DSE:MEGCONMILK

Meghna Condensed Milk Industries Limited announcements

289 Dhaka Stock Exchange announcements for Meghna Condensed Milk Industries Limited (MEGCONMILK) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2014 (18).

  1. will resume

    Normal trading of the shares of the Company will resume on 08.12.2014 after record date.<br>

  2. trade suspension

    Trading of the shares of the Company will remain suspended on record date i.e., 07.12.2014.

  3. trade suspension

    Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle from 24.11.2014 to 04.12.2014. Trading of the shares of the Company will remain suspended on record date i.e., 07.12.2014.

  4. audit report

    Auditor of the company, has given the following 'Emphasis of Matter' paragraph in the audit report of the company for the year ended on 30 June 2014: 1) We draw attention to the fact that the company has incurred a considerable amount of business losses in the previous years including the year of reporting. The company's accumulated losses stand at Tk. 1,036,609,377.00 as on 30 June 2014, which includes Tk. 28,553,107.00 for the year and company's current liabilities exceeded its current assets by Tk. 212,619,658.00, which is notable.The above facts indicate the existence of material uncertainty that may cast a significant doubt about the company's ability to continue as a going concern in the foreseeable future unless a continuous inflow of liquidity support is evolved and operational efficiency and aggressive marketing of the product is significantly enhanced to greater extent. 2) As per Companies Act 1994 Clause 120 &amp; 121 indicates that the company shall not make any loan or guarantees to a person or company, which has not incorporated under the Companies Act 1994 but the management of the company has given unsecured loan to the relative/s of the directors an amount of Tk. 15, 070,000.00.

  5. Q1 earnings

    (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2014 (July'14 to Sep'14), the Company has reported net profit/(loss) after tax of Tk. (17.21) million with EPS of Tk. (1.08) as against Tk. (18.35) million and Tk. (1.15) respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (1,053.82) million as on 30.09.2014 resulting total shareholders' equity stands at Tk. (424.99) million.

  6. did not recommend any dividend

    The Board of Directors did not recommend any dividend for the year ended on June 30, 2014. Date of AGM: 24.12.2014, Time: 10:30 AM, Venue: Meghna Community Centre, Meghna Industrial Complex-2, Baral, Baghmara, Sadar South (Old Laksham), Comilla. Record Date: 07.12.2014. The Company has also reported EPS of Tk. (1.78), NAV per share of Tk. (25.48) and NOCFPS of Tk. 7.71 for the year ended on June 30, 2014.

  7. no price limit

    There will be no price limit on the trading of the shares of the Company on 28.10.2014 following its corporate declaration.

  8. meeting of the Board of Directors

    As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on October 27, 2014 at 2:35 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2014. <div id="__if72ru4sdfsdfruh7fewui_once" style="display:none;"></div> <div id="__hggasdgjhsagd_once" style="display:none;"></div>

  9. DSE query

    In response to a DSE query dated September 07, 2014, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

  10. (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2014 (Jan'14 to March'14), the Compan

    (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2014 (Jan'14 to March'14), the Company has reported net profit/(loss) after tax of Tk. (21.60) million with EPS of Tk. (1.35) as against Tk. (9.36) million and Tk. (0.59) respectively for the same period of the previous year. Whereas net profit/(loss) after tax was Tk. (58.25) million with EPS of Tk. (3.64) for the period of nine months (July'13 to March'14) ended on 31.03.2014 as against Tk. (38.66) million and Tk. (2.42) respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (1,066.30) million as on 31.03.2014 resulting total shareholders' equity stands at Tk. (437.47) million.

  11. In response to a DSE query dated March 30, 2014, the Company has informed that there is no undisclosed price sensitive i

    In response to a DSE query dated March 30, 2014, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

  12. H/Y Earnings

    As per un-audited half yearly accounts as on 31.12.2013 (July'13 to Dec'13), the Company has reported net profit/(loss) after tax of Tk. (36.65) million with EPS of Tk. (2.29) as against Tk. (28.94) million and Tk. (1.81) respectively for the same period of the previous year. Whereas net profit/(loss) after tax was Tk. (18.29) million with EPS of Tk. (1.14) for the period of 3 months (Oct'13 to Dec'13) ended on 31.12.2013 as against Tk. (16.23) million and Tk. (1.01) respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (1,044.70) million as on 31.12.2013 resulting total shareholders' equity stands at Tk. (415.87) million.

  13. (H/Y): As per un-audited half yearly accounts as on 31.12.2013 (July'13 to Dec'13), the Company has reported net profit/

    (H/Y): As per un-audited half yearly accounts as on 31.12.2013 (July'13 to Dec'13), the Company has reported net profit/(loss) after tax of Tk. (36.65) million with EPS of Tk. (2.29) as against Tk. (28.94) million and Tk. (1.81) respectively for the same period of the previous year. Whereas net profit/(loss) after tax was Tk. (18.29) million with EPS of Tk. (1.14) for the period of 3 months (Oct'13 to Dec'13) ended on 31.12.2013 as against Tk. (16.23) million and Tk. (1.01) respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (1,044.70) million as on 31.12.2013 resulting total shareholders' equity stands at Tk. (415.87) million.

  14. DSE NEWS: DSE has formed an enquiry committee to investigate the unusual price movement of shares of Meghna Condensed Mi

    DSE NEWS: DSE has formed an enquiry committee to investigate the unusual price movement of shares of Meghna Condensed Milk Industries Ltd.

  15. Emphasis of Matter

    (Repeat): (Emphasis of Matter) &quot;Ahmed Zaker &amp; Co.&quot;, Auditor of the company, has given the following Emphasis of Matter paragraph in the audit report of the company for the year ended on 30 June 2013: &quot;Without qualifying our opinion, we draw attention to note no- 2.01 enclosed in the financial statements regarding Going Concern matters&quot;. Note-2.01: 'Going Concern': &quot;This financial statement has been prepared on the assumption that the entity is a going concern and will continue its business for the foreseeable future. Hence it is assumed that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operation. During the year the entity has incurred a net loss of Tk. (119,630,061.00) and the accumulated loss as on June 30, 2013 stands at Tk. (1,008,035,971.00) and the company's current liabilities has exceeded its current assets by Taka 214,473,448.00 which is quite noticeable and warrant to be restructured. The company is exerting its utmost efforts to mobilize its resources through outsourcing of foreign investment to meet the working capital requirements to continue its operation for the foreseeable future. The current credit facilities extended by the financial institutions other than block fund appearing against the company's liabilities turns to be stumbling block to run the company as a going concern. The management of the company is trying to explore avenues of various earning sources with a bid to generate funds by adopting various measures including boosting production and marketing of the products of the company.&quot;

  16. (Repeat): (Emphasis of Matter) "Ahmed Zaker & Co.", Auditor of the company, has given the following Emphasis of Matter p

    (Repeat): (Emphasis of Matter) "Ahmed Zaker & Co.", Auditor of the company, has given the following Emphasis of Matter paragraph in the audit report of the company for the year ended on 30 June 2013: "Without qualifying our opinion, we draw attention to note no- 2.01 enclosed in the financial statements regarding Going Concern matters". Note-2.01: 'Going Concern': "This financial statement has been prepared on the assumption that the entity is a going concern and will continue its business for the foreseeable future. Hence it is assumed that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operation. During the year the entity has incurred a net loss of Tk. (119,630,061.00) and the accumulated loss (cont.1)

  17. (Continuation of repeat news of MEGCONMILK): as on June 30, 2013 stands at Tk. (1,008,035,971.00) and the company's curr

    (Continuation of repeat news of MEGCONMILK): as on June 30, 2013 stands at Tk. (1,008,035,971.00) and the company's current liabilities has exceeded its current assets by Taka 214,473,448.00 which is quite noticeable and warrant to be restructured. The company is exerting its utmost efforts to mobilize its resources through outsourcing of foreign investment to meet the working capital requirements to continue its operation for the foreseeable future. The current credit facilities extended by the financial institutions other than block fund appearing against the company's liabilities turns to be stumbling block to run the company as a going concern. (cont.2)

    The first part of this announcement is missing from the archive.
  18. (Continuation of repeat news of MEGCONMILK): The management of the company is trying to explore avenues of various earni

    (Continuation of repeat news of MEGCONMILK): The management of the company is trying to explore avenues of various earning sources with a bid to generate funds by adopting various measures including boosting production and marketing of the products of the company." (end)

    The first part of this announcement is missing from the archive.

Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.