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 2024 (23).
- BSEC's consent for extension of financial statement submission
The company has informed that the Bangladesh Securities and Exchange Commission (BSEC) has given consent to extend the time for submission of audited financial statements for the year ended on 30 June 2024 (against the scheduled date of 28 October 2024), first quarterly un-audited financial statements for the period ended on 30 September 2024 (against the scheduled date of 14 November 2024) and second quarterly un-audited financial statements for the period ending on (cont.) (Cont. news of SUMITPOWER): 31 December 2024 (against the scheduled date of 30 January 2025). The company has assured that they will be able to prepare the set of financial statements for the year ended on 30 June 2024, including completion of audit thereon as well as that of the first quarter ended on 30 September 2024, and the second quarter ending on 31 December 2024 and submit and/or publish the same within approved extended time-frame of 31 March 2025. (end)
- Status of operation of Power Plants
The company has provided updates regarding the operation of the respective power plants and the latest status of renewal of Power Purchase Agreements (PPAs). To view the information, please visit the following link: https://www.dsebd.org/Annexure/2024/PSI_SUMITPOWER_2024.pdf
- Status of Power Plants upon expiry of initial/renewed PPAs
The Company has informed the Status of Operation of Power Plants upon expiry of initial/renewed Power Purchase Agreements (PPAs). To view the details, please visit: https://www.dsebd.org/Annexure/2024/Status%20of%20Operation%20of%20Power%20Plant%20upon%20expiry%20of%20initialrenewed%20PPA.pdf
- SUMITPOWER Query Response
In response to the DSE query, the company has informed that they do not have any undisclosed material decision/information relating to the company's operation/profitability that might have impact on price fall of shares of the company.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.
- Election of new Chairman of the company
The company has informed that the Board of Directors has elected Mr. Mohammad Latif Khan as the new Chairman of the Company.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.69 for January-March 2024 as against Tk. 0.48 for January-March 2023; Consolidated EPS was Tk. 2.40 for July 2023-March 2024 as against Tk. 2.05 for July 2022-March 2023. Consolidated NOCFPS was Tk. 7.05 for July 2023-March 2024 as against Tk. 4.82 for July 2022-March 2023. Consolidated NAV per share was Tk. 40.50 as on March 31, 2024 and Tk. 38.02 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 03:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- Holding AGM by using Digital Platform in place of Hybrid System
Refer to their earlier news disseminated by DSE on 22.02.2024 regarding Dividend Declaration, the company has further informed that the 26th Annual General Meeting (AGM) of the Company will be held on the scheduled day on 18th April 2024 at 11.30 AM by using Digital Platform through the following link in place of the Hybrid System: https://summitpower.bdvirtualagm.com
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has assigned the company as 'AAA' in the long term and 'ST-1' in the short term along with Stable outlook in consideration of its audited financials up to June 30, 2023, also unaudited financials up to December 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.89 for July-September 2023 as against Tk. 0.81 for July-September 2022; Consolidated NOCFPS was Tk. 1.32 for July-September 2023 as against Tk. 0.79 for July-September 2022. Consolidated NAV per share was Tk. 39.13 as on September 30, 2023 and Tk. 38.02 as on June 30, 2023.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.82 for October-December 2023 as against Tk. 0.76 for October-December 2022; Consolidated EPS was Tk. 1.71 for July-December 2023 as against Tk. 1.57 for July-December 2022. Consolidated NOCFPS was Tk. 2.21 for July-December 2023 as against Tk. 2.02 for July-December 2022. Consolidated NAV per share was Tk. 39.77 as on December 31, 2023 and Tk. 38.02 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 March 24, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2023 and Second Quarter (Q2) period ended December 31, 2023 respectively.
- Resumption after Record date
Trading of the shares of the company will resume on 18.03.2024.
- Suspension for record date
Trading of the shares of the company will remain suspended on record date i.e., 14.03.2024.
- 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 12.03.2024 to 13.03.2024 and trading of the shares will remain suspended on record date i.e., 14.03.2024.
- The Board of Directors has recommended 10\% Cash Dividend for the year ended June 30, 2023. The Company has also reporte
The Board of Directors has recommended 10\% Cash Dividend for the year ended June 30, 2023. The Company has also reported Consolidated EPS of Tk. 2.07, Consolidated NAV per share of Tk. 38.02 and Consolidated NOCFPS of Tk. 7.04 for the year ended June 30, 2023 as against Tk. 3.87, Tk. 35.72 and Tk. 5.91 respectively for the year ended June 30, 2022. Record Date: 14.03.2024. Date of AGM: 18.04.2024, Time: 11:30 AM, Venue: Hybrid System, Location of physical meeting: (cont.1)
- (Continuation news of SUMITPOWER): Krishibid Institution Bangladesh (KIB), Krishi Khamar Sarak, Khamarbari, Farmgate, Dh
(Continuation news of SUMITPOWER): Krishibid Institution Bangladesh (KIB), Krishi Khamar Sarak, Khamarbari, Farmgate, Dhaka-1215. Reasons for decrease in EPS: There were three major reasons for decrease in EPS, due to global scenarios adversely effecting US dollar exchange rate and national forex reserves. First, the fuel cost was excess to fuel revenue on the account of adverse exchange rate. Second, increase of net finance expense arising out of working capital supports through (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of SUMITPOWER): local banks due to excessive delay in payment of bills from only off-taker, BPDB and
(Continuation news of SUMITPOWER): local banks due to excessive delay in payment of bills from only off-taker, BPDB and lastly, increased foreign exchange loss on quarterly servicing of foreign currency project financing. The company has also informed that no dividend has been declared out of the Capital Reserve account, the Revaluation Reserve account, through reducing Paid-up Capital or through any Unrealised Gain or (cont.3)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of SUMITPOWER): from the Profit Earned prior to the incorporation of the Company, if any, or 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. - Price Limit Open
There will be no price limit on the trading of the shares of the company today (22.02.2024) 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 February 20, 2024 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
- Extension of time for submission of financial statements
The company has informed that Bangladesh Securities and Exchange Commission (BSEC) vide its letter No. BSEC/Corp. Ref/243/2005/Part-V/CRD-06 dated 4th January 2024, allowed further extension of time up to 31st March 2024 for submission of audited Financial Statements of the Company for the year ended on 30th June 2023 as well as un-audited financials for the first quarter ended on 30th September 2023 and second quarter ended on 31st December 2023 including regulatory compliance.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.