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 2016 (15).
- Resumption after record date
Trading of the shares of the Company will resume on 20.11.2016 after record date.
- Suspension for record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2016.
- Spot for AGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 15.11.2016 to 16.11.2016. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2016.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 1.08 for July-September, 2016 as against Tk. 1.57 for July-September, 2015; NOCFPS was Tk. (1.29) for July-September, 2016 as against Tk. 1.37 for July-September, 2015. NAV per share was Tk. 63.73 as of September 30, 2016 and Tk. 62.64 as of June 30, 2016.
- Board Meeting
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, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016.
- Dividend Declaration
The Board of Directors has recommended 20% cash dividend for the year ended on June 30, 2016. Date of AGM: 26.12.2016, Time: 10:00 AM, Venue: Officers' Club, Dhaka. Record Date: 17.11.2016. The Company has also reported EPS of Tk. 7.37, NAV per share of Tk. 62.64 and NOCFPS of Tk. 11.17 for the year ended on June 30, 2016.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.10.2016) following its corporate declaration.
- Board Meeting
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, 2016 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2016.
- Q3 Financials
EPS was Tk. 0.96 for January-March, 2016 as against Tk. 1.87 for January-March, 2015; EPS was Tk. 2.85 for July, 2015-March, 2016 as against Tk. 6.19 for July, 2014-March, 2015. NOCFPS was Tk. 7.99 for July, 2015-March, 2016 as against Tk. 5.22 for July, 2014-March, 2015. NAV per share was Tk. 59.71 as of March 31, 2016 and Tk. 58.36 as of June 30, 2015.
- Qualified Opinion
"Khan Wahab Shafique Rahman & Co.", Auditor of the company has given the following qualified opinion in the audit report of the company for the year ended on 30 June 2015:" (a) Trade receivables (gross) amounting Tk. 25,488 million appears in the statement of financial position as at 30 June 2015. Out of the said amount, Tk. 21,795.50 million related to zone offices. The zone offices did not confirm general ledger balance was remained unverified & unconfirmed. Similarly, customer's security deposit amounting Tk. 9,303.95 million appears in the statement of financial position as at 30 June 2015. The zone offices did not confirm general ledger balance and also not provided any schedule of individual zone balances.Therefore, the said amount of Tk. 9,303.95 million was remained unverified & unconfirmed. (b) Deferred tax assets and liabilities amounting Tk. 1,656.30 million and Tk. 863.36 million respectively have not been accounted for in the accompanying financial statement. As a result, after netting of deferred tax assets with deferred tax liabilities, deferred tax assets and related deferred tax income to be Tk. 792.94 million and hence net profit after tax have been understated by Tk. 792.94 million. (c) Total sum of Tk. 1,126,100,147 on account of Pension Fund accounted as on 30.06.2015 as per financial position. The company is yet to ascertain the actual liability to meet the obligation for the employees/ officers, if retired, on this day. As such we could not confirm whether this fund is adequate or not.
- Board Meeting (Q3)
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, 2016 at 6:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2016.
- Clarification of news
In response to DSE query on the matter of news published in the daily newspaper on April 04, 2016 regarding raising of distribution charge on Titas Gas by Bangladesh Energy Regulatory Commission (BERC), the Company has informed the following: "We made an appeal according to the 'Natural Gas Distribution Tariff Regulations 2010, 11(3)' to BERC on November 18, 2015 for reviewing the distribution margin realistic and acceptable, but we didnÂt get any decision from BERC regarding the appeal till date."
- Q2 Financials
EPS was Tk. 0.32 for October-December, 2015 as against Tk. 2.16 for October-December, 2014; EPS was Tk. 1.89 for July-December, 2015 as against Tk. 4.25 for July-December, 2014. NOCFPS was Tk. 5.51 for July-December, 2015 as against Tk. 3.50 for July-December, 2014. NAV per share was Tk. 58.75 as of December 31, 2015 and Tk. 58.36 as of June 30, 2015. It is to be noted that due to re-fixing of distribution margin from 01.09.2015 the Net Profit and the EPS have been reduced for the period.
- Board Meeting
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 31, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2015.
- Cash Dividend Disbursement
The Company has informed that it has disbursed cash dividend for the year ended on June 30, 2015.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.