Mozaffar Hossain Spinning Mills Limited announcements
204 Dhaka Stock Exchange announcements for Mozaffar Hossain Spinning Mills Limited (MHSML) since 2014: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (16).
- Emphasis of Matter
Emphasis of Matter: The auditor of the company has given the following "Emphasis of Matter" in the audit report of the company for the year ended on 30.06.2018: Emphasis of Matter: We draw attention to notes no-4.4 enclosed in the financial statements. Note No 4.4: Going Concern: As per IAS-1, a company is required to make assessment at the end of each year to assess its capability to continue as going concern. (cont. 1) (Continuation news of MHSML): Expansion project of 36,000 Spindle Ring Spinning Mills are under construction. Due to power up-gradation and short supply of Gas, 50% of rotor machine are shut down from May 2018, as a result daily yarn production and revenue will be less than regular expectation for the time being. (end) (Continuation news of MHSML): Management of the company makes such assessment each year. The company has adequate resources to continue in operation for the foreseeable future and has wide coverage of its liabilities. For this reason, the Directors continue to adopt the going concern assumption while preparing the financial statements. (cont. 2)
- Resumption after record date
Trading of the shares of the Company will resume on 25.11.2018 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2018.
- Spot News
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 with cum benefit from 19.11.2018 to 20.11.2018. Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2018.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.12) for July-September, 2018 as against Tk. 0.29 for July-September, 2017; NOCFPS was Tk. (0.24) for July-September, 2018 as against Tk. 0.62 for July-September, 2017. NAV per share was Tk. 17.25 as on September 30, 2018 and Tk. 17.37 as on June 30, 2018.
- 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, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Dividend Declaration
The Board of Directors has recommended 5% stock dividend for the year ended on June 30, 2018. Date of AGM: 22.12.2018, Time: 10:30 AM, Venue: DOHS Baridhara Convention Center, Baridhara DOHS Parishad, DOHS Baridhara, Dhaka Cantonment, Dhaka. Record Date: 22.11.2018. The Company has also reported EPS of Tk. 0.51, NAV per share of Tk. 17.37 and NOCFPS of Tk. 2.02 for the year ended on June 30, 2018 as against Tk. 1.60, Tk. 16.86 and Tk. 1.47 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.10.2018) 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 27, 2018 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- BMRE Project (Ring Partial) Shut Down Notice
The Company has informed that under BMRE, (Ring) construction works of Mozaffar Hossain Spinning Mills Limited are ongoing and shipment of some machinery are already done. It is needed to re-structure utility as well modification is needed at the existing unit (cont.) (Continuation news of MHSML): to prepare the site for installation setup of the machineries. As such, management had decided to make a partial shutdown (50% of the capacity) for the time being. The Company is informing that the machine at rotor unit will be shut at 50% capacity with effect from May 6, 2018. (end)
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.13 for January-March 2018 as against Tk. 0.79 for January-March 2017; EPS was Tk. 0.65 for July 2017-March 2018 as against Tk. 1.95 for July 2016-March 2017. NOCFPS was Tk. 0.55 for July 2017-March 2018 as against Tk. 1.27 for July 2016-March 2017. NAV per share was Tk. 17.51 as on March 31, 2018 and Tk. 16.86 as on June 30, 2017.
- 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 21, 2018 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Credit Rating Result
Alpha Credit Rating Limited (AlphaRating) has rated the Company as "BB+" in the long term and "ST-4" in the short term along with a stable outlook based on audited financial statements of the Company up to June 30, 2017 and relevant qualitative information up to February 27, 2018.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.24 for October-December, 2017 as against Tk. 0.78 for October-December, 2016; EPS was Tk. 0.53 for July-December, 2017 as against Tk. 1.16 for July-December, 2016. NOCFPS was Tk. 0.43 for July-December, 2017 as against Tk. 1.11 for July-December, 2016. NAV per share was Tk. 17.39 as on December 31, 2017 and Tk. 16.86 as on June 30, 2017.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2017 to the respective shareholders' BO Accounts on January 15, 2018.
- 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 25, 2018 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.