DSE:MPETROLEUM

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 2016 (16).

  1. Basis for Qualified Opinion

    <table width="100%" cellspacing="3" border="0"> <tbody> <tr> <td></td> <td align="justify">The auditors of the company have given the following 'Basis for Qualified Opinion' in the audit report of the company for the year ended on 30 June 2016: Basis for qualified opinion: i) As stated in note 4.01(Property, Plant and Equipment) the legal titles of the immovable properties acquired from erstwhile Meghna Petroleum Marketing Company Limited (MPMCL) and Padma Petroleum Limited (PPL) have not yet been transferred in favour of the Company which may attract any future legal complicacy. ii) The Company has been showing Tk. 30,823,131 in stock (with corresponding provision of Tk. 23,599,638 for possible recoverability) being the net value of products at current price given on loan to other units of Bangladesh Petroleum Corporation (BPC) which is outstanding since 2003 although the possibility of its recovery is very bleak (note-8.03).</td> </tr> </tbody> </table>

  2. Resumption after record

    Trading of the shares of the Company will resume on 26.12.2016 after record date.

  3. Suspension for Record Date

    Trading of the shares of the Company will remain suspended on record date i.e., 22.12.2016.

  4. 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 with cum benefit from 20.12.2016 to 21.12.2016. Trading of the shares of the Company will remain suspended on record date i.e., 22.12.2016.

  5. Dividend Declaration

    The Board of Directors has recommended 105% cash dividend for the year ended on June 30, 2016. Date of AGM: 25.02.2017, Time: 10:30 AM, Venue: Hall-24, near of M. A. Aziz Stadium, Lalkhan Bazar, Chittagong. Record Date: 22.12.2016. The Company has also reported EPS of Tk. 17.10, NAV per share of Tk. 81.11 and NOCFPS of Tk. 109.55 for the year ended on June 30, 2016 as against Tk. 18.80, Tk. 74.51 and Tk. 28.98 respectively for the year ended on June 30, 2015.

  6. Price Limit Open

    There will be no price limit on the trading of the shares of the Company today (13.11.2016) following its corporate declaration.

  7. Q1 Financials

    EPS was Tk. 5.04 for July-September, 2016 as against Tk. 4.91 for July-September, 2015; NOCFPS was Tk. 20.78 for July-September, 2016 as against Tk. 18.95 for July-September, 2015. NAV per share was Tk. 86.15 as of September 30, 2016 and Tk. 81.11 as of June 30, 2016. (Q1 Un-audited): EPS was Tk. 5.04 for July-September, 2016 as against Tk. 4.91 for July-September, 2015; NOCFPS was Tk. 20.78 for July-September, 2016 as against Tk. 18.95 for July-September, 2015. NAV per share was Tk. 86.15 as of September 30, 2016 and Tk. 81.11 as of June 30, 2016.

  8. 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 10, 2016 at 5:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016.

  9. Board Meeting

    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 November 10, 2016 at 5:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2016.

  10. Q3 Financials

    EPS was Tk. 4.89 for January-March, 2016 as against Tk. 3.51 for January-March, 2015; EPS was Tk. 13.28 for July, 2015-March, 2016 as against Tk. 13.07 for July, 2014-March, 2015. NOCFPS was Tk. 16.39 for July, 2015-March, 2016 as against Tk. 9.76 for July, 2014-March, 2015. NAV per share was Tk. 77.29 as of March 31, 2016 and Tk. 74.51 as of June 30, 2015.

  11. Re-fixation of Margin on Petroleum products

    The Company has informed that the Ministry of Power, Energy and Mineral Resources has re-fixed the Company's margin on the petroleum products with effect from 25.04.2016 as follows: Product Name: Diesel from Previous Margin Tk. 0.25 per Ltr. to New Margin Tk. 0.50 per Ltr., Kerosene from Previous Margin Tk. 0.25 per Ltr. to New Margin Tk. 0.50 per Ltr.,Octane from Previous Margin Tk. 0.30 per Ltr. to New Margin Tk. 0.60 per Ltr., Petrol from Previous Margin Tk. 0.30 per Ltr. to New Margin Tk. 0.60 per Ltr., Farnese Oil from Previous Margin Tk. 0.35 per Ltr. to New Margin Tk. 0.55 per Ltr.

  12. Reschedule of Board

    The Company has further informed that as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the meeting of the Board of Directors of the Company will now be held on April 25, 2016 at 5:00 PM instead of April 28, 2016 to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2016.

  13. 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 28, 2016 at 5:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2016.

  14. Cash Dividend Disbursement

    The Company has informed that it has disbursed Cash Dividend for the year ended on June 30, 2015 to the respective shareholders' Bank Accounts through BEFTN System.

  15. Q2 Financials

    EPS was Tk. 3.48 for October-December, 2015 as against Tk. 4.01 for October-December, 2014; EPS was Tk. 8.39 for July-December, 2015 as against Tk. 9.88 for July-December, 2014. NOCFPS was Tk. 12.59 for July-December, 2015 as against Tk. (21.56) for July-December, 2014. NAV per share was Tk. 82.90 as of December 31, 2015 and Tk. 74.51 as of June 30, 2015.

  16. Board Meeting

    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 27, 2016 at 7:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2015.

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