1.81 for October-December 2022 as against Tk. 2.86 for October-December 2021; EPS was Tk. 3.88 for July-December 2022 as against Tk. 5.54 for July-December 2021. NOCFPS was Tk. 3.92 for July-December 2022 as against Tk. 11.10 for July-December 2021. NAV per share (with Revaluation reserves) was Tk. 59.52 as on December 31, 2022 and Tk. 60.63 as on June 30, 2022.
- 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 30, 2023 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2022.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2022 to the respective shareholders.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.