Tosrifa Industries Limited announcements
200 Dhaka Stock Exchange announcements for Tosrifa Industries Limited (TOSRIFA) since 2015: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2016 (16).
- Emphasis of Matter
The auditor of the company has given the following "Emphasis of Matters" paragraph in the audit report of the company for the 06 (six) months period ended on 30 June 2016. Emphasis of Matters: We draw attention to Note 4.06 to the financial statements where management explains the rationale behind changing the reporting period of the Company to 1 July to 30 June from 1 January to 31 December pursuant to changes in the provision of Section 2(35) of the Income Tax Ordinance, 1984 following the enactment of the Finance Act, 2015. Management also explains in the same note that, to align with the aforesaid changes, the financial statements cover a period of six months from 01 January 2016 to 30 June 2016 and that is not entirely comparable with the comparative figures stated in the financial statements and the related notes. Our opinion is not qualified in respect of this matter.
- Q1 Financials
EPS was Tk. 0.31 for July-September, 2016 as against Tk. 0.37 for July-September, 2015; NOCFPS was Tk. 2.77 for July-September, 2016 as against Tk. 2.81 for July-September, 2015. NAV per share was Tk. 33.56 as of September 30, 2016 and Tk. 33.25 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 15, 2016 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016.
- 6 months audited financials
The Board of Directors has recommended No dividend for 6 months period from January 01, 2016 to June 30, 2016. (12% cash dividend as recommended by the Board of Directors on April 29, 2016 for the year ended on December 31, 2015 and earlier declared Record Date i.e. 07.06.2016 will remain unchanged). New Date of AGM: 19.12.2016, Time: 10:30 AM, Venue: Golf Garden, Dhaka Cantonment, Dhaka. The Company has also reported EPS of Tk. 0.89 and NOCFPS of Tk. (0.07) for 6 months period from January 01, 2016 to June 30, 2016 as against Tk. 1.11 (restated) and Tk. 3.73 respectively for 6 months period from January 01, 2015 to June 30, 2015. NAV per share was Tk. 33.25 as of June 30, 2016 and Tk. 32.36 as of December 31, 2015.
- 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 October 30, 2016 at 3:30 PM to consider, among others, audited financial statements of the Company for the 6 months period from January 01, 2016 to June 30, 2016.
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has rated the Company as "A+" in the long term and "ST-3 " in the short term along with stable outlook in consideration of its audited financials up to December 31, 2015; also unaudited financials up to March 31, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Resumption after record date
Trading of the shares of the Company will resume on 08.06.2016 after record date.
- Suspension news for record date
Trading of the shares of the Company will remain suspended on record date i.e., 07.06.2016.
- Spot News
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 05.06.2016 to 06.06.2016. Trading of the shares of the Company will remain suspended on record date i.e., 07.06.2016.
- Postponement of AGM, unchanged Record date
The Company has informed pursuant to the Directive issued by the BSEC dated April 27, 2016 to follow uniform income year from July to June with effect from July 01, 2016 in compliance with the provision of the Finance Act. 2015, the Company has decided the following: The 14th AGM of the Company as declared earlier on August10, 2016 is hereby postponed. In compliance of the aforesaid directive and for the first time adoption of the change in the financial year,AGM will consider 18 months financial statements i.e. audited financial statements from January 01, 2015 to June 30, 2016 and the AGM will be held after closing the financial statements on June 30, 2016 within the calendar year which will be announced in due course. Record date declared earlier i.e., 07.06.2016 for entitlement of 12% cash dividend shall remain unchanged. Cash dividend will be paid subject to approval of the shareholders in the forthcoming AGM.
- Unaudited Financial Information
EPS was Tk. 0.47 for January-March, 2016 as against Tk. 0.77 for January-March, 2015. NOCFPS was Tk. (0.12) for January-March, 2016 as against Tk. 2.11 for January-March, 2015. NAV per share was Tk. 32.84 as of March 31, 2016 and Tk.32.36 as of December 31, 2015.
- 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 May 15, 2016 at 03:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2016.
- Dividend Declaration
The Board of Directors has recommended 12% cash dividend for the year ended on December 31, 2015. Date of AGM: 10.08.2016, Time: 10:00 AM, Venue: Golf Garden, Dhaka Cantonment, Dhaka. Record Date: 07.06.2016. The Company has also reported Net Profit after tax of Tk.135.06 million, Basic EPS of Tk. 2.44 & Restated EPS of Tk. 2.14, NAV per share of Tk. 32.36, and NOCFPS of Tk. 4.10 for the year ended on December 31, 2015 as against Tk. 104.43 million, Tk. 3.03 (Basic) & Tk. 1.65 (Restated), Tk. 37.44 and Tk. 3.90 respectively 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 (02.05.2016) 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 April 29, 2016 at 10:30 AM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.
- Land Purchase
The Company has informed that the Board of Directors has decided to purchase 81.50 decimals of Industrial land adjacent to the dyeing factory building of the company at Baraidiarchala, Kaura, Sreepur, Gazipur with total value of Tk. 10,300,000.00 (approximately).
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.