Metro Spinning Limited announcements
309 Dhaka Stock Exchange announcements for Metro Spinning Limited (METROSPIN) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (27).
- Resumption after Record Date
Trading of the shares of the company will resume on 23.11.2023.
- Suspension for record date
Trading of the shares of the company will remain suspended on record date i.e., 22.11.2023.
- 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 from 20.11.2023 to 21.11.2023 and trading of the shares will remain suspended on record date i.e., 22.11.2023.
- The auditor of the company has given the \"Qualified Opinion\" paragraph in the Auditor\'s Report of the company for the
The auditor of the company has given the \"Qualified Opinion\" paragraph in the Auditor\'s Report of the company for the year ended June 30, 2023. To view the details, please visit: https://www.dsebd.org/assets/pdf/Qualified\%20Opinion\%20of\%20Metro\%20Spinning\%20Limited\%20for\%20the\%20year\%20ended\%20on\%2030\%20June\%202023.pdf
- (Q1 Un-audited): EPS was Tk. (0.73) for July-September 2023 as against Tk. 0.51 for July-September 2022; NOCFPS was Tk.
(Q1 Un-audited): EPS was Tk. (0.73) for July-September 2023 as against Tk. 0.51 for July-September 2022; NOCFPS was Tk. 0.08 for July-September 2023 as against Tk. 0.89 for July-September 2022. NAV per share was Tk. 16.14 as on September 30, 2023 and Tk. 16.87 as on June 30, 2023. Reasons for deviation in EPS and NOCFPS: EPS has been decreased due to decrease in unit price of finished goods, increased of Cost of Goods Sold, (cont.)
- Q1 Financials
(Continuation news of METROSPIN): operational and utility cost including financial charges compare to the previous year. As per news published on 21 September, 2023 the company's production is not in operation for the implementation of BMRE of the project. NOCFPS has been decreased due to decrease in collection from customers and others sources, comparison to the previous period of previous year. (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 14, 2023 at 3:15 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2023.
- (Q3 Un-audited): EPS was Tk. (1.91) for January-March 2023 as against Tk. 0.17 for January-March 2022; EPS was Tk. (0.93
(Q3 Un-audited): EPS was Tk. (1.91) for January-March 2023 as against Tk. 0.17 for January-March 2022; EPS was Tk. (0.93) for July 2022-March 2023 as against Tk. 1.01 for July 2021-March 2022. NOCFPS was Tk. 1.90 for July 2022-March 2023 as against Tk. (0.68) for July 2021-March 2022. NAV per share was Tk. 19.05 as on March 31, 2023 and Tk. 20.65 as on June 30, 2022. (cont.)
- The Board of Directors has recommended No Dividend for the year ended June 30, 2023. Date of AGM: 20.12.2023, Time: 11:3
The Board of Directors has recommended No Dividend for the year ended June 30, 2023. Date of AGM: 20.12.2023, Time: 11:30 AM, Venue: Digital Platform. Record Date: 22.11.2023. The Company has reported EPS of Tk. (3.12), NAV per share of Tk. 16.87 and NOCFPS of Tk. 1.86 for the year ended June 30, 2023 as against Tk. 1.38, Tk. 20.65 and Tk. (0.56) respectively for the year ended June 30, 2022. (cont.)
- Q3 Financials
(Continuation news of METROSPIN): Reasons for significant deviation in EPS and NOCFPS: Earnings per share decreased due to decrease in unit price of finished goods, increased of cost of Goods Sold, operational and utility cost including financial charges compare to the previous year. NOCFPS increased due to decrease payment for cost and expenses, comparison to the previous period of previous year. (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 (29.10.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Dividend Declaration
(Continuation news of METROSPIN): Reasons for deviation in EPS, NOCFPS and NAVPS: Earnings per share decreased due to decrease in unit price of finished goods, increase of Cost of Goods Sold, operational and utility cost including financial charges compared to the previous year. NOCFPS increased due to decrease of payment for cost and expenses compared to the same period of previous year. Losses from operations resulted in a decline in NAV during the period. (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, 2023 at 10:30 AM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
- 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 October 28, 2023 at 10:30 AM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2023.
- Alpha Credit Rating Limited (Alpha Rating) has assigned the Surveillance rating of the Company as \"BBB+\" in the long t
Alpha Credit Rating Limited (Alpha Rating) has assigned the Surveillance rating of the Company as \"BBB+\" in the long term and \"ST-3\" in the short term along with Stable outlook based on the audited financial statements as on June 30, 2022 and relevant qualitative information till October 10, 2023.
- Refer to their earlier news disseminated by DSE on 08.08.2023 regarding import of machineries to replace the old machine
Refer to their earlier news disseminated by DSE on 08.08.2023 regarding import of machineries to replace the old machineries, the company has further informed that the production of the company will remain close for the period of 12 months (it may increase or decrease) for the reconstruction of Factory Building, Erection and Installation of Machinery and Commissioning and Trial Production. The company expects that the BMRE will be completed within said period. They have mentioned that some portion (cont.)
- Production to remain close for implementation of BMRE
(Cont. news of METROSPIN): of old machinery will be sold after dismantling. The Company will further notify the progress of BMRE implementation and resume of commercial production to the shareholders and regulatory in due course of time. The company has also informed that after implementation of the BMRE, the production capacity of the project will be increased remarkably i.e 110% from the existing production capacity thus the turnover and profitability will also increase accordingly. (end)
The first part of this announcement is missing from the archive. - Address Change of registered office
The Company has informed that the Board of Directors of the company has decided to shift its registered office to new address: House-01 (1st Floor), Road-06, Sector-01, Uttara, Dhaka-1230. However, the corporate office and share office of the company will remain unchanged.
- In line with the PSI published on 11.10.2021 regarding the BMRE project, the company has further informed that they have
In line with the PSI published on 11.10.2021 regarding the BMRE project, the company has further informed that they have opened LC of 24,000 spindles for the import of latest automated capital machineries with modern technology (Blow Room, Carding, Simplex, Auto cone) to replace the similar numbers of old machineries\'/existing machineries\' capacity of 24,000 spindles. (cont.)
- Regarding import of machineries to replace the old machineries
(Continuation news of METROSPIN): After implementation of the BMRE, the total spindle capacity will be 35,520 spindles and the production capacity of the project will be increased by 110% from the existing production capacity. The project is designed to produce all types of yarn which includes value added Man-Made Fiber (MMF) yarn besides the cotton yarn. (end)
The first part of this announcement is missing from the archive. - Query Response
In response to a DSE query, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- Resignation of existing CS and appointment of new CS
The company has informed that the Board of Directors has accepted the resignation of Mr. Md. Mozammel Hoque, existing Company Secretary of the company and appointed Mr. Mohammad Jewel Rana as new Company Secretary of the company.
- Resignation of an Independent Director
The company has informed that Mr. Md. Iftikhar-Uz-Zaman has resigned from his position of Independent Director from the Board of the company.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.47 for October-December 2022 as against Tk. 0.45 for October-December 2021; EPS was Tk. 0.98 for July-December 2022 as against Tk. 0.85 for July-December 2021. NOCFPS was Tk. 1.31 for July-December 2022 as against Tk. 0.46 for July-December 2021. NAV per share was Tk. 20.97 as on December 31, 2022 and Tk. 20.65 as on June 30, 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.
- 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 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2022.
- BSEC rejected issuance of 5% Stock Dividend
Refer to their earlier news disseminated by DSE on 30.10.2022 regarding Dividend Declaration, the company has further informed that the decision to raise paid-up capital through issuance of 5% stock dividend for the year ended June 30, 2022 has been rejected by Bangladesh Securities and Exchange Commission.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.