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 2016 (14).
- Query Response
In response to a DSE query dated December 27, 2016, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Enquiry Committee formation by BSEC
Bangladesh Securities and Exchange Commission (BSEC) has formed an enquiry committee to investigate into unusual price increase in shares of Meghna Condensed Milk Industries Limited in the Stock Exchanges (BSEC Order No. BSEC/Surveillance/2010-0713/772 dated December 22, 2016).
- Resumption after record date
Trading of the shares of the Company will resume on 01.12.2016 after record date.
- Suspension for record date
Trading of the shares of the Company will remain suspended on record date i.e., 30.11.2016.
- Spot for AGM
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 from 17.11.2016 to 29.11.2016. Trading of the shares of the Company will remain suspended on record date i.e., 30.11.2016.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.63) for July-September, 2016 as against Tk. (1.079) for July-September, 2015; NOCFPS was Tk. 0.04 for July-September, 2016 as against Tk. (0.34) for July-September, 2015. NAV per share was Tk. (29.55) as of September 30, 2016 and Tk. (28.92) as of June 30, 2016.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended on June 30, 2016. Date of AGM: 22.12.2016, Time: 10:30 AM, Venue: Meghna Community Centre, Meghna Industrial Complex-2, Baral, Baghmara, Sadar South, Comilla. Record Date: 30.11.2016. The Company has also reported EPS of Tk. (1.347), NAV per share of Tk. (28.92) and NOCFPS of Tk. 2.11 for the year ended on June 30, 2016.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company on 31.10.2016 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 30, 2016 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2016.
- Matter of Emphasis
The auditor of the company has given the following 'Matter of Emphasis' Paragraph in the audit report of the company for the year ended on 30 June 2015: Matter of Emphasis: 1. We draw attention to the fact that the company has sustained a considerable amount of business loss in the previous years including the year of reporting. The Company's accumulated loss stand at Tk. 1,069,985,942.00 as on 30.06.2015 : which includes Tk. 33,376,565.00 for the Company's currents liabilities exceeded its current assets by Tk. 139,028,570.00 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 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 a greater extent. 2. As per companies Act 1994 Clause 121 no company incorporated under this Act which is under the management of a managing agent shall make loan to or guarantee any loan made the any company under management of the same management agent. But the management of the company has given unsecured loan balance where of amount to Tk. 192,299,127.00 (Company: Tk. 177,229,127.00 and Relatives: Tk. 15,070,000.00). 3. As disclosed in note-7.0 to the financial statements, Sundry Debtors an amount of Tk. 293,797,923.00 against Credit sales. The amount is realizable.
- Query Response
In response to a DSE query dated August 11, 2016, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Query Response (Correction)
(Correction): In response to a DSE query dated August 10, 2016, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (1.24) for January-March 2016 as against Tk. (1.17) for January-March 2015; EPS was Tk. (3.15) for July'15-March'16 as against Tk. (3.37) for July'14-March'15. NOCFPS was Tk. (2.28) for July'15-March'16 as against Tk. (3.17) for July'14-March'15. NAV per share was Tk. (30.72) as of March 31, 2016 and Tk. (27.57) as of June 30, 2015. Accumulated profit/(loss) of the Company was Tk. (1,120.39) m. as on 31.03.2016 resulting total shareholders' equity stands at Tk. (491.56) m.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.83) for Oct.-Dec., 2015 as against Tk. (1.13) for Oct.-Dec., 2014; EPS was Tk. (1.91) for July-Dec., 2015 as against Tk. (2.21) for July-Dec., 2014. NOCFPS was Tk. (2.01) for July-Dec., 2015 as against Tk. (1.66) for July-Dec., 2014. Accumulated profit/(loss) of the Company was Tk. (1,100.54) million as on 31.12.2015 resulting total shareholders equity stands at Tk. (471.71) million.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.