People's Leasing and Financial Services Limited announcements
453 Dhaka Stock Exchange announcements for People's Leasing and Financial Services Limited (PLFSL) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (15).
- Newly Elected Chairman
The Company has informed that the Board of Directors of the Company has elected Mr. Uzzal Kumar Nandi, FCA as the Chairman of the Company.
- Confirmation of Transfer by a Sponsor
Md. Yousuf Ismail, one of the Sponsors of the Company, has further reported that he has completed his transfer of 37,01,000 shares of the Company to his Spouse Lafifa Yousuf, by way of gift outside the trading system of the Exchange as announced earlier.
- Qualified Audit Opinion
(Qualified Audit Opinion): Auditor of the company has given the following qualified audit opinion in the audit report of the company for the year ended on 31 December 2014: Basis for qualified opinion: 01. Reference to note # 7.0: While verifying borrowers' file we found a shortfall of Tk. 272.72 crore in making provision against different types of overdue loans in 24 (twenty four) borrowers file covering loan amount of Tk. 371.49 crore. Out of this total shortfall, Tk. 223.67 crore was against 06 (six) borrowers, which were transferred to unclassified category from classified loan category and also transferred Taka 22.89 crore from interest 'Âinterest suspense' to 'interest income' in the strength of company's board decision of rescheduling without getting required clearance from Bangladesh Bank. 02. Reference to note # 6.3.1: Consolidation of financial statements has not been made as per BAS - 27 and Companies Act 1994 although the company held 66.50% share of PLFS Investment Limited. The amount of investment of Taka 160,597,500.00 has been shown in the financial statements as "Other Investment in Shares." 03. Reference to note # 7.1.2: To comply with the policy directive of Bangladesh Securities and Exchange Commission (BSEC), margin loan accounts of the leasing companies were to be transferred to its subsidiary and the subsidiary to be so formed is to deal with the margin loan and share business. We observed that the company, without forming its subsidiary, has been dealing with the margin loan and recognised an amount of Taka 83.27 crore as interest income on such margin loan of Taka 705.05 crore.
- Q3 Financials
EPS was Tk. 0.15 for July-September, 2015 as against Tk. 0.29 for July-September, 2014; EPS was Tk. 0.06 for January-September, 2015 as against Tk. 0.73 for January-September, 2014. NOCFPS was Tk. 5.72 for January-September, 2015 as against Tk. (1.94) for January-September, 2014. NAV per share was Tk. 15.99 as of September 30, 2015 and Tk. 17.52 as of December 31, 2014.
- Declaration of Transfer by a Sponsor
Md. Yousuf Ismail, one of the Sponsors of the Company, has expressed his intention to transfer 37,01,000 shares out of his total holding of 37,43,437 shares of the Company to his Spouse Lafifa Yousuf, by way of gift outside the trading system of the Exchange within October 29, 2015.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance rating of the Company as "BBB2" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the institution up to December 31, 2014 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Q2 Financials
(Q2 Un-audited): EPS for April-June, 2015 was Tk. (0.05) as against Tk. 0.20 for April-June, 2014, EPS for Jan-June, 2015 was Tk. 0.10 as against Tk. 0.41 for Jan-June, 2014. NOCFPS was Tk. 2.95 for Jan-June, 2015 as against Tk. 3.81 for Jan-June, 2014. NAV per share was Tk. 17.62 as of June 30, 2015 and Tk. 17.52 as of December 31, 2014.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on December 31, 2014 to the respective shareholders' BO Accounts on July 06, 2015. The payment of sale proceeds of fractional share will be sent to the address of the shareholders within stipulated time.
- Resumption News after Record Date
Normal trading of the shares of the Company will resume on 18.05.2015 after record date.
- Q1 Financials
Profit after tax from Jan15 to March15 was Tk. 39.52 million with basic EPS of Tk. 0.15 as against Tk. 70.97 million and Tk. 0.27 respectively for the same period of the previous year. However, considering proposed bonus share 10% for the year 2014, restated basic EPS will be Tk. 0.14 as on 31.03.2015 and Tk. 0.25 as on 31.03.2014.
- Suspension News for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 17.05.2015.
- Spot News for AGM
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 13.05.2015 to 14.05.2015. Trading of the shares of the Company will remain suspended on record date i.e., 17.05.2015.
- Dividend Declaration
The Board of Directors has recommended 10% stock dividend for the year ended on December 31, 2014. Date of AGM: 25.06.2015, Time: 11:00 AM, Venue: RAOWA CONVENTION HALL, Hall 01, 1st Floor, VIP Road, Mohakhali, Dhaka-1206. Record Date: 17.05.2015. The Company has also reported EPS of Tk. 0.76, NAV per share of Tk. 17.52 and NOCFPS of Tk. 1.50 for the year ended on December 31, 2014.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (04.05.2015) following its corporate declaration.
- Board Meeting
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on April 30, 2015 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.