Prime Textile Spinning Mills Limited announcements
260 Dhaka Stock Exchange announcements for Prime Textile Spinning Mills Limited (PRIMETEX) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (18).
- Emphasis of Matter
(Emphasis of Matter): The auditor of the company has given the following "Emphasis of Matter" paragraph in the audit report of the company prepared for the year ended on 30 June 2018. Emphasis of Matter: Without qualifying our opinion, we draw attention to the following matters: Negative operating cash flow: The management of the company explained in note # 26 to the financial statements its position as to why cash flow from operating activities in the current year is negative. (cont. 1) (Continuation news of PRIMETEX): year ended on 30 June, 2018 compared to previous year's production volume. To run production smoothly more or less at same level in normal situation and in environment belong to coming parliament election we have purchased raw materials more and also kept more stock of raw materials compared to previous year's purchase and stock volume of raw materials. (end) (Continuation news of PRIMETEX): compared to previous year's production volume but sales volume had not increased comparatively with same parallel of production volume due to non receipt of adequate order from the customers as well as price was not also suitable in the market. Thus, stock volume of finished goods have increased. Stock of Raw Materials: For rising of production capacity after taking some steps in our mill production volume have increased during the (cont. 6) (Continuation news of PRIMETEX): Finished Goods Tk. 58,024,443.00, Waste Cotton Tk. 672,745.00 and Store, Spare, Packing Materials & Others Tk. 66,357,037.00. Reasons for changes in year end inventory holding Position: Total Inventories have increased by Tk. 51,25,60,912.00 mainly due to increase in stock of finished goods and raw materials. Stock of finished Goods: For taking some steps in our mill production volume have increased during the year ended on 30 June, 2018 (cont. 5) (Continuation news of PRIMETEX): Note # 5: Inventories Tk. 961,236,427.00 for the year 2017-18 which made up as follows: Raw materials Tk. 414,297,592.00, Work-in-Process Tk. 127,150,104.00, Finished Goods Tk. 359,609,495.00, Waste Cotton Tk. 622,199.00 and Store, Spare, Packing Materials & Others Tk. 59,557,037.00. Inventories Tk. 448,675,515.00 for the year 2016-17 which made up as follows: Raw materials Tk. 195,492,164.00, Work-in-Process Tk 128,129,126.00, (cont. 4) (Continuation news of PRIMETEX): Reason for Decrease in NOCFPS: During the year company's net operating cash flow per share has decreased mainly due to payment against L/C for purchase of raw materials. Changes in inventory holding position: The management of the company explained in note # 5 to the financial statements the reasons as to why current year-end inventory holding position has increased in comparison with previous year. (cont. 3) (Continuation news of PRIMETEX): Note # 26 Net Operating Activities Cash Flows Per share (NOCFPS) 2017-18: Operating Cash Inflow/(Outflow) during the year Tk. (135,731,769.00), Number of Share 38,200,000 and Net Operating Cash Flow Per share (NOCFPS) Tk. (3.55). Net Operating Activities Cash Flows Per share (NOCFPS) 2016-17: Operating Cash Inflow/(Outflow) during the year Tk. 271,690,967.00, Number of Share 38,200,000 and Net Operating Cash Flow Per share (NOCFPS) Tk. 7.11. (cont. 2)
- Date and Time Change of AGM
The Company has further informed that their 30th AGM will now be held on December 28, 2018 at 10:00 AM instead of earlier declared date December 29, 2018. Other information of the earlier disclosure will remain unchanged.
- Credit Rating Result
National Credit Ratings Limited (NCR) has announced the surveillance rating of the Company as "A+" in the long term and "ST-2" in the short term along with a stable outlook based on audited financial statements of June 30, 2018.
- Resumption after record date
Trading of the shares of the Company will resume on 26.11.2018 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2018.
- 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 with cum benefit from 20.11.2018 to 22.11.2018. Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2018.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.27 for July-September 2018 as against Tk. 0.27 for July-September 2017; NOCFPS was Tk. 1.34 for July-September 2018 as against Tk. (5.32) for July-September 2017. NAV per share was Tk. 49.03 as on September 30, 2018 and Tk. 48.72 as on June 30, 2018.
- 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 08, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend for the year ended on June 30, 2018. Date of AGM: 29.12.2018, Time: 11:00 AM, Venue: Mill Premises, Nandalalpur Road, Pagla, Narayanganj. Record Date: 25.11.2018. The Company has also reported EPS of Tk. 1.05, NAV per share of Tk. 48.72 and NOCFPS of Tk. (3.55) for the year ended on June 30, 2018 as against Tk. 1.04, Tk. 48.48 and Tk. 7.11 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 (31.10.2018) 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 October 30, 2018 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Query Response
In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Query Response
In response to a DSE query dated June 26, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.26 for January-March, 2018 as against Tk. 0.25 for January-March, 2017; EPS was Tk. 0.73 for July 2017-March 2018 as against Tk. 0.72 for July 2016-March 2017. NOCFPS was Tk. (3.56) for July 2017-March 2018 as against Tk. 7.09 for July 2016-March 2017. NAV per share was Tk. 48.38 as on March 31, 2018 and Tk. 48.48 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 30, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.21 for October-December, 2017 as against Tk. 0.21 for October-December, 2016; EPS was Tk. 0.48 for July-December, 2017 as against Tk. 0.47 for July-December, 2016. NOCFPS was Tk. (4.65) for July-December, 2017 as against Tk. 2.17 for July-December, 2016. NAV per share was Tk. 48.16 as on December 31, 2017 and Tk. 50.69 as on December 31, 2016.
- Cash Dividend Disbursement
The Company has requested the concerned shareholders to collect their dividend warrants for the year ended on June 30, 2017 from the Share Department of the Company at Sena Kalyan Bhaban (8th Floor), 195, Motijheel C/A, Dhaka-1000 from January 28, 2018 to January 31, 2018 between 10:00 AM to 4:30 PM. The rest of the dividend warrants will be delivered through courier service to the shareholders' addresses.
- 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 25, 2018 at 3:00 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.