RAK Ceramics (Bangladesh) Limited announcements
303 Dhaka Stock Exchange announcements for RAK Ceramics (Bangladesh) Limited (RAKCERAMIC) since 2010: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (17).
- Q3 Financials
(Continuation news of RAKCERAMIC): because of COVID - 19 impact. Reduction of tax rate by 2.5% as per Finance Act 2021 impacting profit after tax eventually, improving earnings per share. But, cash collection from the customers has not been increased in same proportion due to allowing additional credit term during the pandemic period which is impacting in net operating cash flow inversely. As a result, net operating cash flow per share has been reduced from BDT. 1.05 to BDT. 0.41. (end)
The first part of this announcement is missing from the archive. - Decision to upgradation of machineries of existing tiles plants
The Company has informed that, the Board of Directors has decided to upgradation of machineries of existing tiles plants (plant-1, plant-2 and Plant-4) for production capacity enhancement. The estimated total investment is BDT 525.00 Million. After proposed upgradation of machineries, it is expected that tiles production capacity will increase by 2,400 sqm (estimated) per day.
- 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 26, 2021 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, 2021.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.52 for April-June 2021 as against Tk. (0.44) for April-June 2020; Consolidated EPS was Tk. 1.02 for January-June 2021 as against Tk. (0.09) for January-June 2020. Consolidated NOCFPS was Tk. 0.51 for January-June 2021 as against Tk. (0.57) for January-June 2020. Consolidated NAV per share was Tk. 16.43 as on June 30, 2021 and Tk. 15.60 as on June 30, 2020.
- Q2 Financials (Additional Information)
behind increase of earning per share. Therefore, cash receipts from customer increased in proportion with increase of sales value. The Company registered improvement of cost of goods sold due to enhanced control on cost compared to previous period. Also better management on working capital, including controlled payment terms with supplier has a direct impact on increase of net operating cash flow per share from BDT. negative 0.57 to BDT. positive 0.51. (end)
- 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 28, 2021 at 7:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2021.
- Maintenance of Production Lines and Others
(Cont. news of RAKCERAMIC): During the maintenance period the other two production lines in Tiles Plant (Production Line-3 and Production Line-4) will continue its production, while the production of sanitary ware will continue with 60% of its capacity. After the completion of said maintenance work the company will announce the resumption of operations of said plants. (end)
The first part of this announcement is missing from the archive. - Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended on December 31, 2020 to the respective shareholders.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.50 for January-March 2021 as against Tk. 0.35 for January-March 2020. Consolidated NOCFPS was Tk. 1.04 for January-March 2021 as against Tk. 0.59 for January-March 2020. Consolidated NAV per share was Tk. 15.91 as on March 31, 2021 and Tk. 17.54 as on March 31, 2020.
- 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 03, 2021 at 2:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021.
- Resumption after record date
Trading of the shares of the Company will resume on 28.02.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 25.02.2021.
- 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 23.02.2021 to 24.02.2021. Trading of the shares of the Company will remain suspended on record date i.e., 25.02.2021.
- Contract for supply of goods and materials
The Company has informed that in order to comply with the BSEC notification No. SEC/CMRRCD/2009-193/2/admin/103, dated February 05, 2020; the Company is hereby authorized to enter into contract for supply of goods and materials to Mohammed Trading (Owner is Managing Director of RAK Ceramics (Bangladesh) Limited) amounting to 1% or above of the revenue for the immediate preceding financial year subject to approval of the shareholders.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (04.02.2021) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend for the year ended on December 31, 2020. Date of AGM: 31.03.2021, Time: 11:00 AM, Venue: Digital Platform. Record date: 25.02.2021. The Company has also reported Consolidated EPS of Tk. 0.73, Consolidated NAV per share of Tk. 16.41 and Consolidated NOCFPS of Tk. 2.87 for the year ended on December 31, 2020 as against Tk. 1.76, Tk. 17.18 and Tk. 3.70 respectively for the same period of the previous year.
- 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 February 3, 2021 at 6:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.