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 2022 (28).
- (Continuation news of RAKCERAMIC): Gas payment also increased due the price hike of gas rate caused NOCFPS has been decr
(Continuation news of RAKCERAMIC): Gas payment also increased due the price hike of gas rate caused NOCFPS has been decreased from positive BDT 0.41 to BDT negative 0.15. (end)
The first part of this announcement is missing from the archive. - (Continuation news of RAKCERAMIC): However, collection has not been increased proportionately. Settlement of multiple im
(Continuation news of RAKCERAMIC): However, collection has not been increased proportionately. Settlement of multiple import bills in the reporting period causing vendor payment was more compare to collection. Moreover, due to the significant devaluation of foreign currency, increase of imported raw materials and freight, import related payment was more compare to previous period due to depreciation of BDT against USD. (cont. 4)
The first part of this announcement is missing from the archive. - (Continuation news of RAKCERAMIC): Reasons for significant deviation in EPS and NOCFPS: Due to the revised and responsiv
(Continuation news of RAKCERAMIC): Reasons for significant deviation in EPS and NOCFPS: Due to the revised and responsive business strategy taken by the management, sales are increased by 17.43\% from BDT. 4,843.27 mn to BDT. 5,687.26 mn, even though earning per share is decreased from BDT. 1.47 to 1.29 due to increase in gas price, significant volatile of foreign currency market, disruption of global supply chain caused increase of all input raw material price and (cont. 2)
The first part of this announcement is missing from the archive. - (Continuation news of RAKCERAMIC): shipping freight and loss on foreign exchange. In addition, disruption of production
(Continuation news of RAKCERAMIC): shipping freight and loss on foreign exchange. In addition, disruption of production due to inadequate pressure of supplied gas from mid of August 2022 and sometimes no gas resulting increase of production cost compare to previous period. Therefore, gross profit margin has reduced from 29.40\% to 27.68\%. Due to the revised and responsive business strategy taken by the management, sales are increased by 17.43\% from BDT. 4,843.27 mn to BDT. 5,687.26 mn.(cont. 3)
The first part of this announcement is missing from the archive. - Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.29 for July-September 2022 as against Tk. 0.46 for July-September 2021; Consolidated EPS was Tk. 1.29 for January-September 2022 as against Tk. 1.47 for January-September 2021. Consolidated NOCFPS was Tk. (0.15) January-September 2022 as against Tk. 0.41 January-September 2021. Consolidated NAV per share was Tk. 17.57 as on September 30, 2022 and Tk. 16.88 as on September 30, 2021. (cont. 1)
- 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 27, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.44 for April-June 2022 as against Tk. 0.52 for April-June 2021; Consolidated
(Q2 Un-audited): Consolidated EPS was Tk. 0.44 for April-June 2022 as against Tk. 0.52 for April-June 2021; Consolidated EPS was Tk. 1.01 for January-June 2022 as against Tk. 1.02 for January-June 2021. Consolidated NOCFPS was Tk. 0.03 for January-June 2022 as against Tk. 0.51 for January-June 2021. Consolidated NAV per share was Tk. 17.28 as on June 30, 2022 and Tk. 16.43 as on June 30, 2021. (cont.)
- Q2 Financials
(Continuation news of RAKCERAMIC): The Company has informed that sales is increased by 16.35% from Tk. 3,268.70 mn to Tk. 3,803.03 mn. However, settlement of multiple import bills in the reporting period causing vendor payment was more compare to collection. As a result, NOCFPS has been decreased. (end)
The first part of this announcement is missing from the archive. - Decision to invest in faucets business
The Company has informed that the Board of Directors has decided to invest in faucets business by establishing a new plant with production capacity of 1,500 pcs per day at an estimated investment of BDT 950.00 million.
- 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 20, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
- Resumption after record date
Trading of the shares of the company will resume on 05.07.2022 after record date.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 04.07.2022 for EGM.
- Spot for EGM
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 from 30.06.2022 to 03.07.2022. Trading of the shares of the Company will remain suspended on record date i.e., 04.07.2022 for EGM
- Decision to hold an EGM
The Company has informed that the Board of Directors has decided to hold an EGM for approval from shareholders to purchase 33.91 acre of land at Bhutulia, Gazipur under Dhanua and Gazipur Mouja at a total cost of BDT 627.34 million (excluding registration and other expenses) from Mr. SAK Ekramuzzaman, Managing Director of RAK Ceramics (Bangladesh) Limited. Date of EGM: 08.04.2022, Time: 11:00 AM, Venue: Digital Platform. Record Date for EGM: 07.04.2022.
- Decision to hold an EGM (Correction)
(Correction): The Company has informed that the Board of Directors has decided to hold an EGM for approval from shareholders to purchase 33.91 acre of land at Bhutulia, Gazipur under Dhanua and Gazipur Mouja at a total cost of BDT 627.34 million (excluding registration and other expenses) from Mr. SAK Ekramuzzaman, Managing Director of RAK Ceramics (Bangladesh) Limited. Date of EGM: 04.08.2022, Time: 11:00 AM, Venue: Digital Platform. Record Date for EGM: 04.07.2022.
- Decision to increase tiles production capacity
The Company has informed that the Board of Directors has decided to increase the tiles production capacity by 15,000 sqm per day through greenfield project at an investment of BDT 9,025 million.
- Resumption of operations of plants
Referring to the earlier news of the Company disseminated by DSE on 16.05.2022 regarding Decision to stop Power supply for few days, the Company has further announced the resumption of operations in said tiles Plants sand Sanitary ware production lines.
- The Company has informed that due to routine servicing and maintenance of power plant of R.A.K. Power Pvt. Ltd. [A subsi
The Company has informed that due to routine servicing and maintenance of power plant of R.A.K. Power Pvt. Ltd. [A subsidiary and power supplier of RAK Ceramics (Bangladesh) Limited], the power supply to the production lines will be stopped for few days. Hence, the Tiles Plants of RAK Ceramics (Bangladesh) Limited will remain under maintenance and out of four (4) production lines; Production Line-1, Production Line-2 and Production Line-4 will continue partially from 15th of May 2022 to 19th of (cont.)
- Decision to stop Power supply for few days
(Continuation news of RAKCERAMIC): May 2022 and Production Line-3 will be stopped for 17 days (approximate) from 14th of May 2022 to 31st May 2022. Sanitary Ware Plant will also remain under maintenance from 15th of May 2022 to 19th of May 2022 and during the maintenance period sanitary ware production will continue with 60 % - 70 % of its capacity. After the completion of said maintenance work the company will announce the resumption of operations of said plant as soon as it is ready. (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 December 31, 2021 to the respective shareholders.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.57 for January-March 2022 as against Tk. 0.50 for January-March 2021. Consolidated NOCFPS was Tk. 1.11 for January-March 2022 as against Tk. 1.04 for January-March 2021. Consolidated NAV per share was Tk. 16.84 as on March 31, 2022 and Tk. 15.91 as on March 31, 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 April 21, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the company for the First Quarter (Q1) period ended March 31, 2022.
- Resumption after record date
Trading of the shares of the Company will resume on 27.02.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 24.02.2022.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd transaction will also be settled as per spot settlement cycle with cum benefit from 22.02.2022 to 23.02.2022 and trading of the shares will remain suspended on record date i.e, 24.02.2022.
- Dividend Declaration
(Continuation news of RAKCERAMIC): The Company has informed that EPS has increased due to the revised and responsive business strategy taken by the management, sales have increased, improvement of cost of sales due to enhanced control on cost compared to previous year and reduction of tax rate as per Finance Act 2021. NOCFPS has decreased because of cash collection from the customers has not been increased in same proportion due to allowing additional credit term during the pandemic period. (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 (03.02.2022) 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 February 02, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.