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 2018 (16).
- Basis for Qualified Opinion
(Basis for Qualified Opinion): The auditors of the company have given the following 'Basis for Qualified Opinion' paragraph in the audit report of the company for the year ended on 30 June 2018: 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 (cont.) (Continuation news of MPETROLEUM): not yet been transferred in favour of the Company which may attract any future legal complicacy. ii) The Company has been showing Tk. 31,719,810 in stock (with corresponding provision of Tk. 25,981,162 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). (end)
- Resumption after record date
Trading of the shares of the Company will resume on 03.12.2018 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 02.12.2018 for EGM & AGM.
- Spot News for EGM & 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 28.11.2018 to 29.11.2018. Trading of the shares of the Company will remain suspended on record date i.e., 02.12.2018 for EGM & AGM.
- Dividend Declaration
The Board of Directors has recommended 140% cash dividend for the year ended on June 30, 2018. Date of EGM & AGM: 12.01.2019, Time of EGM & AGM: 10:30 AM & 11:30 AM respectively, Venue: City Hall Convention Center, Agrabad Access Road, Chattogram. Record date for EGM & AGM: 02.12.2018. (cont.) (Continuation news of MPETROLEUM): The Company has also reported EPS of Tk. 33.30, NAV per share of Tk. 113.20 and NOCFPS of Tk. 111.77 for the year ended on June 30, 2018 as against Tk. 20.28, Tk. 90.89 and Tk. 54.39 respectively for the same period of the previous year. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (08.11.2018) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 8.06 for July-September 2018 as against Tk. 6.03 for July-September 2017; NOCFPS was Tk. 49.85 for July-September 2018 as against Tk. 45.99 for July-September 2017. NAV per share was Tk. 121.26 as on September 30, 2018 and Tk. 113.20 as on June 30, 2018.
- Agenda for holding EGM
The Company has further informed that the agenda for holding their EGM on January 12, 2019, is for correction of related clause of 'Articles of Association' regrading increase of number of Directors in the Board of Directors of the Company. Other information of the earlier disclosure will remain unchanged.
- 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 07, 2018 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- 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 November 07, 2018 at 4:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 6.35 for January-March 2018 as against Tk. 4.19 for January-March 2017; EPS was Tk. 18.12 for July 2017-March 2018 as against Tk. 14.31 for July 2016-March 2017. NOCFPS was Tk. 32.27 for July 2017-March 2018 as against Tk. 24.32 for July 2016-March 2017. NAV per share was Tk. 98.47 as on March 31, 2018 and Tk. 91.35 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 22, 2018 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Dividend Disbursement
The Company has informed that it has disbursed Cash Dividend for the year ended on June 30, 2017 to the respective shareholders' Bank Accounts through BEFTN.
- Basis for Qualified Opinion
Basis for Qualified Opinion: The auditors of the company have given the following 'Basis for Qualified Opinion' paragraph in the audit report of the company for the year ended on 30 June 2017: 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 (cont.) (Continuation news of MPETROLEUM): which may attract any future legal complicacy. ii) The Company has been showing Tk. 31,835,803 in stock (with corresponding provision of Tk. 26,058,792 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). (end)
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 5.74 for October-December, 2017 as against Tk. 5.07 for October-December, 2016; EPS was Tk. 11.77 for July-December, 2017 as against Tk. 10.12 for July-December, 2016. NOCFPS was Tk. 27.29 for July-December, 2017 as against Tk. 22.97 for July-December, 2016. NAV per share was Tk. 103.12 as on December 31, 2017 and Tk. 91.35 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 January 29, 2018 at 4:30 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.