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 2017 (15).
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.16 for July-September, 2017 as against Tk. (1.32) for July-September, 2016; Consolidated EPS was Tk. 0.42 for January-September, 2017 as against Tk. (2.47) for January-September, 2016. Consolidated NOCFPS was Tk. 2.74 for January-September, 2017 as against Tk. (7.29) for January-September, 2016. Consolidated NAV per share was Tk. 11.31 as on September 30, 2017 and Tk. 10.16 as on September 30, 2016.
- 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 29, 2017 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, 2017.
- PLFSL Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the rating (surveillance) 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 Company up to December 31, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after Record Date
Trading of the shares of the Company will resume on 08.08.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 07.08.2017.
- Basis of Qualification
(PLFSL: Basis of Qualification): The auditor of the company has given the following "Basis of Qualification" paragraph in the audit report of the company for the year ended on 31 December 2016: Basis of Qualification: i) The cost value of the subsidiary company PLFS investment was Tk. 160,597,500.00. Total equity of this subsidiary as on 31.12.2016 was Tk. 90,723,534.00 and as a result investment was reduced by Tk. 69,873,966.00. Provision against these investments were not made (cont.1) (Continuation news of PLFSL): 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 has been dealing with the margin loan amounting to Tk. 1,164,334,423.00 without transferring the margin loan to subsidiary. (end) (Continuation news of PLFSL): at green road at a cost of Tk. 1,236,640,000.00. The same amount was adjusted earlier against Directors' Loan in 2015 but in the absence of regulatory approval the Land has not been registered in the name of People's Leasing and Financial Services Limited. Provision is necessary in this account. iv) To comply with the policy directives of Bangladesh Securities and Exchange Commission (BSEC), (cont.4) (Continuation news of PLFSL): related Note 2.03, where previous year's loss is about 90% of other assets and 54% of total asset but detailed disclosure note regarding the reason for such loss was not given. Moreover, restatement was not done as per BAS 8. iii) The company entered into an agreement with Paramount Properties Limited (Zenith Holding Limited and Zephyr Holdings Limited-owned by previous directors of the company) to purchase a land measuring total 66.5 katha (cont.3) (Continuation news of PLFSL): as per FID circular no. 06, dated 20 August 2006. In our audit period, we found a provision shortfall of Tk. 1,152,691,079.00 against margin loan, which is shown as Un-Classified in Classification of Loan Statement but as per our calculation status of those loans are considered to be Bad Loss. ii) The company disclosed previous year's loss in note 09 under other assets and (cont.2)
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.21 for January-March, 2017 as against Tk. (1.06) for January-March, 2016. Consolidated NOCFPS was Tk. 1.15 for January-March, 2017 as against Tk. (4.74) for January-March, 2016. Consolidated NAV per share was Tk. 11.06 as of March 31, 2017 and Tk. 11.84 as of March 31, 2016.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.10 for April-June, 2017 as against Tk. (0.36) for April-June, 2016; Consolidated EPS was Tk. 0.31 for January-June, 2017 as against Tk. (1.42) for January-June, 2016. Consolidated NOCFPS was Tk. 1.55 for January-June, 2017 as against Tk. (2.48) for January-June, 2016. Consolidated NAV per share was Tk. 11.15 as of June 30, 2017 and Tk. 11.75 as of June 30, 2016.
- Spot News
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 25.07.2017 to 06.08.2017. Trading of the shares of the Company will remain suspended on record date i.e., 07.08.2017.
- 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 July 25, 2017 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, 2017 and Second Quarter (Q2) period ended on June 30, 2017.
- Query Response
In response to a DSE query dated July 16, 2017, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended on December 31, 2016. Date of AGM: 19.09.2017, Time: 9:30 AM, Venue: RAOWA Convention Hall (Anchor), 3rd Floor, Mohakhali, Dhaka. Record Date: 07.08.2017. The Company has also reported Consolidated EPS of Tk. (1.73), Consolidated NAV per share of Tk. 10.88 and Consolidated NOCFPS of Tk. (4.30) for the year ended on December 31, 2016 as against Tk. (3.18), Tk. 12.62 and Tk. (6.31) respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (12.07.2017) following its corporate declaration.
- 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 July 11, 2017 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2016.
- Address Change of Head Office
The Company has informed that the head office of the Company will be shifted to new address at City Centre (Level-17), 90/1 Motijheel C/A, Dhak-1000 with effect from April 10, 2017.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.