Rahim Textile Mills PLC. announcements
284 Dhaka Stock Exchange announcements for Rahim Textile Mills PLC. (RAHIMTEXT) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (24).
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has assigned the rating of the Company as "AA-" in the long term and "ST-3" in the short term along with Stable outlook in consideration of its audited financials up to June 30, 2024 also unaudited financials up to September 30, 2024 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 17.11.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 14.11.2024.
- 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 12.11.2024 to 13.11.2024 and trading of the shares of the company will remain suspended on record date i.e., 14.11.2024.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.22 for July-September 2024 as against Tk. 0.12 for July-September 2023; NOCFPS was Tk. 0.33 for July-September 2024 as against Tk. 0.52 for July-September 2023. NAV per share was Tk. 25.04 as on September 30, 2024 and Tk. 24.82 as on June 30, 2023. Reasons for deviation in EPS, NAVPS and NOCFPS: (cont.) (cont. news of RAHIMTEXT): EPS has significantly increased due to decrease in cost of goods sold being efficient in raw material consumption and decrease in gas & electricity consumption for installation of new gas generator as well as decrease of administrative & selling expenses compared to previous period. NOCFPS has decreased due to increase of financial and tax expenses. NAV per share has increased due to increase in retained earnings. (end)
- Regarding expansion of Knit Dyeing and Washing Unit
The company has informed that the Board of Directors approved the proposal of expansion of Knit Dyeing and Washing Unit by installing new machinery at the existing factory premises at Shafipur, Kaliakoir, Gazipur of the company, with Machinery and contingency works at total estimated investment of Tk. 24.76 crore. (cont.) (cont. news of RAHIMTEXT): The proposed new machinery installation will be financed by funds from internal generation as well as taking loan from Banks & other sources. (end) (cont. news of RAHIMTEXT): After installation of new machineries capacity will be added for Knit Dyeing 3,302,400 kgs. per annum and Washing Unit 11,250,000 pcs. garments wash per annum. The new machineries will enable the company to sell its products at higher prices and retain better margin, resulting sales revenue and profitability will increase accordingly. (cont.2)
- Q1 Financials (Correction)
Referring to Q1 Financials news disseminated on today i.e. November 10, 2024, NAV per share would be Tk. 24.82 as on June 30, 2024 instead of as on June 30, 2023. Other information will remain unchanged.
- 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 07, 2024 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- The Board of Directors has recommended 10\% Cash dividend only for general shareholders, who hold 2,748,631 shares and w
The Board of Directors has recommended 10\% Cash dividend only for general shareholders, who hold 2,748,631 shares and which would require Tk. 2,748,631.00 for payment of Cash Dividend, for the year ended June 30, 2024. Sponsors and Directors of the company hold 6,711,052 shares of the company. Date of AGM: 18.12.2024, Time: 10:00 AM, Venue: Digital Platform. Record Date: 14.11.2024. (cont.1)
- (Continuation news of RAHIMTEXT): The Company has also reported EPS of Tk. 1.03, NAV per share of Tk. 24.82 and NOCFPS o
(Continuation news of RAHIMTEXT): The Company has also reported EPS of Tk. 1.03, NAV per share of Tk. 24.82 and NOCFPS of Tk. (7.59) for the year ended June 30, 2024 as against Tk. (13.18), Tk. 23.79 and Tk. 1.69 respectively for the year ended June 30, 2023. (cont.2)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of RAHIMTEXT): Reason for deviation in EPS, NAVPS and NOCFPS: EPS has significantly increased due to increase in sales volume and increase of GP margin for decrease of cost of raw materials as well as decrease of administrative and selling expenses. NAVPS had increased due to increase in retained earnings. NOCFPS had significantly decreased due to decrease of regular collection against receivables. (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 today (23.10.2024) 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 22, 2024 at 2:45 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- Query Response
In response to the DSE query dated September 24, 2024, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- (Q3 Un-audited): EPS was Tk. 0.38 for January-March 2024 as against Tk. (4.39) for January-March 2023; EPS was Tk. 0.63
(Q3 Un-audited): EPS was Tk. 0.38 for January-March 2024 as against Tk. (4.39) for January-March 2023; EPS was Tk. 0.63 for July 2023-March 2024 as against Tk. (9.10) for July 2022-March 2023. NOCFPS was Tk. (17.19) for July 2023-March 2024 as against Tk. 1.87 for July 2022-March 2023. NAV per share was Tk. 24.42 as on March 31, 2024 and Tk. 23.79 as on June 30, 2023. (cont.)
- The company has informed that the Board of Directors approved the proposal for installing new Accessories and Seamless D
The company has informed that the Board of Directors approved the proposal for installing new Accessories and Seamless Dyeing Machinery at the existing factory premises at Shafipur, Kaliakoir, Gazipur of the company, with Machinery, Civil Construction, Local expenses and contingency works at total estimated investment of Tk.13.73 crores. The existing production capacity of the company is 300.00 Lac yards, Dyeing, Printing and Finishing per annum. (cont.1)
- (Continuation News of RAHIMTEXT): After installation of new machineries capacity will be added for Seamless Dyeing of 19
(Continuation News of RAHIMTEXT): After installation of new machineries capacity will be added for Seamless Dyeing of 19.44 lac yards cloth per year and for Accessories capacity with Sewing thread of 31.50 lac cone, Drawcord 45.00 lac pcs, Elastic 252.00 lac yards, Twill tape 45.00 Iac yards, Jaquard tape 7.20 Iac yards and Heat seal 300.00 Iac pcs. per year. As a result, sales revenue will increase by about 24\% and profitability will increase accordingly. (cont.2)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation News of RAHIMTEXT): Reasons for deviation in EPS, NAVPS nad NOCFPS: EPS has increased due to decrease in cost of goods sold for reducing basic raw material price as well as decrease of administrative and selling expenses compared to previous period. NOCFPS has decreased due to increase of accounts receivable and financial expenses. NAV has increased due to increase in retained earnings. (end)
The first part of this announcement is missing from the archive. - Board approval of proposal for expansion by installing machineries
(Continuation News of RAHIMTEXT): The new machineries will enable the company to sell its products at higher prices and retain better margin. The proposed new machinery installation will be financed by funds from internal generation as well as taking loan from Banks and other sources. (end)
The first part of this announcement is missing from the archive. - 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 29, 2024 at 03:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- Name Change of the Company
Dhaka Stock Exchange PLC. (DSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'Rahim Textile Mills PLC.' instead of 'Rahim Textile Mills Limited' with effect from March 12, 2024. Other things (except name) will remain unchanged.
- (Q2 Un-audited): EPS was Tk. 0.13 for October-December 2023 as against Tk. (2.71) for October-December 2022; EPS was Tk.
(Q2 Un-audited): EPS was Tk. 0.13 for October-December 2023 as against Tk. (2.71) for October-December 2022; EPS was Tk. 0.25 for July-December 2023 as against Tk. (4.71) for July-December 2022. NOCFPS was Tk. (9.32) for July-December 2023 as against Tk. (13.32) for July-December 2022. NAV per share was Tk. 24.04 as on December 31, 2023 and Tk. 23.79 as on June 30, 2023. Reasons for deviation in EPS, NAV and NOCFPS: (cont.)
- Q2 Financials
(Continuation news of RAHIMTEXT): EPS has significantly increased due to decrease in cost of goods sold for decreasing basic raw-material consumption price and availability of gas supply as well as increase in unit price of sales respectively. NOCFPS has increased due to increase of creditors and decrease of regular payment for materials, creditors and payment of income tax. NAV has increased due to increase in retained earnings. (end)
The first part of this announcement is missing from the archive. - 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 29, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.