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 2022 (24).
- WASO Credit Rating Company (BD) Ltd. (WCRCL) has announced the entity rating of the Company as \"BB3\" in the long term
WASO Credit Rating Company (BD) Ltd. (WCRCL) has announced the entity rating of the Company as \"BB3\" in the long term and \"ST-5\" in the short term along with Negative outlook based on latest audited financial statement of the Company for FY2022 and other relevant qualitative and quantitative information up-to the date of the rating issuance.
- Resumption after record date
Trading of the shares of the Company will resume on 22.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2022.
- The auditor of the Sonargaon Textiles Ltd. has given the \"Qualified Opinion\", \"Emphasis of Matter\" and \"Going Conce
The auditor of the Sonargaon Textiles Ltd. has given the \"Qualified Opinion\", \"Emphasis of Matter\" and \"Going Concern\" paragraphs in the Auditor\'s Report for the year ended 30 June 2022. Basis for Qualified Opinion: The Company\'s bank accounts are attached by the National Board of Revenue of Bangladesh. The management has decided to pay all salaries to employees throughout the financial year by cash payments. (cont.1)
- (Continuation news of SONARGAON): However, as per the Income Tax Ordinance, 1984, Section 30(i), any payment by way of s
(Continuation news of SONARGAON): However, as per the Income Tax Ordinance, 1984, Section 30(i), any payment by way of salary or remuneration made otherwise that by crossed cheque or bank transfer by a person to any employee having gross monthly salary of taka twenty thousand or more will be inadmissible. We have found that the company has made cash payments to several employees every month that is over Tk. 20,000.00. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of SONARGAON): Emphasis of Matter: We would like to draw your attention to Note 8.01 which describes
(Continuation news of SONARGAON): Emphasis of Matter: We would like to draw your attention to Note 8.01 which describes the Company\'s on-going legal proceedings with two of their financial institutions namely; Mutual Trust Bank Limited and Bangladesh Development Bank Limited. Our audit opinion is not qualified in respect to this matter emphasized. Material Uncertainty Related to Going Concern: (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of SONARGAON): We draw attention to the Statement of Profit or Loss and Other Comprehensive Income in
(Continuation news of SONARGAON): We draw attention to the Statement of Profit or Loss and Other Comprehensive Income in the financial statements which indicates that the company has earned net profit of Tk. 8,832,422 during the year ended 30th June, 2022 but as of that date there has a negative retained earnings of Tk. 374,479,403. We also draw attention to new contracts with customers difficulties, (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of SONARGAON): inability to pay creditors on due date, inefficiency of key management indicated by th
(Continuation news of SONARGAON): inability to pay creditors on due date, inefficiency of key management indicated by the financial statements of the company. As stated in note no. 7.05 stated above, these events or conditions along with other matters indicate that a material uncertainty exists that may cast significant doubt on the company\'s ability to continue a going concern. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of SONARGAON): The management is, however confident that, the company will continue in operational ex
(Continuation news of SONARGAON): The management is, however confident that, the company will continue in operational existence for a foreseeable future on the basis of continued support of the company\'s bank and shareholders\'. Our opinion is not qualified in this regard. Note 8.01 Long Term Loan (Non-Current Maturity): Total Long Term Loan as on 30 June, 2022 and 30 June, 2021 was Tk. 963,281,225 and Tk. 925,966,529 respectively. (cont.6)
The first part of this announcement is missing from the archive. - Qualified Opinion, Emphasis of Matter and Going Concern
(Continuation news of SONARGAON): Note 7.05 Retained Earnings: The balance of retained earnings as on 30 June, 2022 and 30 June, 2021 was Tk. (374,479,403) and Tk. (395,615,497) respectively. (end)
The first part of this announcement is missing from the archive. - 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 17.11.2022 to 20.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 21.11.2022.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.10 for July-September 2022 as against Tk. (0.08) for July-September 2021. NOCFPS was Tk. 0.11 for July-September 2022 as against Tk. 0.02 for July-September 2021. NAV per share was Tk. 11.51 as on September 30, 2022 and Tk. 11.41 as on June 30, 2022. Reasons for significant deviation: EPS has been increased due to increase in production and sales volume. NOCFPS has been increased due to higher collection from customers and others.
- 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, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- The Board of Directors has recommended 1\% Cash Dividend for the year ended June 30, 2022. Date of AGM: 26.12.2022, Time
The Board of Directors has recommended 1\% Cash Dividend for the year ended June 30, 2022. Date of AGM: 26.12.2022, Time: 11.00 AM, Venue: Digital Platform. Record Date: 21.11.2022. The Company has also reported EPS of Tk. 0.33, NAV per share of Tk. 11.41 and NOCFPS of Tk. 0.003 for the year ended June 30, 2022 as against Tk. (13.35), Tk. 11.08 and Tk. 7.86 respectively for the same period of the previous year. (cont.)
- Dividend Declaration
(Continuation news of SONARGAON): Reasons for significant deviation in EPS, NAV and NOCFPS: EPS has increased due to growth in production and sales. NAV has increased due to increase in equity as well as current asset, inventory and receivable. NOCFPS has been decreased due to increasing the party payment, supplier payment and others payment during the fiscal 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 (30.10.2022) following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
- 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 27, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- 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 and increase in volume of shares.
- (Q3 Un-audited): EPS was Tk. 0.04 for January-March 2022 as against Tk. (0.41) for January-March 2021; EPS was Tk. 0.24
(Q3 Un-audited): EPS was Tk. 0.04 for January-March 2022 as against Tk. (0.41) for January-March 2021; EPS was Tk. 0.24 for July 2021-March 2022 as against Tk. (1.29) for July 2020-March 2021. NOCFPS was Tk. 0.02 for July 2021-March 2022 as against Tk. 7.67 for July 2020-March 2021. NAV per share was Tk. 11.32 as on March 31, 2022 and Tk. 11.08 as on June 30, 2021. (Cont.)
- Q3 Financials
(Continuation news of SONARGAON): Significant deviation in EPS, NAV and NOCFPS: EPS increased due to higher production and sales volume. NOCFPS decreased due to lower collection from customers. NAV increased due to net profit after tax collection from customers. (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 April 21, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- (Q2 Un-audited): EPS was Tk. 0.28 for October-December 2021 as against Tk. (0.46) for October-December 2020; EPS was Tk.
(Q2 Un-audited): EPS was Tk. 0.28 for October-December 2021 as against Tk. (0.46) for October-December 2020; EPS was Tk. 0.20 for July-December 2021 as against Tk. (0.87) for July-December 2020. NOCFPS was Tk. 0.09 for July-December 2021 as against Tk. 5.58 for July-December 2020. NAV per share was Tk. 11.28 as on December 31, 2021 and Tk. 11.08 as on June 30, 2021. (cont.)
- Q2 Financials
(Continuation news of SONARGAON): The Company has also informed that EPS has been increased due to enhancement of the production & sales volume. NAV has been increased due to positive trend in Net Profit After Tax, Retained Earnings and Assets. NOCFPS has been decreased because of reduction of the collection from the customers. (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 January 30, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.