Shahjibazar Power Company Limited announcements
251 Dhaka Stock Exchange announcements for Shahjibazar Power Company Limited (SPCL) since 2014: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (21).
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has assigned Surveillance entity rating of the Company as "AA1" in the long term and "ST-1" in the short term along with Stable outlook based on audited financial statements up to June 30, 2024, bank liability position as on October 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after Record date
Trading of the shares of the company will resume on 03.12.2024.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 02.12.2024.
- Other Matter
The auditor of the company has given the "Other Matter" paragraphs in the Auditor's Report of the company for the year ended June 30, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/November/SPCL_2024.pdf
- 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 28.11.2024 to 01.12.2024 and trading of the shares will remain suspended on record date i.e., 02.12.2024.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.36 for July-September 2024 as against Tk. 2.24 for July-September 2023; Consolidated NOCFPS was Tk. (0.15) for July-September 2024 as against Tk. 1.80 for July-September 2023. Consolidated NAV per share was Tk. 38.28 as on September 30, 2024 and Tk. 37.92 as on June 30, 2024. Reason for Significant Deviation: (cont.1) (cont. news of SPCL): In addition, both the other operating payment and financial expenses of PRL have increased substantially during this quarter. (end) (cont. news of SPCL): Consequently, SPCL had no sales revenue in July and a low offtake in August, resulting in an EPS decrease of Tk. 1.15. Additionally, consolidated EPS fell by BDT 1.88, as SPCL's subsidiary, PRL, reported a decrease of BDT 1.50 due to rising raw material and financial costs. Consolidated NOCFPS has decreased due to outstanding sales proceeds of SPCL not collected from BPDB. (cont.3) (cont. news of SPCL): SPCL's EPS decreased in the July-September 2024 quarter due to a lower plant factor, operating at 54% capacity compared to 86% in the same period last year. The plant was shut down on February 11, 2024, after the expiration of the initial Power Purchase Agreement (PPA) and resumed operations on August 1, 2024, on a "No Electricity, No Payment" basis. (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 November 13, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Dividend Declaration
The Board of Directors has recommended 12% Cash Dividend for the year ended June 30, 2024. Date of AGM: 27.01.2025, Time: 11:00 AM, Venue: Digital Platform. Record Date: 02.12.2024. The Company has also reported EPS of Tk. 2.31, NAV per share of Tk. 37.92 and NOCFPS of Tk. 7.28 for the year ended June 30, 2024 as against Tk. 1.52, Tk. 36.71 and Tk. 3.23 respectively for the year ended June 30, 2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.10.2024) 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 27, 2024 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- Regarding Gas Sales Agreement (GSA) with JGTDSL
The company has further informed that the Gas Sales Agreement (GSA) with Jalalabad Gas Transmission and Distribution System Ltd. has been signed on July 31, 2024 with effective immediately and at the same day the plant of the company has been resumed from July 31, 2024 from 8:00 P.M. (BST).
- First Amendment to the Agreement for Supply of Power on Rental Basis
The company has informed that after expiry of the long-term agreement for supply of power with Bangladesh Power Development Board on February 9, 2024, the BPDB considering their submission for renewal of the agreement for a further period of five (5) years has extended the term for next (5) years executing the First Amendment to the Agreement for Supply of Power on Rental Basis on July 09, 2024 under "No electricity, No payment (without any guaranteed minimum off-take)".
- Refer to their earlier news disseminated by DSE on 30.01.2024 regarding Q2 financials and on 30.04.2024 regarding Q3 fin
Refer to their earlier news disseminated by DSE on 30.01.2024 regarding Q2 financials and on 30.04.2024 regarding Q3 financials, the company has further informed that there were some unintentional errors in the Un-audited 2nd and 3rd Quarter Financial Statements due to some technical issues. The following are the errors made along with the corrected figures: (cont.)
- Regarding consolidated EPS figures in the Q2 and Q3 financials
(Cont. news of SPCL): Consolidated EPS would be Tk. 1.14 instead of Tk. 1.77 for Q2 (ended on December 31, 2023) and Tk. 0.39 instead of 2.22 for Q3 (ended on March 31, 2024). (end)
The first part of this announcement is missing from the archive. - Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 2.22 for January-March 2024 as against Tk. 1.39 for January-March 2023. Consolidated EPS was Tk. 3.77 for July 2023-March 2024 as against Tk. 0.48 for July 2022-March 2023. Consolidated NOCFPS was Tk. 9.32 for July 2023-March 2024 as against Tk. 2.16 for July 2022-March 2023. Consolidated NAV per share was Tk. 39.38 as on March 31, 2024 and Tk. 36.71 as on June 30, 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 29, 2024 at 05:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.
- The Company has informed that pursuant to the Long-Term Rental Agreement for Power Purchase with Bangladesh Power Develo
The Company has informed that pursuant to the Long-Term Rental Agreement for Power Purchase with Bangladesh Power Development Board, a 15 (Fifteen) years contract period is going to expire on 09.02.2024 at 24:00 Hours (Midnight). Consequently, the plant shall be shut down from the above time and discontinued from the national grid. However, the company has requested the renewal of the Power Purchase Agreement for a further period of 5 (Five) years under a no-electricity no-payment basis. (cont.)
- Shutdown of plant operation due to expiration of contract with BPDB
(Continuation news of SPCL): The submission is currently under consideration by BPDB, and the company is expecting a positive result regarding the submission soon. (end)
The first part of this announcement is missing from the archive. - Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 1.77 for October-December 2023 as against Tk. (1.33) for October-December 2022; Consolidated EPS was Tk. 3.38 for July-December 2023 as against Tk. (0.91) for July-December 2022. Consolidated NOCFPS was Tk. 4.72 for July-December 2023 as against Tk. 5.71 for July-December 2022. Consolidated NAV per share was Tk. 40.09 as on December 31, 2023 and Tk. 36.71 as on June 30, 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 January 29, 2024 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.