United Power Generation & Distribution Company Ltd. announcements
221 Dhaka Stock Exchange announcements for United Power Generation & Distribution Company Ltd. (UPGDCL) since 2015: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (20).
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has affirmed surveillance rating of the Company as "AAA" in the long term and "ST-1" in the short term along with a Stable outlook based on audited financial statements up to June 30, 2024 and other relevant quantitative as well as qualitative information up to the date of rating.
- Emphasis of Matter
The auditor of the company has given the "Emphasis of Matter" paragraphs in the Auditor's Report of the company for the year ended June 30, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/November/UPGDCL_2024.pdf
- Resumption after Record Date
Trading of the shares of the company will resume on 19.11.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 18.11.2024.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 7.13 for July-September 2024 as against Tk. 3.12 for July-September 2023; Consolidated NOCFPS was Tk. 1.85 July-September 2024 as against Tk. 5.19 for July-September 2023. Consolidated NAV per share was Tk. 66.36 as on September 30, 2024 and Tk. 59.23 as on June 30, 2024. Reasons for deviation: During the period, a rise in bulk tariffs for electricity and stable foreign exchange rates, compared to the same period of last year, (cont.) (Cont. news of UPGDCL): contributed to an increase in consolidated EPS. During this period, the company generated a consolidated revenue of BDT 11,475 million, with total collections of BDT 5,928 million. To maintain continuous plant operations, the company disbursed BDT 4,508 million to suppliers. Additionally, increased interest rates and slower receivable collection from the Bangladesh Power Development Board (BPDB) against sales led to higher cash outflows causing a decline in consolidated NOCFPS. (end
- 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 with cum benefit from 14.11.2024 to 17.11.2024 and trading of the shares of the company will remain suspended on record date i.e., 18.11.2024.
- 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 November 13, 2024 at 4:15 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- Dividend declaration of a subsidiary
The company has informed that the Board of Directors of United Ashuganj Energy Ltd. (UAEL), which is a 92.407% owned subsidiary of United Power Generation & Distribution Company Ltd. (UPGDCL) has declared Cash Dividend @35% or Tk. 3.50 per share, involving BDT 129,51,43,153.50 based on the audited Financial Statements for the year ended June 30, 2024.
- Update of Information
The company has requested the shareholders to update the details (Shareholders Name, Routing Number to get Dividend through BEFTN system, BO ID Number, 12 digits e-TIN number) along with other information including contact address before the Record Date. The company also requested the Brokerages/DPs/TREC Holders to take note of the following: Provide the details information of Margin Loan Holders who are eligible to receive Cash Dividend for the year ended 30th June 2024 (cont.) (Cont. news of UPGDCL): after the Record Date with the details (Shareholders Name, BO ID Number, client wise Shareholding Position, Gross Dividend Receivable, applicable tax rate and net Dividend Receivable) soft copy email to [email protected] or [email protected] before 18th December 2024. The hard copy shall be dispatched to the following address before 18th December 2024 at "United House", Madani Avenue, United City, Dhaka-1212. (end)
- Dividend Declaration
The Board of Directors has recommended 60% cash dividend for the year ended June 30, 2024. Date of AGM: 19.12.2024, Time: 11:00 AM. Venue: Digital Platform. Record Date: 18.11.2024. The Company has also reported Consolidated EPS of Tk. 14.01, Consolidated NAV per share of Tk. 59.23 and Consolidated NOCFPS of Tk. (0.88) for the year ended June 30, 2024 as against Tk. 13.83, Tk. 53.22 and Tk. 19.40 respectively for the year ended June 30, 2023.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (29.10.2024) following its corporate declaration.
- 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 28, 2024 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- Appointment of Company Secretary
The company has informed that the Board of Directors has approved the appointment of Mr. Elias Howlader, ACS as Company Secretary of the company with effect from July 15, 2024.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 5.39 for January-March 2024 as against Tk. 4.28 for January-March 2023; Consolidated EPS was Tk. 13.22 for July 2023-March 2024 as against Tk. 14.13 for July 2022-March 2023. Consolidated NOCFPS was Tk. 7.65 for July 2023-March 2024 as against Tk. 13.07 for July 2022-March 2023. Consolidated NAV per share was Tk. 58.45 as on March 31, 2024 and Tk. 53.22 as on June 30, 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 April 30, 2024 at 04:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- (Q2 Un-audited): Consolidated EPS was Tk. 4.71 for October-December 2023 as against Tk. 4.84 for October-December 2022;
(Q2 Un-audited): Consolidated EPS was Tk. 4.71 for October-December 2023 as against Tk. 4.84 for October-December 2022; Consolidated EPS was Tk. 7.84 for July-December 2023 as against Tk. 9.85 for July-December 2022. Consolidated NOCFPS was Tk. 2.74 for July-December 2023 as against Tk. 9.59 for July-December 2022. Consolidated NAV per share was Tk. 53.06 as on December 31, 2023 and Tk. 53.22 as on June 30, 2023. Reasons for deviation in EPS and NOCFPS: (cont.1)
- (Continuation news of UPGDCL): Consolidated EPS decreased mainly due to incurring a significant amount of exchange loss
(Continuation news of UPGDCL): Consolidated EPS decreased mainly due to incurring a significant amount of exchange loss in foreign currency transactions. At the same time, borrowing cost has increased on the back of high inflation compared to the same period of the last year. During this period, the company recorded a consolidated revenue of BDT 18,774 million, with a collection of BDT 13,745 million. (cont.2)
The first part of this announcement is missing from the archive. - Q2 Financials
(Continuation news of UPGDCL): To support continuous plant operations, the company disbursed BDT 11,131 million specifically to suppliers. Moreover, finance expenses contributed to a greater cash outflow. As a result, Consolidated NOCFPS decreased significantly. (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 January 30, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.