Sonargaon Textiles Limited announcements
319 Dhaka Stock Exchange announcements for Sonargaon Textiles Limited (SONARGAON) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (22).
- Emphasis of Matter
Emphasis of Matter: The auditor of the company has given the following "Emphasis of Matter" Paragraphs in the audit report of the company for the year ended on 30 June 2018. Emphasis of Matter: i) As disclosed on the note 5.00 of the financial statements regarding inventories, the management should present the inventories in accordance with International Accounting Standard (IAS 2). Inventories and make proper consideration including recording in register, bin card etc. and ascertain actual (cont.1) (Continuation news of SONARGAON): confirmation. For the smooth operations of the company the management should make proper arrangement to pay the banks obligations and make the loans regular. Iii) As disclosed in the note 16 and 27 of the financial statements regarding deferred tax liabilities and provision for income tax for the fair presentation of the financial statements, the management should assess the actual tax liability of the company immediately. (end) (Continuation news of SONARGAON): Status and value of inventories also make provision to observe. counting of physical inventories by the auditor at the closing of the period. Steps also to be taken to assess the actual quantity of damaged stock to make sure whether the provision for loss is enough or not. ii) As disclosed in the notes 10, 11 and 14 of the financial statements regarding short and long term loans. Due to unavailability of bank statements the loan balances are subject to (cont.2)
- Query Response (Repeat News)
(Repeat News): In response to a DSE query dated November 27, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Query Response
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 of shares.
- Resumption after record date
Trading of the shares of the Company will resume on 22.11.2018 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2018.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.33) for July-September, 2018 as against Tk. (0.31) for July-September, 2017; NOCFPS was Tk. 1.59 for July-September, 2018 as against Tk. 3.28 for July-September, 2017. NAV per share was Tk. 28.18 as on September 30, 2018 and Tk. 28.51 as on June 30, 2018.
- Rectifications in some financials in the audited accounts
The Company has further informed that they made some unintentional mistakes in their Dividend Disclosures (published on 29.10.18). Therefore, they provided some rectified figures which are as follows: NAV Per Share would be Tk. 28.51 instead of Tk. 29.81 as on June 30, 2018. Moreover, NAV per share would be Tk. 29.08 instead of Tk. 28.94 and EPS would be Tk. (0.93) instead of Tk. (1.07) due to prior year adjustment of Audited accounts for the year ended on June 30, 2017.
- 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 from 07.11.2018 to 19.11.2018. Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2018.
- 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 14, 2018 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, 2018.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended on June 30, 2018. Date of AGM: 19.12.2018, Time: 11:00 AM, Venue: Barisal Club, Barisal. Record Date: 20.11.2018. The Company has also reported EPS of Tk. (0.57), NAV per share of Tk. 29.81 and NOCFPS of Tk. 0.32 for the year ended on June 30, 2018 as against Tk. (1.07), Tk. 28.94 and Tk. (0.03) respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (29.10.2018) 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 October 28, 2018 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Query Response
In response to a DSE query dated October 07, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.27) for January-March 2018 as against Tk. (0.24) for January-March 2017; EPS was Tk. (1.02) for July 2017-March 2018 as against Tk. (0.91) for July 2016-March 2017. NOCFPS was Tk. 0.26 for July 2017-March 2018 as against Tk. (0.02) for July 2016-March 2017. NAV per share was Tk. 27.92 as on March 31, 2018 and Tk. 28.94 as on June 30, 2017.
- 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 29, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Query Response (Repeat)
(Repeat News): In response to a DSE query dated February 11, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Q2 Financials (Repeat)
Repeat News (Q2 Un-audited): EPS was Tk. (0.43) for October-December, 2017 as against Tk. (0.22) for October-December, 2016; EPS was Tk. (0.74) for July-December, 2017 as against Tk. (0.67) for July-December, 2016. NOCFPS was Tk. 0.30 for July-December, 2017 as against Tk. (0.03) for July-December, 2016. NAV per share was Tk. 28.51 as on December 31, 2017 and Tk. 28.94 as on June 30, 2017.
- Query Response
In response to a DSE query dated February 11, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.43) for October-December, 2017 as against Tk. (0.22) for October-December, 2016; EPS was Tk. (0.74) for July-December, 2017 as against Tk. (0.67) for July-December, 2016. NOCFPS was Tk. 0.30 for July-December, 2017 as against Tk. (0.03) for July-December, 2016. NAV per share was Tk. 28.51 as on December 31, 2017 and Tk. 28.94 as on June 30, 2017.
- Emphasis of Matter
The auditor of the company has given the following 'Emphasis of Matter ' Paragraph in the audit report of the company prepared for the year ended on 30 June 2017. Emphasis of Matter: i) As disclosed in the note 5.00 to the financial statements regarding inventories, the management should present inventories in accordance with Bangladesh Accounting Standards (BAS-2): Inventories and make proper consideration including recording in register, bin card etc. and ascertain actual status and (cont. 1) (Continuation news of SONARGAON): For the smooth operations of the company the management should make proper arrangement to pay the banks obligations and make the loan regular. iii) As disclosed in the note 27.00 to the financial statements regarding provision for income tax for the fair presentation of the financial statements, the management should assess the actual tax liability of the company immediately. (End) (Continuation news of SONARGAON): value of inventories, also make provision to observe counting of physical inventories by the auditor at the closing of the period. Steps also to be taken to assess the actual quantity of damaged stock to make sure whether the provision for loss is enough or not. ii) As disclosed in the note 10,11, and 14 to the financial statements regarding short and long term loans. Due to unavailability of bank statements the loan balances are subject to confirmation. (cont. 2)
- 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 28, 2018 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
- Query Response
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 of shares and increase in trading volume.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.