S. Alam Cold Rolled Steels Limited announcements
311 Dhaka Stock Exchange announcements for S. Alam Cold Rolled Steels Limited (SALAMCRST) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (22).
- Resumption after record date
Trading of the shares of the Company will resume on 28.11.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2021.
- 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 23.11.2021 to 24.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2021.
- The auditor of the S. Alam Cold Rolled Steels Ltd has given the \"Emphasis of matter\" paragraphs in the Auditor\'s Repo
The auditor of the S. Alam Cold Rolled Steels Ltd has given the \"Emphasis of matter\" paragraphs in the Auditor\'s Report for the year ended on 30 June, 2021. Emphasis of matter: We draw attention to note 5.01 to the consolidated financial statements, which describes why the Group had stopped producing electricity and reason for capitalization of borrowing cost. Note 5.01: S Alam Power Generation Ltd., a subsidiary of the company commenced commercial operation of (cont.1)
- (Continuation news of SALAMCRST): 17 MW Captive Power Plant in August 2016 with natural gas. But immediately after comme
(Continuation news of SALAMCRST): 17 MW Captive Power Plant in August 2016 with natural gas. But immediately after commencement of commercial operation the price of Natural gas was increased by the government. The management observed that producing electricity by using high cost natural gas will not be feasible as entire output will not be required by S. Alam Cold Rolled Steels Limited alone., hence decided not to produce any power. (cont.2)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.19 for July-September 2021 as against Tk. 0.22 for July-September 2020; NOCFPS was Tk. 4.19 for July-September 2021 as against Tk. (16.37) for July-September 2020. NAV per share was Tk. 19.08 as on September 30, 2021 and Tk. 18.89 as on September 30, 2020. Net operating cash flow per share has increased due to increase of collection from the customers as compared to the corresponding previous period.
- Emphasis of matter
(Continuation news of SALAMCRST): The borrowing cost of the Plant & Machinery were capitalized in accordance with clause 20 to 23 of IAS 23- Borrowing cost. The management at present considering the option to re-start the production with costly fuel in order to meet the power requirement of S. Alam Cold Rolled Steels Limited and another heavy industry being erected nearby and expects that both the industry shall be able to utilize full production of S. Alam Power Generation Ltd. (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 November 11, 2021 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.
- The Board of Directors has recommended 10\% cash dividend for the year ended on June 30, 2021. Date of AGM: 15.01.2022,
The Board of Directors has recommended 10\% cash dividend for the year ended on June 30, 2021. Date of AGM: 15.01.2022, Time: 10:30 AM, Venue: Chittagong Club, Chittagong. Record date: 25.11.2021. The Company has also reported Consolidated EPS of Tk. 0.88, Consolidated NAV per share of Tk. 18.89 and Consolidated NOCFPS of Tk. (21.75) for the year ended on June 30, 2021 as against Tk. 0.55, Tk. 19.01 and Tk. 9.19 respectively for the same period of the previous year. (cont.)
- Dividend Declaration
(Continuation news of SALAMCRST): The Board has also informed that reason for significant deviation in EPS & NOCFPS as follows: EPS: Net profit after tax has increased due to enhancement of revenue. NOCFPS: Payment to suppliers during the reporting period gone up significantly over the previous period has resulted in significant decrease in NOCFPS, although current year collection from customers gone up in comparison to corresponding previous year. (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 (04.11.2021) following its corporate declaration.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that, the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on November 03, 2021 at 3:00 PM instead of October 30, 2021 to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
- 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 30, 2021 at 11:30 AM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
- In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Com
In response to a DSE query, 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): Consolidated EPS was Tk. 0.45 for January-March 2021 as against Tk. 0.47 for January-March 2020; EPS wa
(Q3 Un-audited): Consolidated EPS was Tk. 0.45 for January-March 2021 as against Tk. 0.47 for January-March 2020; EPS was Tk. 1.09 for July 2020-March 2021 as against Tk. 1.06 for July 2019-March 2020. Consolidated NOCFPS was Tk. (18.15) for July 2020-March 2021 as against Tk. 17.40 for July 2019-March 2020. Consolidated NAV per share was Tk. 19.10 as on March 31, 2021 and Tk. 19.01 as on June 30, 2020. (cont.)
- Q3 Financials
(Continuation news of SALAMCRST): The Company also informed that NOCFPS decrease due to decrease of collection from the customers and increase in cash payment for Operating Expenses. (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 May 24, 2021 at 2:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.
- The Company has informed that cash dividend for the year 2020 is being remitted to the shareholders' respective bank acc
The Company has informed that cash dividend for the year 2020 is being remitted to the shareholders' respective bank accounts through BEFTN. The Company has requested the shareholders who are non compatible to BEFTN, NRB and shareholders other than Chattogram, Cox's Bazar and Chattogram Hill Districts regions to collect their dividend warrants on all working days from 04.02.2021 to 08.02.2021 between 10:00 AM to 05:00 PM (cont.)
- Dividend Disbursement
(Continuation news of SALAMCRST): from its Liaison Office at Sharif Mansion (6th Floor), 56-57, Motijheel C/A, Dhaka-1000, while the shareholders of the Chattogram, Cox's Bazar and Chattogram Hill Districts regions have been requested to collect their dividend warrants simultaneously from the Registered Office of the Company at S. Alam Bhaban, 2119, Asadgonj, Chattogram. (end)
The first part of this announcement is missing from the archive. - Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.43 for October-December 2020 as against Tk. 0.28 for October-December 2019; Consolidated EPS was Tk. 0.65 for July-December, 2020 as against Tk. 0.59 for July-December, 2019. Consolidated NOCFPS was Tk. (12.91) for July-December, 2020 as against Tk. (21.17) for July-December, 2019. Consolidated NAV per share was Tk. 19.65 as on December 31, 2020 and Tk. 19.01 as on June 30, 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 January 26, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.
- Alpha Credit Rating Limited (AlphaRating) has rated the Company as "A+" in the long term and "ST-3" in the short term al
Alpha Credit Rating Limited (AlphaRating) has rated the Company as "A+" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the Company up to June 30, 2020 and relevant qualitative information up to January 09, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.