Tung Hai Knitting and Dyeing Limited announcements
110 Dhaka Stock Exchange announcements for Tung Hai Knitting and Dyeing Limited (TUNGHAI) since 2014: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (17).
- The auditor of the Tung Hai Knitting & Dyeing Ltd. has given the \"Qualified Opinion\" paragraphs in the Auditor\'s Repo
The auditor of the Tung Hai Knitting & Dyeing Ltd. has given the \"Qualified Opinion\" paragraphs in the Auditor\'s Report for the year ended 30 June 2022. Basis for Qualified Opinion 1. Business Operation: The company has no business since 2019, so that revenue was not reported from 2019 to till now. 2. Property, Plant and Equipment: We draw attention to note number 4 of the Financial Statements. Tk. 461,296,223 in the statement of Financial Position. (cont.1)
- (Continuation news of TUNGHAI): In our opinion, the value of PPE is substantially reduced for want of maintenance. The m
(Continuation news of TUNGHAI): In our opinion, the value of PPE is substantially reduced for want of maintenance. The management has not made any provision for impairment of the PPE. The PPE should be reviewed by the independent valuer to ascertain the current value and impairment. During the year no revaluation is made by the management. If the impairment impact was given, net profit could have reduced to that extent. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of TUNGHAI): 3. Investment in Shares: We refer to the note number 5 of the Financial Statements. This
(Continuation news of TUNGHAI): 3. Investment in Shares: We refer to the note number 5 of the Financial Statements. This represents the amount invested in shares of GMG Airlines Ltd. The GMG Airlines Ltd. was closed for long time. The value of investment is Shown in cost. In our opinion value of the investment will not return back. If the impairment impact was given net profit could have reduced to that extent. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of TUNGHAI): 4. Inventory: The company\'s inventories are carried in the statement of financial posit
(Continuation news of TUNGHAI): 4. Inventory: The company\'s inventories are carried in the statement of financial position Tk. 77,965,194. In our opinion, there is no value in use of the inventories as the company is not in operations from 2019. If the obsolete amount is shown in financial statement, net profit could have reduced to that extent. 5. Going Concern: We refer to the note number 3.03 of the Financial Statements. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of TUNGHAI): We note that company\'s accumulated retained earnings is (Tk. 1,751,587,541), shareholde
(Continuation news of TUNGHAI): We note that company\'s accumulated retained earnings is (Tk. 1,751,587,541), shareholders\' equity is (Tk. 659,073,828) and current liabilities of the company is Tk. 709,754,510. The above situation indicates that a material uncertainty exists that may cause significant doubt on the Company\'s ability to maintain as a going concern. The financial statements do not adequately disclose this matter. (cont.5)
The first part of this announcement is missing from the archive. - Qualified Opinion
(Continuation news of TUNGHAI): Note 3.03 Going Concern: As per IAS-1, a company is required to make assessment at the end of each year to assess its capability to continue as going concern. Management of the company makes such assessment each year. The company has adequate resources to continue in operation for the foreseeable future and has wide coverage of its liabilities. For this reason, the Directors continue to adopt the going concern assumption while preparing the financial statements. (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the Company will resume on 21.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2022
- 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 from 15.11.2022 to 17.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2022.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.07) for July-September 2022 as against Tk. (0.06) for July-September 2021; NOCFPS was Tk. (0.02) for July-September 2022 as against Tk. (0.01) for July-September 2021. NAV per share was Tk. (6.25) as on September 30, 2022 and Tk. (6.18) 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 8, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (31.10.2022) following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended June 30, 2022. Date of AGM: 12.12.2022, Time: 3:00 PM, Venue: Digital Platform. Link: https://Tunghai18thagm.digitalagmbd.net. Record Date: 20.11.2022. The Company has reported EPS of Tk. (0.42), NAV per share of Tk. (6.18) and NOCFPS of Tk. (0.03) for the year ended June 30, 2022 as against Tk. (0.29), Tk. (5.76) and Tk. (0.001) for the year ended June 30, 2021. (end)
- 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, 2022 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.05) for January-March 2022 as against Tk. (0.06) for January-March 2021; EPS was Tk. (0.21) for July 2021-March 2022 as against Tk. (0.22) for July 2020-March 2021. NOCFPS was Tk. (0.023) for July 2021-March 2022 as against Tk. (0.012) for July 2020-March 2021. NAV per share was Tk. (5.96) as on March 31, 2022 and Tk. (5.76) 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 24, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.14) for July-December 2021 as against Tk. (0.29) for July-December 2020. NAV per share was Tk. (5.90) as on December 31, 2021 and Tk. (5.76) as on June 30, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.