Salvo Organic Industries PLC. announcements
250 Dhaka Stock Exchange announcements for Salvo Organic Industries PLC. (SALVO) since 2011: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2016 (16).
- Category Change
The Company will be placed in 'B' category from existing 'A' category with effect from December 19, 2016 as the Company has approved 5% stock dividend for the year ended on June 30, 2016.
Posted under the former code SALVOCHEM. - Prohibition on providing loan
DSE NEWS: The Stock Brokers, Merchant Bankers and Portfolio Manager are requested to abstain from providing loan facilities to purchase security of Salvo Chemical Industry Limited in between 1st to 30th trading day after change of categorization, effective from December 19, 2016 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
Posted under the former code SALVOCHEM. - Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.23 for July-September, 2016 as against Tk. 0.15 for July-September, 2015; NOCFPS was Tk. (0.19) for July-September, 2016 as against Tk. 0.03 for July-September, 2015. NAV per share was Tk. 11.34 as of September 30, 2016 and Tk. 11.12 as of June 30, 2016.
Posted under the former code SALVOCHEM. - Board Meeting
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 14, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016.
Posted under the former code SALVOCHEM. - 6 months audited financials
The Board of Directors has recommended No dividend for 6 months period from January 01, 2016 to June 30, 2016. (5% stock dividend as recommended by the Board of Directors on April 28, 2016 for the year ended on December 31, 2015 and the earlier declared Record Date i.e. 06.06.2016 will remain unchanged). New Date of AGM: 18.12.2016, Time: 10:00 AM, Venue: Asia Hotel & Resorts, Prestige Hall, Level-9, 34/1, Topkhana Road, Dhaka-1000. The Company has also reported EPS of Tk. 0.39, NAV per share of Tk. 11.67 and NOCFPS of Tk. 1.75 for the 6 months period from January-June, 2016 whereas EPS of Tk. 0.27 (Restated), NAV per share of Tk. 12.45 and NOCFPS of Tk. 0.03 for the 6 months period from January-June, 2015. The Board has further informed that the erection, commissioning of the capital machinery and trial production of new product “Zinc Sulphat” will be completed by December 2016. The commencement of commercial operation of new product will commence from January 2017. The unit has a capacity of 25 Metric Ton per day and production capacity is 15 Metric Ton per day. The revenue and profitability of the project is expected to increase accordingly
Posted under the former code SALVOCHEM. - 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, 2016 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2016.
Posted under the former code SALVOCHEM. - Resumption after record date
Trading of the shares of the Company will resume on 07.06.2016 after record date.
Posted under the former code SALVOCHEM. - Suspension news for record date
Trading of the shares of the Company will remain suspended on record date i.e., 06.06.2016.
Posted under the former code SALVOCHEM. - 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 02.06.2016 to 05.06.2016. Trading of the shares of the Company will remain suspended on record date i.e., 06.06.2016.
Posted under the former code SALVOCHEM. - Unaudited Financial Information
EPS was Tk. 0.22 for January-March, 2016 as against Tk. 0.15 for January-March, 2015. NOCFPS was Tk. 1.09 for January-March, 2016 as against Tk. 0.87 for January-March, 2015. NAV per share was Tk. 11.50 as of March 31, 2016 and Tk. 11.28 as of December 31, 2015.
Posted under the former code SALVOCHEM. - Postponement of AGM, unchanged Record date
The Company has further informed that pursuant to the Directive issued by the BSEC dated April 27, 2016 to follow July-June as income year, in compliance with the provision of the Finance Act, 2015, the company has postponed their AGM to be held on August 03, 2016. In compliance with the aforesaid Directive and for the first time adoption of the change in the financial year, AGM of the Company will consider 18 months accounts i.e. audited accounts from January 1, 2015 to June 30, 2016. Therefore the AGM will be held after closing the accounts on June 30, 2016 and Record date declared earlier i.e., June 06, 2016, shall remain unchanged.
Posted under the former code SALVOCHEM. - Board Meeting
The Company has informed that a meeting of the Board of Directors will be held on May 15, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the 3 months period from January, 2016 to March, 2016.
Posted under the former code SALVOCHEM. - Dividend Declaration
The Board of Directors has recommended 5% stock dividend for the year ended on 31.12.2015. Date of AGM: 03.08.2016, Time: 10:30 AM, Venue: IDEB Bhaban, 160/A, Kakrail VIP Road, Dhaka. Record Date: 06.06.2016. The Company has also reported Net Profit after Tax of Tk. 34.58 million, EPS of Tk. 0.62, NAV per share of Tk. 11.28 and NOCFPS of Tk. 1.06 for the year ended on December 31, 2015 as against Tk. 57.54, Tk.1.02 (restated), Tk. 11.74 and Tk.1.53 respectively for the year ended on December 31, 2014.
Posted under the former code SALVOCHEM. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (02.05.2016) following its corporate declaration.
Posted under the former code SALVOCHEM. - Board Meeting
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 April 28, 2016 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.
Posted under the former code SALVOCHEM. - Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has rated the Company as "BBB" in the long term and "ST-3" in the short term along with a stable outlook based on audited financials of the Company up to December 31, 2014, unaudited financials up to September 30, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Posted under the former code SALVOCHEM.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.