Paramount Textile PLC. announcements
243 Dhaka Stock Exchange announcements for Paramount Textile PLC. (PTL) since 2013: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (21).
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.62 for July-September, 2018 as against Tk. 0.38 for July-September, 2017; NOCFPS was Tk. 0.35 for July-September, 2018 as against Tk. 0.49 for July-September, 2017. NAV per share was Tk. 21.40 as on September 30, 2018 and Tk. 19.51 as on September 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 November 14, 2018 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Resumption after Record Date
Trading of the shares of the Company will resume on 12.11.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 11.11.2018.
- 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 07.11.2018 to 08.11.2018. Trading of the shares of the Company will remain suspended on record date i.e., 11.11.2018.
- Updating information
The Company has requested the members to update their 12 digits e-Tin number, Bank Accounts, Address and Mobile Number in the BO Account through their respective DPs. If anyone fails to update their e-Tin information; Income Tax at source will be deducted from Cash Dividend @ 15% instead of 10% as per amended Income Tax Ordinance, 1984 under Section 54.
- Dividend Declaration
The Board of Directors has recommended 7% cash and 5% stock dividend for the year ended on June 30, 2018. Date of AGM: 08.12.2018, Time: 10:00 AM, Venue: Spectra Convention Center Ltd. (King's Hall), House # 19, Road # 07, Gulshan-1, Dhaka. Record Date: 11.11.2018. The Company has also reported EPS of Tk. 2.15, NAV per share of Tk. 20.78 and NOCFPS of Tk. 2.67 for the year ended on June 30, 2018 as against Tk. 1.74 (restated), Tk. 19.13 (restated) and Tk. 6.64 (restated) respectively for the same (cont.) (Continuation news of PTL): period of the previous year. The Company has changed its policy for recognition of EDF & UPAS liability for Raw Materials from financial mode to Operating mode etc. during the year. To adjust these, they needed to reflect the same in the previous year data relating to the head for fair presentation. The Company covered these Policy changes in the Notes to the Financial Statement in details. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (22.10.2018) 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 21, 2018 at 6:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Decision to purchase some brand new machineries
The Company has informed that the Board of Directors has decided to purchase few brand new capital machineries as a part of BMRE Program and the post import facilities will be settled down by 5 years local currency term loan from Pubali Bank Limited. The specifications of the machineries are as follows: Name and origin of Machineries: GE Jenbacher Natural Gas Genset (Austria), Rotary Screen Endring 640 MM (2080 pc) (Italy) and Hydroexractor Machine (Italy). (cont.) (Continuation news of PTL): Modes of payment: Irrevocable L/C at sight, Irrevocable L/C at sight, 100% irrevocable LC at sight and Prices of each machine: Euro 295,000.00, Euro 112,592.00 and Euro 65,000.00 respectively. (end)
- 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. 0.49 for January-March 2018 as against Tk. 0.41 for January-March 2017; EPS was Tk. 1.26 for July 2017-March 2018 as against Tk. 1.09 for July 2016-March 2017. NOCFPS was Tk. 1.42 for July 2017-March 2018 as against Tk. 1.52 for July, 2015-March, 2016. NAV per share was Tk. 19.90 as on March 31, 2018 and Tk. 19.13 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 28, 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.
- Credit Rating Result
Alpha Credit Rating Limited (AlphaRating) has rated the Company as "AA" in the long term and "ST-1" in the short term along with a stable outlook based on audited financial statements of the Company as on June 30, 2017 and relevant qualitative information till April 11, 2018.
- LOI received by Paramount BTrac Energy Consortium from BPDB to develop HSD
The Company has informed that Paramount BTrac Energy Consortium has received a Letter of Intent (LOI) on February 27, 2018 from Bangladesh Power Development Board (BPDB) for the development of a Heavy Speed Fuel (HSD) based power generation facility of 200 MW (net) capacity at Baghabari, Sirajgonj, Bangladesh under the Private Sector Power Generation Policy of Bangladesh on Build, (cont.) (Continuation news of PTL): Own and Operate (BOO) basis for a period of 5 years commencing on Commercial Operation Date (COD). The Company has decided to give their consent to accept the same. The facility will be implemented and operated by Paramount BTrac Energy Limited, a special Vehicle Company, sponsored by Paramount Textile Limited (PTL) with 49% shareholding and Bangla Trac Limited (BTL) with 51% shareholding. (end)
- Buy Confirmation
Paramount Insurance Company Limited (where some Directors of Paramount Insurance Company Limited are also the Directors of Paramount Textile Limited) has further reported that it has completed its buy of 2,50,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.39 for October-December, 2017 as against Tk. 0.30 for October-December, 2016; EPS was Tk. 0.77 for July-December, 2017 as against Tk. 0.68 for July-December, 2016. NOCFPS was Tk. 0.39 for July-December, 2017 as against Tk. 0.05 for July-December, 2016. NAV per share was Tk. 19.44 as on December 31, 2017 and Tk. 18.08 as on December 31, 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 January 30, 2018 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on June 30, 2017 to the respective shareholders' BO Accounts on January 07, 2018. The payment of cash dividend has been disbursed to the shareholders' Bank Accounts through BEFTN.
- Changing name of the consortium and replacing its operating member
With reference to their earlier news disseminated by DSE on 04.01.2018 regarding Formation of a new consortium for establishing Power Plant, the Company has further informed that the Board of Directors has decided to exclude the name of Acorn Infrastructure Services Ltd. (cont.) (Continuation news of PTL): from Paramount Acorn Energy Consortium and would like to include Bangla Trac Limited as the partner of the consortium from their end and the new name of the consortium would be "Paramount BTrac Energy Consortium" but other things remain the same as disclosed in the earlier news. (end)
- Formation of a new consortium for establishing Power Plant
Referring to their earlier news disseminated today the Company has provided the following correction news: "The Board of Directors has decided to restrain the involvement of the Company from all other consortiums which were formed earlier to perform power business with other partners of the consortiums. and form a new Consortium in the name of Paramount Acron Energy Consortium consisted by (cont. 1) The Company has informed that the Board of Directors has decided to restrain the involvement of the Company from PPV Energy Consortium and form a new Consortium in the name of Paramount Acron Energy Consortium consisted by 1. Paramount Textile Ltd., 2. Acron Infrastructure Services Ltd. for establishing a 200 MW HSD Fired Engine Based Power Plant on Build, Own and Operate (BOO) basis upon getting permission from the concern authority at Baghabari, Sirajgonj, Bangladesh under (cont.) (Continuation news of PTL): The Board has also decided that Paramount Textile Limited will act as the Lead Member and contribute about 50% of the Paid-up Share Capital in the total equity of the Consortium among the members of the consortium. The remaining 50% will be contributed by Acron infrastructure Services Ltd. as the Operating Member." (end) (Continuation news of PTL): 1. Paramount Textile Ltd., 2. Acron Infrastructure Services Ltd. for establishing a 200 MW HSD Fired Engine Based Power Plant on Build, Own and Operate (BOO) basis upon getting permission from the concern authority at Baghabari, Sirajgonj, Bangladesh under Bangladesh Power Development Board (BPDB). (cont. 2) (Continuation news of PTL): Bangladesh Power Development Board (BPDB). The Board has also decided that Paramount Textile Limited will act as the Lead Member and contribute about 50% of the Paid-up Share Capital in the total equity of the Consortium among the members of the consortium. The remaining 50% will be contributed by Acron infrastructure Services Ltd. as the Operating Member. (end)
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.