DSE:PLFSL

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 2016 (14).

  1. Qualified Opinion

    Auditor of the company has given the following qualified opinion in the audit report of the company for the year ended on 31 December 2015: Basis for qualified opinion: 01.In our audit period, we found a provision shortfall of Tk. 881,433,320 against loan and advance Tk. 3,612,881,600 in margin loan account, Tk 345,594,108 in share A/C and Tk 195,978,600 in investment in placement of shares. The company got permission from Bangladesh Bank vide letter no DFIM (s)/1055/40/2016-1291 dated 10 July, 2016 to defer provision against loan and advance A/C Tk 617,625,148 and share A/C of Tk 345,594,108. 02. The company made the investment in Subsidiary-PLFS investment Ltd. Tk. 160,597,500 as paid up capital but this subsidiary company suffered losses in past few years due to capital market performance and equity of this company turned negative. As per FID circular No. 08 dated August 03, 2002 of Bangladesh Bank the company is required to make provision against this investment. 03. The company entered into an agreement with Paramount Properties Ltd. ( Zenith Holding Ltd. and Zephyr Holdings Ltd- owned by previous directors of the company) to purchase a land measuring total 66.5 katha at green road at a cost of Tk. 1,236,640,000. The same amount was adjusted earlier against directors loan but the land has not been registered in the name of Peoples Leasing and Financial Services Ltd. in absence of regulatory approval. Provision is necessary in this account. 04. Consolidation of financial statements has not been made as per IFRS-10 and Companies Act 1994 although the company held 66.50 % share of PLFS Investment Limited. 05. The company disclosed previous years loss in note 09 under other assets and related Note 2.03, where previous years loss is about 86% of other assets and 32% of total asset but details disclosure note regarding the reason for such loss was not given. Moreover, restatement was not done as per BAS-8. 06. To comply with the policy directives 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 transferring the margin loan to subsidiary has been dealing with the margin loan amount of Tk 4,744,349,000.

  2. 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 up to December 31, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

  3. Q3 Financials

    EPS was Tk. (1.34) for July-September, 2016 as against Tk. 0.15 for July-September, 2015; EPS was Tk. (2.78) for January-September, 2016 as against Tk. 0.06 for January-September, 2015. NOCFPS was Tk. (8.10) for January-September, 2016 as against Tk. 5.72 for January-September, 2015. NAV per share was Tk. 10.20 as of September 30, 2016 and Tk. 15.99 as of September 30, 2015.

  4. 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 October 31, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2016.

  5. Resumption after record date

    Trading of the shares of the Company will resume on 29.08.2016 after record date.

  6. Suspension for record date

    Trading of the shares of the Company will remain suspended on record date i.e., 28.08.2016.

  7. 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 from 11.08.2016 to 24.08.2016. Trading of the shares of the Company will remain suspended on record date i.e., 28.08.2016.

  8. Dividend Declaration

    The Board of Directors has recommended no dividend for the year ended on December 31, 2015. Date of AGM: 22.09.2016, Time: 9:30 AM, Venue: RAOWA Convention Hall, Anchor, 3rd Floor, VIP Road, Mohakhali, Dhaka-1206. Record Date: 28.08.2016. The Company has also reported EPS of Tk. (3.03), NAV per share of Tk. 12.98 and NOCFPS of Tk. (5.83) for the year ended on December 31, 2015 as against Tk. 0.76, Tk. 17.52 and Tk. 2.21 (restated) respectively for the year ended on December 31, 2014.

  9. Price Limit

    There will be no price limit on the trading of the shares of the Company today (04.08.2016) following its corporate declaration.

  10. Category Change

    The Company will be placed in 'Z' category from existing 'A' category with effect from August 07, 2016 as the Company has recommended no dividend for the year ended on December 31, 2015.

  11. Prohibition on providing loan

    DSE NEWS: The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase any security of People's Leasing and Financial Services Ltd. effective from August 07, 2016 as per BSEC Directive No. SEC/CMRRCD/2001-43/169 dated October 01, 2009.

  12. Q1 Financials

    (Q1 Un-audited): EPS was Tk. (1.07) for January-March, 2016 as against Tk. 0.14 for January-March, 2015. NOCFPS was Tk. (4.97) for January-March, 2016 as against Tk. 0.90 for January-March, 2015. NAV per share was Tk. 11.91 as of March 31, 2016 and Tk. 17.67 as of March 31, 2015.

  13. Q2 Financials

    (Q2 Un-audited): EPS was Tk. (0.37) for April-June, 2016 as against Tk. (0.04) for April-June, 2015; EPS was Tk. (1.44) for January-June, 2016 as against Tk. 0.10 for January-June, 2015. NOCFPS was Tk. (2.74) for January-June, 2016 as against Tk. 2.95 for January-June, 2015. NAV per share was Tk. 11.68 as of June 30, 2016 and Tk. 17.62 as of June 30, 2015.

  14. Board Meeting schedule

    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 August 03, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2016 and Second Quarter (Q2) period ended on June 30, 2016. 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 August 03, 2016 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.

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