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 2024 (25).
- (Q3 Un-audited): EPS was Tk. (0.35) for July-September 2024 as against Tk. 0.29 for July-September 2023; EPS was Tk. (0.
(Q3 Un-audited): EPS was Tk. (0.35) for July-September 2024 as against Tk. 0.29 for July-September 2023; EPS was Tk. (0.26) for January-September 2024 as against Tk. 0.96 for January-September 2023. NOCFPS was Tk. (0.37) for January-September 2024 as against Tk. (0.17) for January-September 2023. NAV per share was Tk. 17.03 as on September 30, 2024 and Tk. 17.80 as on September 30, 2023. Reasons for Deviation: EPS has been decreased due to demand-supply gap because of (cont.)
- Q3 Financials
(Cont. news of RAKCERAMIC): underutilization of the plant's capacity caused by interrupted gas supply from the national grid. Additionally, production and sales were significantly impacted in the third quarter due to unprecedented political disruption. NOCFPS has been decreased as the company settled most vendor liabilities on time despite poor sales and collections (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 October 24, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- Appointment of CEO
The company has informed that Mr. Sadhan Kumar Dey has been appointed as the Chief Executive Officer of the Company with effect from 30th July 2024.
- (Q2 Un-audited): Consolidated EPS was Tk. (0.02) for April-June 2024 as against Tk. 0.30 for April-June 2023; Consolidat
(Q2 Un-audited): Consolidated EPS was Tk. (0.02) for April-June 2024 as against Tk. 0.30 for April-June 2023; Consolidated EPS was Tk. 0.09 for January-June 2024 as against Tk. 0.67 for January-June 2023. Consolidated NOCFPS was Tk. (0.78) for January-June 2024 as against Tk. (0.08) for January-June 2023. Consolidated NAV per share was Tk. 17.38 as on June 30, 2024 and Tk. 17.51 as on June 30, 2023. (cont.1)
- (Continuation news of RAKCERAMIC): Reasons for deviation: The company has informed that sales are decreased by 16.48\% d
(Continuation news of RAKCERAMIC): Reasons for deviation: The company has informed that sales are decreased by 16.48\% due to reduction of market demand and inability of supplying desired goods to customer due to production interruption for low gas pressure/non supply of adequate gas. Net profit after tax is decreased mainly due to reduction of production and decrease of sales; but fixed cost has not been reduced proportionately. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of RAKCERAMIC): On the other hand, materials are selling at very competitive price to the customers f
(Continuation news of RAKCERAMIC): On the other hand, materials are selling at very competitive price to the customers for surviving in a very unhealthy price and market competition. Finance expenses are also increased due to increase of borrowing from bank as well as increase of rate of interest. Therefore, EPS has decreased. (cont.3)
The first part of this announcement is missing from the archive. - Q2 Financials
(Continuation news of RAKCERAMIC): On the other hand, customer credit period was extended considering current market situation. Therefore, cash collection cycle is extended further. Vendor payment was more for devaluation of BDT against foreign currency and increased material rate compared to selling rate of product which caused NOCFPS decreased. (end)
The first part of this announcement is missing from the archive. - Reschedule of Board Meeting under LR 16(1)
The Company has further informed that the meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on July 30, 2024 at 03:30 PM instead of July 22, 2024 to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- Reschedule of Board Meeting under LR 16(1)
The Company has further informed that due to unavoidable circumstances the meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on July 22, 2024 at 3:30 PM instead of July 23, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for Second Quarter (Q2) period ended June 30, 2024.
- 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 23, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2023 to the respective shareholders.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.11 for January-March 2024 as against Tk. 0.37 for January-March 2023. Consolidated NOCFPS was Tk. 0.83 for January-March 2024 as against Tk. 1.93 for January-March 2023. Consolidated NAV per share was Tk. 17.40 as on March 31, 2024 and Tk. 17.21 as on March 31, 2023.
- 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 30, 2024 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has assigned the company as 'AA+' in the long term and 'ST-1' in the short term along with Stable outlook in consideration of its audited financials up to December 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Refer to their earlier news disseminated by DSE on 30.01.2024 regarding dividend declaration, the company has further in
Refer to their earlier news disseminated by DSE on 30.01.2024 regarding dividend declaration, the company has further informed that the AGM of the Company will be held on Tuesday, March 19, 2024 at 11:00 am (Bangladesh Time) at Bangabandhu International Conference Centre, Agargaon, Sher-E-Bangla Nagar, Dhaka-1207 Bangladesh. (cont.)
- Intimation of Time and Venue of AGM
(Cont. news of RAKCERAMIC): The ensuing 25th AGM of the Company will be conducted through Hybrid System in combination of Physical presence of shareholders at the venue of AGM and presence or connection of shareholders by using digital platform or online platform through the following link https://agmbd.live/RAKCERAMICS2024. (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 20.02.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 19.02.2024.
- 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 15.02.2024 to 18.02.2024 and trading of the shares will remain suspended on record date i.e., 19.02.2024.
- Resumption of operation of Tiles Production Line-2
Refer to the earlier news of the company disseminated by DSE on 27.11.2023 regarding 'Production Line-1 resumes production; Line-2 Maintenance from Nov 26'. In this connection, the company has announced the resumption of operation of Tiles Production Line-2.
- The Board of Directors has recommended 10\% Cash Dividend for the year ended on December 31, 2023. Date of AGM: 19.03.20
The Board of Directors has recommended 10\% Cash Dividend for the year ended on December 31, 2023. Date of AGM: 19.03.2024. Record date: 19.02.2024. Time and Venue of the AGM will be notified later. The Company has also reported Consolidated EPS of Tk. 1.44, Consolidated NAV per share of Tk. 18.29 and Consolidated NOCFPS of Tk. 0.75 for the year ended on December 31, 2023 as against Tk. 1.57, Tk. 17.85 and Tk. 1.45 respectively for the year ended December 31, 2022. The company has further (cont.)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.01.2024) following its corporate declaration.
- Dividend Declaration
(Continuation news of RAKCERAMIC): informed that in order to comply with the BSEC notification No. BSEC/CMRRCD/2009-193/10/Admin/118 dated March 22, 2021; the company is hereby authorized to enter into contract for sale or purchase of goods and materials to Mohammed Trading (Owner is Managing Director of RAK (Ceramics) Bangladesh Limited) amounting to 10% or above of the revenue for the immediate preceding financial year subject to approval of the shareholders. (end)
The first part of this announcement is missing from the archive. - 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 January 29, 2024 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.