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 2022 (24).
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2022 to the respective shareholders.
- The Company has informed that Bangladesh Rural Electrification Board (BREB) has given its consent to continue operation
The Company has informed that Bangladesh Rural Electrification Board (BREB) has given its consent to continue operation of \"33.75 MW Ashulia Power Plant (Unit-2)\" of the Company from December 04, 2022 after the expiry of Power Purchase Agreement (PPA) on December 03, 2022. The Company is also now in the process of negotiating tariff and other terms and conditions of renewal Power Purchase Agreements with the Bangladesh Rural Electrification Board (BREB).
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.81 for July-September 2022 as against Tk. 1.02 for July-September 2021; Consolidated NOCFPS was Tk. 0.79 for July-September 2022 as against Tk. 0.80 for July-September 2021. Consolidated NAV per share was Tk. 38.17 as on September 30, 2022 and Tk. 35.72 as on June 30, 2022.
- 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.
- SUMITPOWER : Resumption after record date
Trading of the shares of the company will resume on 10.10.2022 after record date
- SUMITPOWER : Suspension for Record date
Trading of the shares the company will remain suspended on record date i.e., 06.10.2022
- SUMITPOWER : 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 03.10.2022 to 04.10.2022 and trading of the shares will remain suspended on record date i.e., 06.10.2022.
- The Board of Directors has recommended 20\% Cash Dividend for the year ended June 30, 2022. Date of AGM: 31.10.2022, Tim
The Board of Directors has recommended 20\% Cash Dividend for the year ended June 30, 2022. Date of AGM: 31.10.2022, Time: 11:30 AM, Venue: Digital Platform. Record Date: 06.10.2022. The Company has also reported Consolidated EPS of Tk. 3.87, Consolidated NAV per share of Tk. 35.72 and Consolidated NOCFPS of Tk. 5.91 for the year ended June 30, 2022 as against Tk. 5.25, Tk. 34.45 and Tk. 8.53 respectively for the same period of the previous year. (cont.)
- The Company has informed that Summit Power Limited (SPL) along with Co-sponsor Company, Summit Corporation Ltd. (SCL), i
The Company has informed that Summit Power Limited (SPL) along with Co-sponsor Company, Summit Corporation Ltd. (SCL), intends to enter into an agreement with Summit Oil and Shipping Co. Ltd. (SOSCL) to provide the necessary advances (BDT fund) to SOSCL to settle outstanding LCs, and New LCs which are to be opened and subsequently settled, including the additional Summit Barisal Power Limited, Summit Narayanganj Power Unit II Limited, Ace Alliance Power Limited and Summit Gazipur II Power Limited (Cont.)
- The auditor of the Summit Power Limited has given the \"Emphasis of Matters\" paragraphs in the auditor\'s report for th
The auditor of the Summit Power Limited has given the \"Emphasis of Matters\" paragraphs in the auditor\'s report for the year ended June 30, 2022. Emphasis of Matters: We draw attention to Note 11.1 to the financial statements where the management has explained that the receivables from Bangladesh Rural Electrification Board (BREB) amounting to BDT 6,829,985,331(cont.)
- Price Limit Open
There will be no price limit on the trading of the shares of the company today (15.09.2022) following its corporate declaration.
- Dividend Declaration
(Continuation news of SUMITPOWER): The Company also informed that no dividend has been declared out of the capital reserve account or the revaluation reserve account or any unrealized gain or out of profit earned prior to the incorporation of the Company, if any, or through reducing paid-up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance. (end)
The first part of this announcement is missing from the archive. - Emphasis of Matters
(Continuation news of SUMITPOWER): is recoverable based on the outcome of writ petition filed with the High Court Division of the Honorable Supreme Court of Bangladesh. Our opinion is not modified in respect of the above matter. (end)
The first part of this announcement is missing from the archive. - Intension to sign an agreement with Summit Oil and Shipping Co. Ltd.
(Continuation news of SUMITPOWER): can continue their operation smoothly and continuously in accordance with the obligations of the project companies under their respective Power Purchase Agreements (PPAs). The Company also informed that the advances will be provided in proportion to the equity shareholding of the sponsor companies (SPL and SCL) in the respective project companies either by taking necessary loans from local banks or financial institutions or utilizing SPL's own source of cash. (end)
The first part of this announcement is missing from the archive. - 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 September 14, 2022 at 4:00 PM to consider, among others, audited financial statements of the company for the year ended June 30, 2022.
- Refer to their earlier news disseminated by DSE on 13.04.2022 regarding consent from BPDB to purchase electricity, the C
Refer to their earlier news disseminated by DSE on 13.04.2022 regarding consent from BPDB to purchase electricity, the Company further informed that the Contract (Power Purchase Agreement) for Supply of Electricity for 2 (two) years effective from 23 March 2022 of 2nd Amendment on \"No electricity, No Payment (without any guaranteed minimum offtake)? basis from 102MW HFO Fired Narayanganj (Madanganj) Power Plant (Unit 1), has been executed by Bangladesh Power Development Board (BPDB).
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.83 for January-March 2022 as against Tk. 1.36 for January-March 2021; Consolidated EPS was Tk. 2.85 for July 2021-March 2022 as against Tk. 4.18 for July 2020-March 2021. Consolidated NOCFPS was Tk. 4.03 for July 2021-March 2022 as against Tk. 6.51 for July 2020-March 2021. Consolidated NAV per share was Tk. 33.92 as on March 31, 2022 and Tk. 34.45 as on June 30, 2021.
- 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 27, 2022 at 2:15 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- (Continuation news of SUMITPOWER): following the effective date on 23 March 2022 of 2nd Amendment on \"No electricity, N
(Continuation news of SUMITPOWER): following the effective date on 23 March 2022 of 2nd Amendment on \"No electricity, No Payment (without any guaranteed minimum offtake)? basis from 102MW HFO Fired Narayanganj (Madanganj) Power Plant (Unit 1) of Summit Power Limited. BPDB and the Company are in the process of finalizing amended PPA for the new term of 2 years. (end)
The first part of this announcement is missing from the archive. - Verbal consent from BPDB to purchase electricity
(Continuation news of SUMITPOWER): BPDB has also verbally instructed to resume operation of the said power plant. The Company has already started resuming operation from March 24, 2022 which remained closed since April 01, 2021 due to expiry of Power Purchase Agreement (PPA). BPDB and the Company are in the process of finalizing amended PPA for new term of 2 years from the date of signing of PPA. (end)
The first part of this announcement is missing from the archive. - BREB consent to restart operation of Power Plants
(Continuation news of SUMITPOWER): The Company is also now in the process of negotiating tariff and other terms & conditions of renewal Power Purchase Agreements with the Bangladesh Rural Electrification Board (BREB). (end)
The first part of this announcement is missing from the archive. - Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 1.00 for October-December 2021 as against Tk. 1.53 for October-December 2020; Consolidated EPS was Tk. 2.02 for July-December 2021 as against Tk. 2.81 for July-December 2020. Consolidated NOCFPS was Tk. 2.78 for July-December 2021 as against Tk. 4.10 for July-December 2020. Consolidated NAV per share was Tk. 32.67 as on December 31, 2021 and Tk. 34.45 as on June 30, 2021.
- 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 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended on June 30, 2021 to the respective shareholders.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.