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 2023 (23).
- National Credit Ratings Limited (NCR) has assigned the rating of the Company as \"BBB+\" in the long term and \"ST-3\" i
National Credit Ratings Limited (NCR) has assigned the rating of the Company as \"BBB+\" in the long term and \"ST-3\" in the short term along with a Developing outlook based on audited financial statements as on December 31, 2022.
- (Q3 Un-audited): Consolidated EPS was Tk. (1.42) for July-September 2023 as against Tk. (0.82) for July-September 2022;
(Q3 Un-audited): Consolidated EPS was Tk. (1.42) for July-September 2023 as against Tk. (0.82) for July-September 2022; Consolidated EPS was Tk. (7.39) for January-September 2023 as against Tk. (5.46) for January-September 2022. Consolidated NOCFPS was Tk. 2.18 for January-September 2023 as against Tk. 0.61 for January-September 2022. Consolidated NAV per share was Tk. (23.25) as on September 30, 2023 and Tk. (15.86) as on December 31, 2022. (cont.1)
- (Continuation news of UNIONCAP): Reasons for deviations of EPS and NAVPS: a. Consolidated EPS for the period ended 30 Se
(Continuation news of UNIONCAP): Reasons for deviations of EPS and NAVPS: a. Consolidated EPS for the period ended 30 September 2023 has been decreased from the same period of previous year due to i) decreasing interest income due to down gradation of non-performing loans, ii) increasing provision requirement for down gradation of non-performing loans and iii) decreasing brokerage commission due to sluggish trend in capital market. (cont.2)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation news of UNIONCAP): b) NAV as at 30 September 2023 has been decreased from the 31 December 2022 due to incurring consolidated net loss after tax of Tk. 127.52 crore which has decreased net assets value by the same amount as on 30 September 2023. (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 17, 2023 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- Resumption after Record date
Trading of the shares of the company will resume on 05.10.2023.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 04.10.2023.
- 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 02.10.2023 to 03.10.2023 and trading of the shares will remain suspended on record date i.e., 04.10.2023.
- Declaration of Date, Time and Venue of AGM
Refer to the earlier news disseminated by DSE on 10.09.2023 regarding Dividend Declaration, the Company has further informed that the 25th AGM of the Company will be held on November 28, 2023 at 11:30 AM. Venue: Digital Platform.
- The auditor of the company has given the \"Material Uncertainty Related to Going Concern\" & \"Emphasis of Matter\" para
The auditor of the company has given the \"Material Uncertainty Related to Going Concern\" & \"Emphasis of Matter\" paragraphs in the Auditor\'s Report of the company for the year ended December 31, 2022. To view the details, please visit: https://www.dsebd.org/assets/pdf/EMof\%20Union\%20Capital\%20Limited\%20for\%20the\%20year\%20ended\%20December\%20312022.pdf
- (Q1 Un-audited): Consolidated EPS was Tk. (1.48) for January-March 2023 as against Tk. (0.68) for January-March 2022. Co
(Q1 Un-audited): Consolidated EPS was Tk. (1.48) for January-March 2023 as against Tk. (0.68) for January-March 2022. Consolidated NOCFPS was Tk. 0.45 for January-March 2023 as against Tk. 0.46 for January-March 2022. Consolidated NAV per share was Tk. (17.33) as on March 31, 2023 and Tk. (15.86) as on December 31, 2022. Reasons for deviation in EPS and NAVPS: (cont.)
- (Q2 Un-audited): Consolidated EPS was Tk. (4.49) for April-June 2023 as against Tk. (3.95) for April-June 2022; Consolid
(Q2 Un-audited): Consolidated EPS was Tk. (4.49) for April-June 2023 as against Tk. (3.95) for April-June 2022; Consolidated EPS was Tk. (5.97) for January-June 2023 as against Tk. (4.64) for January-June 2022. Consolidated NOCFPS was Tk. 1.44 for January-June 2023 as against Tk. 0.19 for January-June 2022. Consolidated NAV per share was Tk. (21.82) as on June 30, 2023 and Tk. (15.86) as on December 31, 2022. (cont.)
- Q1 Financials
(Continuation news of UNIONCAP): EPS has been decreased due to decreasing interest income resulting from increased non-performing loans, increasing provision requirement for increased non-performing loans and decreasing brokerage commission. NAVPS has been decreased due to incurring consolidated loss of TK. 25.46 Crore. (end)
The first part of this announcement is missing from the archive. - Dividend Declaration
The Board of Directors has recommended No dividend for the year ended December 31, 2022. Date, Time and Venue of the AGM will be notified later on. Record date: 04.10.2023. The Company has also reported Consolidated EPS of Tk. (11.95), Consolidated NAV per Share of Tk. (15.86) and Consolidated NOCFPS of Tk. 1.34 for the year ended December 31, 2022 as against Tk. (8.03), Tk. (3.91) and Tk. (0.76) respectively for the year ended December 31, 2021.
- Q2 Financials
(Continuation news of UNIONCAP): Reasons for deviation in EPS and NAVPS: Consolidated EPS has been decreased due to decrease in interest income resulting from increased non-performing loans, increase in provision requirement for increased non-performing loans and decrease in brokerage commission due to sluggish trend in capital market. Consolidated NAVPS has been decreased due to incurring consolidated loss of Tk. 103 crore which has decreased net assets value by the same amount. (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 (10.09.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- 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 September 07, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023 and Second Quarter (Q2) period ended June 30, 2023.
- 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 September 07, 2023 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2022.
- Appointment of Independent Director
The company has informed that the Board of Directors has appointed Dr. Qazi Moinuddin Mahmud, nominated from Bangladesh Security and Exchange Commission as the Independent Director of the company.
- The company, Union Capital Limited (UCL), has informed that it appealed to Bangladesh Bank for reconsidering its decisio
The company, Union Capital Limited (UCL), has informed that it appealed to Bangladesh Bank for reconsidering its decision with regard not to charge interest or block interest against loan balance lying with Unicap Investments Limited (wholly owned subsidiary of UCL) extended by Union Capital Limited with the fact that the subsidiary cannot charge the interest to its Margin Loan clients as their portfolio have already fallen into (cont.1)
- (Continuation news of UNIONCAP): negative equity. Consequently, under this circumstances, if UCL charge interest, the su
(Continuation news of UNIONCAP): negative equity. Consequently, under this circumstances, if UCL charge interest, the subsidiary will have incurred substantial amount of loss which will further worsen the group financial health. Since the matter has not been settled yet and they are waiting for the decision of Bangladesh Bank, they are not in the position to finalize the Audited Financial Statements for the year 2022 and (cont.2)
The first part of this announcement is missing from the archive. - Reasons for delay in adoption of financial statements
(Continuation news of UNIONCAP): subsequent un-audited Financial Statements for the First Quarter ended March 31, 2023 and for the Second Quarter ended June 30, 2023 within the stipulated deadline in accordance with the relevant regulations of the Dhaka Stock Exchange (Listing) Regulations, 2015. (end)
The first part of this announcement is missing from the archive. - Election of Chairman
The Company has informed that the Board of Directors has elected Mr. Munshi Shafiul Haque as the Chairman of the Board of Directors of the Company.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.