DSE:TITASGAS

Titas Gas Transmission and Distribution PLC announcements

332 Dhaka Stock Exchange announcements for Titas Gas Transmission and Distribution PLC (TITASGAS) since 2008: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2014 (10).

  1. Q1 Earning

    As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2014 (July'14 to Sep'14), the Company has reported net profit after tax of Tk. 2,347.88 million with EPS of Tk. 2.37 as against Tk. 2,138.57 million and Tk. 2.16 respectively for the same period of the previous year. <div id="__if72ru4sdfsdfruh7fewui_once" style="display:none;"></div> <div id="__hggasdgjhsagd_once" style="display:none;"></div>

  2. Qualified Opinion

    &quot;Hoda Vasi Chowdhury &amp; Co&quot;, Auditor of the company has given the following qualified opinion in the audit report of the company for the year ended on 30 June 2014: &quot; a) Trade receivables amounting Taka 23,199 million appears in the statement of financial position as on 30 June 2014. Out of this amount of total trade receivables, Zone offices confirmed aggregate balances of Taka 14,366 million whereas their respective general ledger balances Taka 14,072, resulting a difference of Taka 294 million which remained unreconciled. Furthermore, Zone offices have not confirmed general ledger balances of Taka 9,128 million (Taka 23,199 million less Taka 14,072 million) and as a result, this balance could not be verified satisfactorily; Similarly, Customers' security deposit amounting to Taka 8,792 million appears in the statement of financial position as on 30 June 2014. The Zone offices out of the above total customers' security deposit confirmed balances of Taka 3,588 million against general ledger balance of Taka 3,455 million having a difference of Taka 133 million which remained unreconciled. Moreover, Zone offices have not confirmed general ledger balances of Taka 5,338 million (Taka 8,793 million less Taka 3,455 million) and as a result, this balance could not be verified satisfactorily;&quot; b) Deferred tax assets and liabilities amounting to Taka 1,640 million and Taka 810 million respectively have not been accounted for in the accompanying financial statements. As a result, after netting of deferred tax assets with deferred tax liabilities, deferred tax assets and related deferred tax income and hence net profit after tax have been understated by Taka 830 million; and c) During the year, the Company has accounted for revenue amounting Taka 660 million, which is related to previous years. The related cost of sales of this revenue has already been charged in previous years. This is a non-compliance of relevant Bangladesh Accounting Standard, which requires that the amount should be accounted for retrospectively and financial statements for the previous years' need to be re-stated but this has not been done. As a result, apart from the non-compliance of relevant Bangladesh Accounting Standard as indicated above, net profit before tax for the year ended 30 June 2014 has been overstated by Taka 660 million.&quot;

  3. trade resume

    Normal trading of the shares of the Company will resume on 09.11.2014 after record date.

  4. trade suspension

    Trading of the shares of the Company will remain suspended on record date i.e., 06.11.2014.

  5. trade suspension on record date

    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 03.11.2014 to 05.11.2014. Trading of the shares of the Company will remain suspended on record date i.e., 06.11.2014.

  6. recommended 38% cash dividend

    The Board of Directors has recommended 38% cash dividend for the year ended on June 30, 2014. Date of AGM: 23.12.2014, Time: 10:00 AM, Venue: Officers' Club, Dhaka. Record Date: 06.11.2014. The Company has also reported EPS of Tk. 10.38, NAV per share of Tk. 53.13 and NOCFPS of Tk. 12.74 for the year ended on June 30, 2014.

  7. meeting of the Board of Directors

    As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on October 23, 2014 at 6:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2014. <div id="__if72ru4sdfsdfruh7fewui_once" style="display:none;"></div> <div id="__hggasdgjhsagd_once" style="display:none;"></div>

  8. (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2014 (Jan'14 to March'14), the Compan

    (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2014 (Jan'14 to March'14), the Company has reported net profit after tax of Tk. 1,951.79 million with EPS of Tk. 1.97 as against Tk. 2,163.07 million and Tk. 2.19 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 6,154.75 million with EPS of Tk. 6.22 for the period of nine months (July'13 to March'14) ended on 31.03.2014 as against Tk. 6,291.99 million and Tk. 6.36 respectively for the same period of the previous year.

  9. H/Y Earnings

    As per un-audited half yearly accounts as on 31.12.2013 (July'13 to Dec'13), the Company has reported net profit after tax of Tk. 4,202.97 million with EPS of Tk. 4.25 as against Tk. 4,128.92 million and Tk. 4.17 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 2,064.39 million with EPS of Tk. 2.09 for the period of 3 months (Oct'13 to Dec'13) ended on 31.12.2013 as against Tk. 1,960.01 million and Tk. 1.98 respectively for the same period of the previous year.

  10. (H/Y): As per un-audited half yearly accounts as on 31.12.2013 (July'13 to Dec'13), the Company has reported net profit

    (H/Y): As per un-audited half yearly accounts as on 31.12.2013 (July'13 to Dec'13), the Company has reported net profit after tax of Tk. 4,202.97 million with EPS of Tk. 4.25 as against Tk. 4,128.92 million and Tk. 4.17 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 2,064.39 million with EPS of Tk. 2.09 for the period of 3 months (Oct'13 to Dec'13) ended on 31.12.2013 as against Tk. 1,960.01 million and Tk. 1.98 respectively for the same period of the previous year.

Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.