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 2024 (33).
- Credit Rating Result
National Credit Ratings Limited (NCR) has assigned rating of the Company as "BBB-" in the long term and "ST-4" in the short term along with Developing outlook based on audited financial statements as on December 31, 2023.
- (Q3 Un-audited): Consolidated EPS was Tk. (2.56) for July-September 2024 as against Tk. (1.42) for July-September 2023;
(Q3 Un-audited): Consolidated EPS was Tk. (2.56) for July-September 2024 as against Tk. (1.42) for July-September 2023; Consolidated EPS was Tk. (3.76) for January-September 2024 as against Tk. (7.39) for January-September 2023. Consolidated NOCFPS was Tk. 2.02 for January-September 2024 as against Tk. 2.18 for January-September 2023. Consolidated NAV per share was Tk. (54.78) as on September 30, 2024 and Tk. (51.03) as on December 31, 2023. (cont.1)
- (Continuation news of UNIONCAP): Reasons for deviations in EPS and NAVPS: Consolidated EPS for the 9 months period ended
(Continuation news of UNIONCAP): Reasons for deviations in EPS and NAVPS: Consolidated EPS for the 9 months period ended 30 September 2024 has been increased from the same period of previous year due to reduce of operating expenses; release of provision against loans, advances and leases; and reduce of required provision against loans, advances and leases compare to previous year. (cont.2)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation news of UNIONCAP): NAV as at 30 September 2024 has been decreased from the 31 December 2023 due to incurring net loss after tax of BDT 64.84 crore and the main reasons for this loss are decrease net interest income; reduce of income against Fees, commissions, exchange and brokerage; and decrease of other operating income. (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 24, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- Change of date of the 26th AGM of the company
Refer to their earlier news disseminated by DSE on 30.06.2024 regarding dividend declaration, the company has further informed that the Board of Directors has decided to change the scheduled date of the forthcoming 26th AGM of the Company to September 30, 2024 instead of the earlier declared date of September 10, 2024. All other information relating to the AGM will be remain unchanged.
- (Q2 Un-audited): Consolidated EPS was Tk. (0.68) for April-June 2024 as against Tk. (4.49) for April-June 2023; Consolid
(Q2 Un-audited): Consolidated EPS was Tk. (0.68) for April-June 2024 as against Tk. (4.49) for April-June 2023; Consolidated EPS was Tk. (1.88) for January-June 2024 as against Tk. (5.97) for January-June 2023. Consolidated NOCFPS was Tk. 1.55 for January-June 2024 as against Tk. 1.44 for January-June 2023. Consolidated NAV per share was Tk. (52.91) as on June 30, 2024 and Tk. (51.03) as on December 31, 2023. (cont.)
- Q2 Financials
(Continuation news of UNIONCAP): Reasons for deviation in EPS and NAVPS: Consolidated EPS has been increased due to increase of investment income, reduce of operating expenses and release of required provision against loans, advances and leases. Consolidated NAVPS has been decreased due to decreasing net interest income, reduce of income against fees, commissions, exchange and brokerage and other operating income. (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 30.07.2024.
- 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 30, 2024 at 02:40 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 29.07.2024.
- Spot News
Due to unavoidable circumstances, the record date of the company has been shifted to 29.07.2024. 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 24.07.2024 to 28.07.2024 and trading of the shares will remain suspended on record date i.e., 29.07.2024.
- Qualified Opinion and Emphasis of Matter
The auditor of the company has given the "Qualified Opinion" and "Emphasis of Matter" paragraphs in the Auditor's Report of the company for the year ended December 31, 2023. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/july/UNIONCAP_2023.pdf
- The Board of Directors has recommended No Dividend for the year ended December 31, 2023. Date of AGM: 10.09.2024, Time:
The Board of Directors has recommended No Dividend for the year ended December 31, 2023. Date of AGM: 10.09.2024, Time: 11:30 AM by using Hybrid System in combination of physical and digital presence. Venue: Will be notified through AGM notice. Record Date: 28.07.2024. The Company has also reported Consolidated EPS of Tk. (35.17), Consolidated NAV per share of Tk. (51.03) and Consolidated NOCFPS of Tk. 2.19 for the year ended December 31, 2023 as against Tk. (11.95), (cont.1)
- (Cont. news of UNIONCAP): Tk. (15.86) and Tk. 1.34 respectively for the year ended December 31, 2022. Reasons for deviat
(Cont. news of UNIONCAP): Tk. (15.86) and Tk. 1.34 respectively for the year ended December 31, 2022. Reasons for deviation: a) Consolidated EPS for 2023 has been decreased from the same period of previous year due to: i) maintaining additional provision for classifying the loan outstanding lying with UniCap Investments Limited; ii) increasing provision requirement for down gradation of non-performing loans; iii) decreasing interest income due to down gradation of non-performing loans; (cont.2)
The first part of this announcement is missing from the archive. - (Cont. news of UNIONCAP): and iv) decreasing brokerage commission due to sluggish trend in capital market. b) NAV for 20
(Cont. news of UNIONCAP): and iv) decreasing brokerage commission due to sluggish trend in capital market. b) NAV for 2023 has significantly decreased from previous year due to incurring net loss after tax of about Tk. 606.97 crore and the main reasons for this loss are maintaining additional provision for classifying the loan outstanding lying with UniCap Investments Limited (cont.3)
The first part of this announcement is missing from the archive. - (Q1 Un-audited): Consolidated EPS was Tk. (1.20) for January-March 2024 as against Tk. (1.48) for January-March 2023. Co
(Q1 Un-audited): Consolidated EPS was Tk. (1.20) for January-March 2024 as against Tk. (1.48) for January-March 2023. Consolidated NOCFPS was Tk. 1.05 for January-March 2024 as against Tk. 0.45 for January-March 2023. Consolidated NAV per share was Tk. (52.23) as on March 31, 2024 and Tk. (51.03) as on December 31, 2023. Reasons for deviation: Consolidated EPS for first quarter ended 2024 has been increased from the same period of previous year due to: (cont.1)
- (Cont. News of UNIONCAP): i) increase of investment income; ii) increase of income from Fees, commissions, exchange and
(Cont. News of UNIONCAP): i) increase of investment income; ii) increase of income from Fees, commissions, exchange and brokerage; and iii) reduction of required provision against loans, advances and leases compare to previous year. b) During the period ended 31 March 2024, NAV stands at BDT (52.23) per share which was BDT (51.03) as on 31 December 2023. NAV for the first quarter of 2024 has been decreased from the 31 December 2023 (cont.2)
The first part of this announcement is missing from the archive. - The auditor of the company has given the Qualified Opinion. Qualified Opinion disclosed by the auditors: As discussed in
The auditor of the company has given the Qualified Opinion. Qualified Opinion disclosed by the auditors: As discussed in note #2.10 of the financial statements, as of December 31, 2023, the Company reported a loss of BDT 6,028.30 million with a negative Earnings Per Share (EPS) of BDT (34.93). The Company\'s accumulated loss has reached BDT 10,864.76 million, which is 68\% of the total assets. Additionally, around 86.94\% of the total loans, advances, (cont.1)
- (Cont. News of UNIONCAP): and lease portfolios are categorized as non-performing. Total liabilities of the Company have
(Cont. News of UNIONCAP): and lease portfolios are categorized as non-performing. Total liabilities of the Company have increased by 31\% in the current year compared to the previous year. The Company\'s current year total liabilities shown in the financial statements are 155\% of its total assets. The Net Assets Value (NAV) per share for the current year is BDT (50.34), compared to BDT (15.41) in the previous year. Moreover, the Company has been consistently making losses over the last 5 years: (cont.2)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Cont. news of UNIONCAP): and enhancement of required provision for loan, advances and leases, decreasing interest income resulting from down gradation of non-performing loan and decreasing of other operating income resulting from less recovery from written off clients. (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 (30.06.2024) following its corporate declaration.
- Q1 Financials
(Cont. News of UNIONCAP): due to incurring net loss after tax of about Tk. 20.66 crore and the main reasons for this loss are decreasing interest income and maintaining extra provision for down gradation of NPL. (end)
The first part of this announcement is missing from the archive. - Qualified Opinion
(Cont. News of UNIONCAP): BDT (988.43) million in 2019, BDT (498.71) million in 2020, BDT (1,435.88) million in 2021, BDT (1,936.66) million in 2022, and BDT (6,028.30) million in 2023. These above situations indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. The disclosures in the financial statements are Insufficient to clarify the Company's going concern status. (end)
The first part of this announcement is missing from the archive. - Emphasis of Matter
The auditor of the company has given the Emphasis of Matter. Emphasis of Matter disclosed by the auditors: a) In note no. 7.11 and 7.12 of the financial statements, the Company has disclosed the reasons that resulted in significant losses during the current year in comparison to the previous year. b) In note no. 15 of the financial statements, the Company has disclosed the information related to regulatory capital (Core Capital and Supplementary Capital) requirements. (cont.) (Cont. News of UNIONCAP): The Company has to maintain regulatory capital amounting to BDT 1,401,442,806 as per the Bangladesh Bank's circular no 05, dated 4th July 2011 and DFIM circular no. 14, dated 28th December 2011. But the eligible capital of the Company stands as at 31 December 2023 amounting to BDT (8,504,935,690), resulting in a shortfall at BDT (9,906,378,496). (end)
- Update of Information
The company has informed that the shareholders whose name shall appear in the Depository Register of the Company on the Record Date shall be entitled to attend the 26th Annual General Meeting. The company has also requested the shareholders to update the respective BO Account with email address so that they can send the Annual Report of the Company for the year 2023 through email.
- 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 June 27, 2024 at 03:30 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
- 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 June 27, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
- In response to a DSE query dated February 15, 2024 regarding clarification on recent news published in a newspaper regar
In response to a DSE query dated February 15, 2024 regarding clarification on recent news published in a newspaper regarding \"Union Capital might merge with Prime Bank\", the company has informed DSE, among others, as follows: \"??...Bangladesh Bank has recently given its primarily consent to consider the merger of Union Capital Limited with the Prime Bank PLC. (cont.)
- Category Change
The Company has been placed in 'Z' category from existing 'B' category with effect from today i.e., February 18, 2024 as per provision 1(d) of BSEC Order No. SEC/CMRRCD/2009-193/74(R) dated February 15, 2024.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Union Capital Limited with effect from today i.e., February 18, 2024 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- Clarification on recent news published in a newspaper
(Continuation news of UNIONCAP): This is to inform further here that we are in a very initial stage and Bangladesh Bank's approval is a primary and soft consent to consider the feasibility of the merger process that is subject to the approval of the respective Board of Directors as well as the Shareholders of both Union Capital Limited and Prime Bank PLC and also subject to the approval of all the concerned regulatory authorities." (end)
The first part of this announcement is missing from the archive. - Query Response
In response to the DSE query dated January 10, 2024, 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.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.