Queen South Textile Mills Limited announcements
136 Dhaka Stock Exchange announcements for Queen South Textile Mills Limited (QUEENSOUTH) since 2018: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (31).
- Spot for entitlement of 6% Stock Dividend
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 29.12.2022 to 01.01.2023. Trading of the shares of the Company will remain suspended on record date i.e., 02.01.2023.
- The Company has informed that shareholders of the company in its 20th AGM held on December 22, 2022 at 10:00 AM approved
The Company has informed that shareholders of the company in its 20th AGM held on December 22, 2022 at 10:00 AM approved the installation of the auto dispensing and modernized salt recovery systems for the company. After installation of auto dispensing and modernized salt recovery systems, the dyes, chemical and water consumption will be reduced (cont.)
- Regarding installation of auto dispensing and salt recovery systems
(Continuation news of QUEENSOUTH): about BDT 11.00 million/monthly which will directly help to increase gross profit of the company. The cost associated with the installation of the auto dispensing and modernized salt recovery systems is BDT 160.00 million. (end)
The first part of this announcement is missing from the archive. - BSEC Consent and Record date for entitlement of 6% Stock Dividend
The Company has further informed that BSEC has accorded consent for issuance of 6% Stock Dividend for the year ended June 30, 2022. Record date for entitlement of the aforesaid Bonus Shares is 02.01.2023.
- The auditor of the Queen South Textile Mills Limited has given the \"Emphasis of Matter\" paragraphs in the Auditor\'s R
The auditor of the Queen South Textile Mills Limited has given the \"Emphasis of Matter\" paragraphs in the Auditor\'s Report for the year ended 30 June 2022. Emphasis of Matter: We draw attention on the matters as disclosed below: According to the rule no. 212 of the Bangladesh Labor Rules 2015 read with the section no. 232 of the Bangladesh Labor Law 2006 (amended 2013), (cont.1)
- (Continuation news of QUEENSOUTH): the Company was supposed to introduce Worker\'s Profit Participation Fund (WPPF) with
(Continuation news of QUEENSOUTH): the Company was supposed to introduce Worker\'s Profit Participation Fund (WPPF) with effect from 15th March 2016. But no such fund was introduced with retrospective effect from that date on the reason of being a unit under EPZ. However necessary provision @0.03\% against each and every export order as per rule 214 with retrospective effect need be introduced without further delay. Ref note no 2.16. Note 2.16 Employee Benefits: The company maintains defined (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of QUEENSOUTH): contribution plan and defined benefit plan for its eligible permanent employees. The
(Continuation news of QUEENSOUTH): contribution plan and defined benefit plan for its eligible permanent employees. The eligibility is determined according to the terms and conditions set forth in the respective agreements/trust deeds. The company has accounted for and disclosed employee benefits in compliance with the provision of BAS 19 : Employee Benefits The cost of employee benefit is charged off as revenue expenditure in (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of QUEENSOUTH): the year to which the contributions relate. The company\'s employee benefits include
(Continuation news of QUEENSOUTH): the year to which the contributions relate. The company\'s employee benefits include the following. Defined Contribution Plan (provident fund) The company got recognition from commissioner of Taxes its provident fund scheme (Defined Contribution Plan) vide order no: bw_bs-Av-4/Kt At-4/2007-2008/ for employees of the company eligible to be members of the fund in accordance with (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of QUEENSOUTH): the rules of the provident fund constituted under an irrevocable trust. All permanent
(Continuation news of QUEENSOUTH): the rules of the provident fund constituted under an irrevocable trust. All permanent employees contribute to the provident fund and the company also makes equal contribution. Workers Profit Participation Fund: As per Bangladesh Labour Law 2006, amendment 2013, Chapter 15, Section 232 the company does not maintain Workers Profit Participation Fund (WPPF) for their workers as (cont.5)
The first part of this announcement is missing from the archive. - Emphasis of Matter
(Continuation news of QUEENSOUTH): because Now the company operating EPZ labour ACT 2019, February 28 and as per clause no.174, Section XV we don't need to maintain WPPF until government enforce and instruct to comply the rules. Once government instructs us to deduct @0.03% to maintain the fund the company shall follow accordingly. (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the Company will resume on 16.11.2022 after record date.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.33 for July-September 2022 as against Tk. 0.32 for July-September 2021; NOCFPS was Tk. (0.35) for July-September 2022 as against Tk. 0.53 for July-September 2021. NAV per share was Tk. 16.37 as on September 30, 2022 and Tk. 16.04 as on June 30, 2022.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 15.11.2022.
- QUEENSOUTH : Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 13.11.2022 to 14.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 15.11.2022.
- QUEENSOUTH : 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, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the company
- The Board of Directors has recommended 6\% Cash and 6\% Stock dividend for the year ended June 30, 2022. The Stock divid
The Board of Directors has recommended 6\% Cash and 6\% Stock dividend for the year ended June 30, 2022. The Stock dividend is subject to approval of shareholders in the AGM and subsequent approval of the BSEC. Another Record date for entitlement of Stock dividend will be notified later after getting approval from BSEC. Date of AGM: 22.12.2022, Time: will be notified later, Venue: Digital Platform. Record date: 15.11.2022. (cont.1)
- (Continuation news of QUEENSOUTH): The Company has also reported EPS of Tk. 1.64, NAV per share of Tk. 16.04 and NOCFPS
(Continuation news of QUEENSOUTH): The Company has also reported EPS of Tk. 1.64, NAV per share of Tk. 16.04 and NOCFPS of Tk. 0.54 for the year ended June 30, 2022 as against Tk. 1.25, Tk. 16.31 and Tk. 1.05 respectively for the same period of the previous year. The Company has informed that reasons for declaration of stock dividend are: 1) Bonus shares have been recommended in view to utilize its retained amount as capital for business expansion as well as working capital. (cont.2)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of QUEENSOUTH): 2) Bonus shares are declared out of accumulated profit. 3) Bonus shares are not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company on today (23.10.2022) 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 20, 2022 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.51 for January-March 2022 as against Tk. 0.32 for January-March 2021; EPS was Tk. 1.12 for July 2021-March 2022 as against Tk. 0.80 for July 2020-March 2021. NOCFPS was Tk. 0.64 for July 2021-March 2022 as against Tk. 0.51 for July 2020-March 2021. NAV per share was Tk. 15.53 as on March 31, 2022 and Tk. 16.31 as on June 30, 2021.
- 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 May 11, 2022 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Alpha Credit Rating Limited (AlphaRating) has rated the Company as \"A\" in the long term and \"ST-2\" in the short term
Alpha Credit Rating Limited (AlphaRating) has rated 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 the Company as on June 30, 2021 and relevant qualitative information up to March 20, 2022.
- Appointment of CEO
The Company has informed that Mr. Lai Fong Wai has been appointed as the Chief Executive Officer of the Company with effect from March 13, 2022.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended June 30, 2021 to the respective shareholders' BO Accounts on March 03, 2022 and it has also disbursed the cash dividend to the respective shareholders.
- Resumption after record date
Trading of the shares of the Company will resume on 23.02.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 22.02.2022.
- Spot for entitlement of 10% Stock Dividend
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 17.02.2022 to 20.02.2022. Trading of the shares of the Company will remain suspended on record date i.e., 22.02.2022.
- BSEC consent and Record date for 10% Stock Dividend
The Company has further informed that BSEC has accorded consent for issuance of 10% Stock Dividend for the year ended June 30, 2021. The Company has also informed that the Board of Directors has fixed the Record date on 22.02.2022 for entitlement of the aforesaid Bonus Shares.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.29 for October-December 2021 as against Tk. 0.22 for October-December 2020; EPS was Tk. 0.61 for July-December 2021 as against Tk. 0.49 for July-December 2020. NOCFPS was Tk. 1.29 for July-December 2021 as against Tk. 0.10 for July-December 2020. NAV per share was Tk. 15.01 as on December 31, 2021 and Tk. 16.31 as on June 30, 2021.
- 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, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.