Meghna Petroleum Limited announcements
325 Dhaka Stock Exchange announcements for Meghna Petroleum Limited (MPETROLEUM) since 2008: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2012 (34).
- trade will resume after record date
Normal trading of the shares of the Company will resume on 26.12.2012 after record date for AGM & EGM.
- The Company has informed that Mr. Md. Eunusur Rahman has been appointed as the Chairman of the Board of Directors of the
The Company has informed that Mr. Md. Eunusur Rahman has been appointed as the Chairman of the Board of Directors of the Company.
- Normal trading of the shares of the Company will resume on 26.12.2012 after record date for AGM & EGM.
Normal trading of the shares of the Company will resume on 26.12.2012 after record date for AGM & EGM.
- trade will be suspended on record date
Trading of the shares of the Company will remain suspended on record date i.e., 24.12.2012 for AGM & EGM.
- Trading of the shares of the Company will remain suspended on record date i.e., 24.12.2012 for AGM & EGM.
Trading of the shares of the Company will remain suspended on record date i.e., 24.12.2012 for AGM & EGM.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
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 with cum benefit from 19.12.2012 to 23.12.2012. Trading of the shares of the Company will remain suspended on record date i.e., 24.12.2012 for AGM and EGM.
- Qualified Opinion
"A. Qasem & Co." and "Hoda Vasi Chowdhury & Co.", Auditors of the company, have given the following Qualified Opinion in the audit report of the company for the year ended on 30 June 2012: "Basis for qualified opinion: (i) As stated in note 3.1 the legal tittles of the immovable properties acquired from erstwhile MPMCL and PPL have not yet been transferred in favour of the Company which may attract any future legal complicacy. Note: 3.1: The transfer to the Company of the legal titles relating to the immovable properties acquired on March 31, 1978, from Meghna Petroleum Marketing Company Ltd. (MPMCL) and the Padma Petroleum Ltd. (PPL) is still pending. Such immovable properties continue to remain registered in the name of "ESSO, MPMCL or PPL" (Continuation of news of MPETROLEUM): as the case may be. However the physical possession of the immovable properties of the MPMCL and PPL which were acquire by the Company on March 31, 1978 continues to remain with the Company. BPC in whom the aforesaid properties were originally vested under section 31(C) of the Ordinance No. LXXXVIII of 1976 has undertaken to execute and register the transfer on demand by the Company of the immovable properties described in schedule "C" of the Agreement for sale executed on February 29, 1984 between BPC and the Company. (ii) The Company has been showing Tk. 35,271,384 in stock (with corresponding provision of Tk. 26,444,174 for possible Recoverability) being the net value of products at current price given on loan to other units of BPC which is outstanding since 2003 although the possibility of its recovery is very bleak (Note-6.3). Note: 6.3: There was reportedly a system of borrowing as well as issuing of products on loan to various BPC units. This system was discontinued since 2003. The Company's account shows 464,502 Ltr Petroleum Products and 13,772 Ltr additives receivables from others and 164,246 Ltr Petroleum Products due to others. Exchanges/Borrowings took place during 1979 to 2003 and at current cost price the net value of product receivable is Tk. 35,271,384 which is doubtful of recovery and Tk. 26,444,174 has been provided for in the accounts."
- (Qualified Opinion): "A. Qasem & Co." and "Hoda Vasi Chowdhury & Co.", Auditors of the company, have given the following
(Qualified Opinion): "A. Qasem & Co." and "Hoda Vasi Chowdhury & Co.", Auditors of the company, have given the following Qualified Opinion in the audit report of the company for the year ended on 30 June 2012: "Basis for qualified opinion: (i) As stated in note 3.1 the legal tittles of the immovable properties acquired from erstwhile MPMCL and PPL have not yet been transferred in favour of the Company which may attract any future legal complicacy. Note: 3.1: The transfer to the Company of the legal titles relating to the immovable properties acquired on March 31, 1978, from Meghna Petroleum Marketing Company Ltd. (MPMCL) and the Padma Petroleum Ltd. (PPL) is still pending. Such immovable properties continue to remain registered in the name of "ESSO, MPMCL or PPL" (Cont.-1)
- (Continuation of news of MPETROLEUM): as the case may be. However the physical possession of the immovable properties of
(Continuation of news of MPETROLEUM): as the case may be. However the physical possession of the immovable properties of the MPMCL and PPL which were acquire by the Company on March 31, 1978 continues to remain with the Company. BPC in whom the aforesaid properties were originally vested under section 31(C) of the Ordinance No. LXXXVIII of 1976 has undertaken to execute and register the transfer on demand by the Company of the immovable properties described in schedule "C" of the Agreement for sale executed on February 29, 1984 between BPC and the Company. (ii) The Company has been showing Tk. 35,271,384 in stock (with corresponding provision of Tk. 26,444,174 for possible Recoverability) (Cont.-2)
The first part of this announcement is missing from the archive. - (Continuation of news of MPETROLEUM): being the net value of products at current price given on loan to other units of B
(Continuation of news of MPETROLEUM): being the net value of products at current price given on loan to other units of BPC which is outstanding since 2003 although the possibility of its recovery is very bleak (Note-6.3). Note: 6.3: There was reportedly a system of borrowing as well as issuing of products on loan to various BPC units. This system was discontinued since 2003. The Company's account shows 464,502 Ltr Petroleum Products and 13,772 Ltr additives receivables from others and 164,246 Ltr Petroleum Products due to others. Exchanges/Borrowings took place during 1979 to 2003 and at current cost price the net value of product receivable is Tk. 35,271,384 which is doubtful of recovery and Tk. 26,444,174 has been provided for in the accounts." (end)
The first part of this announcement is missing from the archive. - Q1 Earnings 2012-13
As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2012 (July'12 to Sep'12), the company has reported profit after tax of Tk. 397.19 million with basic EPS of Tk. 6.30 as against Tk. 186.45 million and Tk. 2.96 (restated) respectively for the same period of the previous year. However, considering proposed bonus share @ 30% for the year 2012, restated basic EPS will be Tk. 4.84 as on 30.09.2012 and Tk. 2.27 as on 30.09.2011.
- (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2012 (July'12 to Sep'12), the com
(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2012 (July'12 to Sep'12), the company has reported profit after tax of Tk. 397.19 million with basic EPS of Tk. 6.30 as against Tk. 186.45 million and Tk. 2.96 (restated) respectively for the same period of the previous year. However, considering proposed bonus share @ 30% for the year 2012, restated basic EPS will be Tk. 4.84 as on 30.09.2012 and Tk. 2.27 as on 30.09.2011.
- There will be no price limit on the trading of the shares of the Company today (26.11.2012) following its corporate decl
There will be no price limit on the trading of the shares of the Company today (26.11.2012) following its corporate declaration.
- The Board of Directors has recommended cash dividend @ 45% (i.e. Tk. 4.50 per share of Tk. 10.00 each) and stock dividen
The Board of Directors has recommended cash dividend @ 45% (i.e. Tk. 4.50 per share of Tk. 10.00 each) and stock dividend @ 30% for the year ended on June 30, 2012. The Board has also decided to hold an EGM to consider and if thought fit, approve the proposed amalgamation and scheme of the same of Salateen Syndicate Limited (subsidiary of Meghna Petroleum Ltd.) with Meghna Petroleum Ltd. Date of EGM and AGM: 26.01.2013, Time of EGM and AGM: 10:30 AM and 11:30 AM respectively, Venue: Main Installation, Guptakhal, Chittagong. Record date: 24.12.2012. The Company has also reported profit after tax of Tk. 1,392.10 million, EPS of Tk. 22.07, NAV per share of Tk. 57.03 and NOCFPS of Tk. 34.13 for the year ended on June 30, 2012.
- As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on November 22, 2012 at 5:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2012.
- Normal trading of the shares of the Company will resume on 13.06.2012 after record date for EGM.
Normal trading of the shares of the Company will resume on 13.06.2012 after record date for EGM.
- Trading of the shares of the Company will remain suspended on record date i.e., 12.06.2012 for EGM.
Trading of the shares of the Company will remain suspended on record date i.e., 12.06.2012 for EGM.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
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 07.06.2012 to 11.06.2012. Trading of the shares of the Company will remain suspended on record date i.e., 12.06.2012 for EGM.
- The Company has further informed that the Record date for EGM will now be 12.06.2012 instead of 10.06.2012. Other inform
The Company has further informed that the Record date for EGM will now be 12.06.2012 instead of 10.06.2012. Other information of the EGM as announced earlier.
- The Company has informed that the Board of Directors of the Company has decided to hold an EGM on 14.07.2012 at 11:30 AM
The Company has informed that the Board of Directors of the Company has decided to hold an EGM on 14.07.2012 at 11:30 AM at Hotel Saint Martin, Agrabad, Chittagong to consider and if thought fit, approve the proposed amalgamation of Salateen Syndicate Limited (Subsidiary of Meghna Petroleum Ltd.) with Meghna Petroleum Limited. The record date for EGM: 10.06.2012.
- (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2012 (Jan'12 to March'12), the Compan
(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2012 (Jan'12 to March'12), the Company has reported profit after tax of Tk. 403.64 million with EPS of Tk. 6.40 as against Tk. 177.49 million and Tk. 2.81 (restated) respectively for the same period of the previous year. Whereas profit after tax was Tk. 831.88 million with EPS of Tk. 13.19 for the period of nine months (July'11 to March'12) ended on 31.03.2012 as against Tk. 431.56 million and Tk. 6.84 (restated) respectively for the same period of the previous year.
- - In connection with their news...
In connection with their news disseminated by DSE on 10.05.2010 & 24.05.2010 regarding proposal for amalgamation of Salateen Syndicate Limited with Meghna Petroleum Limited and subsequent show cause notice issued by DSE on 21.03.2012 regarding the same mater, the Company has informed that on subsequent review they find that there had been certain inadvertent errors in the process which require redoing/re-submission of the whole matter. Under the circumstances, the Company has cancelled the said proposal of amalgamation and informed that they will submit afresh proposal after compliance with all legal requirements.
- In connection with their news disseminated by DSE on 10.05.2010 & 24.05.2010 regarding proposal for amalgamation of Sala
In connection with their news disseminated by DSE on 10.05.2010 & 24.05.2010 regarding proposal for amalgamation of Salateen Syndicate Limited with Meghna Petroleum Limited and subsequent show cause notice issued by DSE on 21.03.2012 regarding the same mater, the Company has informed that on subsequent review they find that there had been certain inadvertent errors in the process which require redoing/re-submission of the whole matter. Under the circumstances, the Company has cancelled the said proposal of amalgamation and informed that they will submit afresh proposal after compliance with all legal requirements.
- The Company has requested the concerned shareholders to collect their dividend warrants for the year ended on June 30, 2
The Company has requested the concerned shareholders to collect their dividend warrants for the year ended on June 30, 2011 from Head Office, 58-59, Agrabad C/A, Chittagong (Chittagong and Sylhet) and Dhaka Office, Meghna Bhaban, 131 Mothijeel C/A, Dhaka (Dhaka & other then Chittagong, Sylhet) from 20 March, 2012 to 22 March, 2012 during 9:30 a.m. to 5:00 p.m.
- DSE has issued show cause cum hearing notice to the Managing Director of the Company in connection with regulation 36(A)
DSE has issued show cause cum hearing notice to the Managing Director of the Company in connection with regulation 36(A)(1) of Listing Regulations of the Dhaka Stock Exchange Ltd.
- The Company has informed that Mr. Sharif Ashrafuzzaman has been appointed as the Managing Director of the Company.
The Company has informed that Mr. Sharif Ashrafuzzaman has been appointed as the Managing Director of the Company.
- The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2011 to the respective sha
The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2011 to the respective shareholders' BO Accounts on March 06, 2012.
- (H/Y): As per un-audited half yearly accounts as on 31.12.11 (July'11 to Dec'11), the Company has reported profit after
(H/Y): As per un-audited half yearly accounts as on 31.12.11 (July'11 to Dec'11), the Company has reported profit after tax of Tk. 428.24 million with basic EPS of Tk. 8.83 as against Tk. 254.08 million and Tk. 5.24 (restated) respectively for the same period of the previous year. However, considering proposed bonus share @ 30% for the year 2010-11, restated basic EPS will be Tk. 6.79 as on 31.12.11 (July'11 to Dec'11) and Tk. 4.03 as on 31.12.10 (July'10 to Dec'10). (cont.)
- (continuation of news of MPETROLEUM-H/Y): Whereas profit after tax was Tk. 241.76 million with basic EPS of Tk. 4.98 for
(continuation of news of MPETROLEUM-H/Y): Whereas profit after tax was Tk. 241.76 million with basic EPS of Tk. 4.98 for the period of 3 months (Oct'11 to Dec'11) ended on 31.12.11 as against Tk. 138.99 million and Tk. 2.87 (restated) respectively for the same period of the previous year. However, considering proposed bonus share @ 30% for the year 2010-11, restated basic EPS will be Tk. 3.83 as on 31.12.11 (Oct'11 to Dec'11) and Tk. 2.20 as on 31.12.10 (Oct'10 to Dec'10). (end).
The first part of this announcement is missing from the archive. - - Normal trading of the shares...
Normal trading of the shares of the company will resume on 08.01.2012 after record date for AGM & EGM
- Normal trading of the shares of the company will resume on 08.01.2012 after record date for AGM & EGM.
Normal trading of the shares of the company will resume on 08.01.2012 after record date for AGM & EGM.
- - Trading of the shares...
Trading of the shares of the Company will remain suspended on record date i.e., 05.01.2012 for AGM & EGM
- Trading of the shares of the Company will remain suspended on record date i.e., 05.01.2012 for AGM & EGM.
Trading of the shares of the Company will remain suspended on record date i.e., 05.01.2012 for AGM & EGM.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
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 with cum benefit from 02.01.2012 to 04.01.2012. Trading of the shares of the Company will remain suspended on record date i.e., 05.01.2012 for AGM & EGM.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.