Summit Power Limited announcements
394 Dhaka Stock Exchange announcements for Summit Power Limited (SUMITPOWER) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (17).
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA+" in the long term and "ST - 1" in the short term based on audited financial statements 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.
- Q3 Financials
Consolidated EPS was Tk. 1.05 for July - September, 2015 as against Tk. 0.61 for July -September, 2014; Consolidated EPS was Tk. 2.88 for January - September, 2015 as against Tk. 2.41 for January - September, 2014. Consolidated NOCFPS was Tk. 3.26 for January - September, 2015 as against Tk. 3.12 for January - September, 2014. Consolidated NAV per share was Tk. 28.30 as of September 30, 2015 and Tk. 25.18 as of December 31, 2014.
- 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 October 23, 2015 at 11:30 AM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2015.
- Cash Dividend Disbursement
The Company has informed that the cash dividend for the year 2014 has been disbursed to the respective shareholders' Bank Accounts through BEFTN System. NRB accounts holders and the Shareholders whose specific Branch/Bank accounts have not been found by the Company are requested to contact with Registered Office of the Company from August 20, 2015 at 18, Kawran bazar (9th floor) Dhaka along with the Bank Account details.
- Half Yearly Financials
(H/Y Un-audited): Consolidated Profit after tax (excluding non controlling interest) from Jan'15-June'15 was Tk. 1,563.43 m. with Consolidated EPS of Tk. 2.02 as against Tk. 1,203.95 m. and Tk. 1.67 respectively for the same period of the previous year. Whereas Consolidated Profit after tax (excluding non controlling interest) from April'15-June'15 was Tk. 868.87 m. with Consolidated EPS of Tk. 1.12 as against Tk. 696.99 m. and Tk. 0.97 respectively for the same period of the previous year.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on December 31, 2014 to the respective shareholders' BO Accounts on July 05, 2015 (except fractional shares). The payment of sale proceeds of fractional share will be sent to registered address of the shareholders in the form of a payment advice within stipulated time.
- Query Response
In response to a CSE query dated June 01, 2015, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Change of Venue of AGM
The Company has further informed that due to unavoidable circumstances the Venue of the 18th AGM of the Company has been shifted from Police Convention Hall, Eskaton Garden Road, Ramna, Dhaka-1000 to Krishibid Institution Complex Bangladesh (KIB), Krishi Khamar Sarak, (Khamarbari) Farmgate, Dhaka 1215. Other information of the AGM will remain unchanged.<br>
- Q1 Financials
(Q1 Un-audited): Consolidated Net Profit after tax (excluding non controlling interest) from Jan15 to March15 was Tk. 694.99 million with consolidated EPS of Tk. 0.98 as against Tk. 512.27 million and Tk. 0.75 respectively for the same period of the previous year.
- Resumption News after Record Date
Normal trading of the shares of the Company will resume on 18.05.2015 after record date.
- Suspension News for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 17.05.2015.
- Spot News for AGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 13.05.2015 to 14.05.2015. Trading of the shares of the Company will remain suspended on record date i.e., 17.05.2015.
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend and 5% stock dividend for the year ended on December 31, 2014. Date of AGM: 28.06.2014. Time: 12:00 noon, Venue: Police Convention Hall, Eskaton Garden Road, Ramna, Dhaka-1000. Record Date: 17.05.2015. The Company has also reported EPS of Tk. 3.26, NAV per share of Tk. 26.43 and NOCFPS of Tk. 4.42 for the year ended on December 31, 2014.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (04.05.2015) following its corporate declaration.
- Board Meeting schedule under LR 30
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on April 30, 2015 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.
- Agreement Signing
The Company has informed that Summit Barisal Power Limited and Summit Narayanganj Power Unit II Limited (49% shareholding companies of Summit Power Limited) have signed the Power Purchase Agreements (PPA) for the development of a HFO-Fired Power Generation Facitly of 110 MW (Installed capacity 119 MW) at Rupatali, Barisal, Bangladesh and a HFO-Fired Power Generation Facility of 55 MW (Installed capacity 63 MW) at Madanganj, Narayanganj, Bangladesh with Bangladesh Power Development Board (BPDB) along with the Implementation Agreements (IA) with the Government of Bangladesh (GOB) for the facilities.
- further allotment of SPLs 10,67,91,361 Ordinary Shares
The Company has informed that after receiving BSECs consent the Board of Directors of Summit Power Limited (SPL) has approved further allotment of SPLs 10,67,91,361 Ordinary Shares of Tk. 10.00 each in favour of Summit Industrial and Mercantile Corporation (Pvt.) Ltd. (SIMCL) in exchange for acquisition of 20,39,71,500 shares of Tk. 10.00 each of Summit Meghnaghat Power Company Limited (SMPCL), equal to 30% of the SMPCLs Equity, in the ratio of 1.91 SMPCL shares for 1 share of Summit Power Limited.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.