Union Capital Limited announcements
471 Dhaka Stock Exchange announcements for Union Capital Limited (UNIONCAP) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (27).
- National Credit Ratings Limited (NCR) has assigned the rating of the Company as \"A-\" in the long term and \"ST-3\" in
National Credit Ratings Limited (NCR) has assigned the rating of the Company as \"A-\" in the long term and \"ST-3\" in the short term along with developing outlook based on audited financial statements of the Company as on December 31, 2021.
- (Q3 Un-audited): Consolidated EPS was Tk. (0.82) for July-September 2022 as against Tk. (1.44) for July-September 2021;
(Q3 Un-audited): Consolidated EPS was Tk. (0.82) for July-September 2022 as against Tk. (1.44) for July-September 2021; Consolidated EPS was Tk. (5.46) for January-September 2022 as against Tk. (2.29) for January-September 2021. Consolidated NOCFPS was Tk. 0.61 for January-September 2022 as against Tk. (0.41) for January-September 2021. Consolidated NAV per share was Tk. (9.37) as on September 30, 2022 and Tk. (3.91) as on December 31, 2021. (cont.1)
- (Continuation news of UNIONCAP): Reasons for deviations of EPS and NAVPS: a) EPS for the period ended 30 September 2022
(Continuation news of UNIONCAP): Reasons for deviations of EPS and NAVPS: a) EPS for the period ended 30 September 2022 has been decreased from the same period of previous year due to i) decreasing interest income resulting from increased non-performing loans; and ii) increasing provision requirement for increased non-performing loans. (cont.2)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation news of UNIONCAP): b) NAV as on 30 September 2022 has been decreased from 31 December 2021 due to incurring consolidated net loss after tax of Tk. 94.25 crore which has reduced net assets value by the same amount as on 30 September 2022. (end)
The first part of this announcement is missing from the archive. - 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 October 25, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
- MOU between Union Capital Limited and Prime Bank Ltd.
The Company has informed that the Board has consented for signing a Memorandum of Understanding (MoU) with Prime Bank Ltd. to explore the opportunity for potential collaboration between the two institutions, subject to all regulatory approvals.
- Elected of the Chairman
The Company has informed that the Board of Directors has elected Mr. G.M. Khurshid Alam, Ph.D. as the Chairman of the Company.
- Query Response
In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike and increase in volume of shares.
- (Q2 Un-audited): Consolidated EPS was Tk. (3.95) for April-June 2022 as against Tk. (0.26)) for April-June 2021; Consoli
(Q2 Un-audited): Consolidated EPS was Tk. (3.95) for April-June 2022 as against Tk. (0.26)) for April-June 2021; Consolidated EPS was Tk. (4.64) for January-June 2022 as against Tk. (0.84) for January-June 2021. Consolidated NOCFPS was Tk. 0.19 for January-June 2022 as against Tk. 0.23 for January-June 2021. Consolidated NAV per share was Tk. (8.54) as on June 30, 2022 and Tk. (3.91) as on December 31, 2021. (Cont.)
- Q2 Financials
(Continuation news of UNIONCAP): The Company also informed that EPS has decreased due to decrease of interest income resulting from increased non-performing loans and increase of provision requirement for increased non-performing loans. NAV has decreased due to incurring consolidated loss of Tk.80 crore which has reduced net assets value by the same amount as on June 30, 2022. (end)
The first part of this announcement is missing from the archive. - 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 July 28, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
- Resumption after record date
Trading of the shares of the company will resume on 30.05.2022 after record date.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e. 29.05.2022.
- 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 25.05.2022 to 26.05.2022 and trading of the shares will remain suspended on record date i.e, 29.05.2022.
- (Continuation news of UNIONCAP): Consolidated EPS for the first quarter of 2022 has been decreased from the same period
(Continuation news of UNIONCAP): Consolidated EPS for the first quarter of 2022 has been decreased from the same period of previous year due to decreasing interest income resulting from no new disbursement and increased NPL, other operating income resulting from less recovery from written off clients and other investment income. (cont.2)
The first part of this announcement is missing from the archive. - The auditor of the Union Capital Limited has given the \"Emphasis of matter\" paragraphs on the audited financial statem
The auditor of the Union Capital Limited has given the \"Emphasis of matter\" paragraphs on the audited financial statements for the year ended December 31, 2021. Emphasis of matter: i) We draw attention to Note 17.00 and Profit or Loss Account in the financial statements, which indicates that the Company incurred a net loss of Tk. 1,435,881,180 and Retained Earnings/(loss) (2,899,798,429) during the year ended December 31, 2021 and, as of that date, (cont.1)
- (Continuation news of UNIONCAP): the Company\'s total liabilities exceeded its total assets by Tk. 722,162,600 and its f
(Continuation news of UNIONCAP): the Company\'s total liabilities exceeded its total assets by Tk. 722,162,600 and its financial statements shown Net assets value per share (NAV) is (4.18), Earnings per share (EPS) is (8.32) and Capital adequacy ratio (CAR) is (3.05) \% respectively. In connection with our audit, we have performed audit procedures to evaluate management\'s assumptions as to the Company\'s ability to continue as a going concern. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of UNIONCAP): ii) As reference to the note # 15.00, Regulatory capital (core capital and supplementar
(Continuation news of UNIONCAP): ii) As reference to the note # 15.00, Regulatory capital (core capital and supplementary capital) should have been maintained at Taka 1,689,825,854 as per section 4 (Gha) of the Financial Institutions Regulations 1994 (as amended) and Bangladesh Bank circular no. 05 and 08 dated 24 July 2011 and 02 August 2010 respectively of The Department of Financial Institutions and Markets (DFIM). However, the eligible capital of the company is Taka (515,159,317). (cont.3)
The first part of this announcement is missing from the archive. - Emphasis of matter
(Continuation news of UNIONCAP): The shortfall in regulatory capital of Taka 2,204,985,171 compare to minimum requirement. iii) We draw attention to the Note # 5.00, which shown Fixed Deposit with Bangladesh Industrial Finance Company Limited and International Leasing and Financial Services Limited. iv)We draw attention to the Note # 14.03 and Note # 14.03.01 which describes provision against Other Assets and Accrued Interest. (end)
The first part of this announcement is missing from the archive. - Q1 Financials
(Continuation news of UNIONCAP): NAV for the first quarter of 2022 has been decreased from the same period of previous year due to incurring loss of about Tk. 14.34 crore during the first quarter of 2022 and this loss results from decreased interest income due to increasing non-performing loan and no new investments, decreased other investment income. (end)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of UNIONCAP): ii) NAV for 2021 has been decreased from previous year due to incurring loss of about Tk. 143 during 2021 and the main reasons for this loss are extra provision required for increased NPL, less interest income resulting from increased NPL and no new disbursement during 2021. (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 (28.04.2022) following its corporate declaration.
- Reschedule of Board Meeting under LR 19(1)
The Company has further informed that, the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on April 27, 2022 at 2:06 PM instead of 2:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 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 27, 2022 at 2:06 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2022.
- 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 April 27, 2022 at 2:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2021.
- Share Transmission Completion of Deceased Director
The Company has further reported that 12,91,691 shares of Late Mr. Muhammad Faizur Rahman, Director of the company, have been transmitted among his successors according to the Succession Certificate issued by the Honorable Court.
- Share Transmission of Deceased Director among his successors
The Company has informed that Mr. Muhammad Faizur Rahman, one of the Directors of the company passed away on 28.06.2020. His total holding of 12,91,691 shares will be transmitted among his successors according to the Succession Certificate issued by the Honorable Court.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.