Wata Chemicals Limited announcements
195 Dhaka Stock Exchange announcements for Wata Chemicals Limited (WATACHEM) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (29).
- Resumption after record date
Trading of the shares of the Company will resume on 23.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2022.
- 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 with cum benefit from 20.11.2022 to 21.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 22.11.2022.
- (Q1 Un-audited): EPS was Tk. 0.29 for July-September 2022 as against Tk. 1.01 for July-September 2021; NOCFPS was Tk. 4.
(Q1 Un-audited): EPS was Tk. 0.29 for July-September 2022 as against Tk. 1.01 for July-September 2021; NOCFPS was Tk. 4.17 for July-September 2022 as against Tk. 5.36 for July-September 2021. NAV per share was Tk. 61.45 as on September 30, 2022 and Tk. 61.18 as on June 30, 2022. Reasons for deviation in EPS and NOCFPS: EPS has been decreased as price of raw materials is much more higher (cont.)
- Q1 Financials
(Continuation news of WATACHEM): due to COVID-19 and Russia-Ucraine war resulting huge exchange loss though sales volume is increased. Net Operating Cash Flow Per Share (NOCFPS) decreased due to Payment for Raw Materials & Trade Creditors, Payment for Salaries & Wages & Others Expenses and Payment of VAT and Tax though Collection from Sales and Trade Debtors was increased. (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 November 14, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- The Company has requested the Members to update their respective BO accounts with e-TIN, Bank Account, mailing address,
The Company has requested the Members to update their respective BO accounts with e-TIN, Bank Account, mailing address, contact number through their respective Depository Participant (DP) before the \"Record Date\" i.e. 22.11.2022. Advance Income Tax (AIT) @15\% (Instead of 10\%) will be deducted from eligible cash dividend, if any one fails to update his respective BO Account with the e-TIN before the Record Date. The concern Brokerage Houses are requested (cont.)
- (Continuation news of WATACHEM): to provide a statement with the details (Shareholder name, BO ID number, client-wise sh
(Continuation news of WATACHEM): to provide a statement with the details (Shareholder name, BO ID number, client-wise shareholding position, gross dividend receivable, applicable tax rate and net dividend receivable) of their margin loan holders who hold company\'s shares as on the \"Record Date\", along with the name of the contact person in this connection, to the Corporate Office. The Brokerage Houses are also requested to provide with their Bank Account name & number etc. (end)
The first part of this announcement is missing from the archive. - The auditor of the Wata Chemicals Limited has given the \"Qualified Opinion & Emphasis of Matter\" paragraphs in the aud
The auditor of the Wata Chemicals Limited has given the \"Qualified Opinion & Emphasis of Matter\" paragraphs in the auditor\'s report for the year ended June 30, 2022. Qualified Opinion: 1. Reference to Note # 02 to the financial statements, no depreciation has been charged on LABSA plant and BCP plant of the company on the ground that these plants have not been in use since 2008. However, as per Para 55 of IAS 16, a company should not cease the depreciation when the assets become (cont. 1)
- (Continuation news of WATACHEM): idle or is retired from active use unless the assets are fully depreciated. As a result
(Continuation news of WATACHEM): idle or is retired from active use unless the assets are fully depreciated. As a result, depreciation for the current year has been undercharged by Taka 6,056,250. 2. Reference to Note # 12 to the financial statements, the Company has revalued its Property, Plant and Equipment in 2008 but the amount of surplus between depreciation based on the revalued carrying amount of the assets and depreciation based on the asset?s original cost was not transferred (cont. 2)
The first part of this announcement is missing from the archive. - (Continuation news of WATACHEM): from Revaluation Surplus to Retained Earnings for a total of 04 (Four) years from 2008-
(Continuation news of WATACHEM): from Revaluation Surplus to Retained Earnings for a total of 04 (Four) years from 2008-2011 as per Para 41 of IAS 16. Moreover, the Company has not maintained fixed assets register properly. 3.Reference to Note # 23 to the financial statements, provision for WPPF of Taka 44,117,864 has been provided by the company and the same is shown under the head of \"Workers Profit Participation Fund and Welfare Fund\" as current liabilities (cont. 3)
The first part of this announcement is missing from the archive. - (Continuation news of WATACHEM): in the financial statements as on 30 June 2021. However, the amount has not been distri
(Continuation news of WATACHEM): in the financial statements as on 30 June 2021. However, the amount has not been distributed yet with a proportion of 80:10:10 to the Participatory Fund, Welfare Fund and Workers\' Welfare Foundation Fund respectively as per the Labor Act 2006 as amended in 2013 although the company has executed Trust Deeds for the same. Moreover, the fund amount has been used by the company in its operation as internal source of financing without (cont. 4)
The first part of this announcement is missing from the archive. - (Continuation news of WATACHEM): providing any interest for such usage as per section 240 (3) of the said Act. Emphasis
(Continuation news of WATACHEM): providing any interest for such usage as per section 240 (3) of the said Act. Emphasis of Matters: Without modifying our opinion, we draw attention on the following matters: 1. Reference to Note # 1.14.00 of the financial statements, the company has translated its unsettled foreign currency liabilities (USD) at the exchange rate (BC Selling rate of Bangladesh Bank) of BDT 93.5/$1 on 30 June 2022 as per the requirements of IAS 21- The Effects of Changes (cont. 5)
The first part of this announcement is missing from the archive. - (Continuation news of WATACHEM): in Foreign Exchange Rate. Subsequently, up to 30 September 2022, foreign currency liabi
(Continuation news of WATACHEM): in Foreign Exchange Rate. Subsequently, up to 30 September 2022, foreign currency liabilities have been settled at the average rate of BDT 102.15/$1 as disclosed under Event after Reporting Period as per IAS 10 in note # 54.01 to the financial statements of the company. 2. Reference to Note # 51 to the financial statements, the company has disclosed the \"Contingent Liabilities\" of Taka 41,427,896 against the claim from Commissioner of Customs (cont. 6)
The first part of this announcement is missing from the archive. - (Continuation news of WATACHEM): Excise and VAT Directorate. The Company has filed an appeal to the Appellate Tribunal w
(Continuation news of WATACHEM): Excise and VAT Directorate. The Company has filed an appeal to the Appellate Tribunal which is still pending. 3. As per Section 99 of the Labor Act 2006 as amended in 2013, it is required that \"In the establishments wherein minimum of 100 permanent workers are employed, must introduce group insurance in the manner prescribed by rules\". (cont. 7)
The first part of this announcement is missing from the archive. - Qualified Opinion & Emphasis of Matter
(Continuation news of WATACHEM): However, the company has not introduced yet group insurance for permanent employees despite being employed more than 100 permanent employees. This indicates non-compliance of the provision of the section 99 of the Labor Act 2006 as amended in 2013. (end)
The first part of this announcement is missing from the archive. - The Board of Directors has recommended 20\% Cash Dividend for General Shareholders and 10\% Cash Dividend for Directors
The Board of Directors has recommended 20\% Cash Dividend for General Shareholders and 10\% Cash Dividend for Directors for the year ended June 30, 2022. Date of AGM: 29.12.2022. Time: 4.00 PM, Venue: Digital Platform, Record Date: 22.11.2022. The Company has also reported EPS of Tk. 4.05, NAV per share of Tk. 61.18 and NOCFPS of Tk. 5.83 for the year ended June 30, 2022 (cont.1)
- (Continuation news of WATACHEM): as against Tk. 6.14, Tk. 60.22 and Tk. 4.62 respectively for the same period of the pre
(Continuation news of WATACHEM): as against Tk. 6.14, Tk. 60.22 and Tk. 4.62 respectively for the same period of the previous year. Reasons for significant deviation in EPS and NOCFPS: EPS-Though Sales volume has been increased compared with the corresponding period of previous year, but price of raw materials is much more higher than corresponding period of previous year, due to post COVID-19 situation and for Russia-Ukraine war, devaluation of taka in comparison (cont.2)
The first part of this announcement is missing from the archive. - Dividend Declaration
(Continuation news of WATACHEM): with US dollar, resulting huge exchange loss which causes significant deviation in EPS. NOCFPS-Despite the Payment for Raw Materials & Trade Creditors, Payment for Salaries & Wages, other expenses and Payment of VAT & Tax were increased against the same period of the previous year, collections from Sales and Trade Debtors were increased for which NOCFPS has increased significantly. (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 (30.10.2022) 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.
- Emerging Credit Rating Limited (ECRL) has assigned surveillance credit rating of the Company as \"BBB+\" in the long ter
Emerging Credit Rating Limited (ECRL) has assigned surveillance credit rating of the Company as \"BBB+\" in the long term and \"ST-3\" in the short term along with a Stable outlook based on the audited financial statements of the company up to June 30, 2021; unaudited financial statements for 09 months of FY2022 and other relevant qualitative and quantitative information up to date of rating.
- 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 27, 2022 at 4:45 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- (Q3 Un-audited): EPS was Tk. 0.71 for January-March 2022 as against Tk. 0.68 for January-March 2021; EPS was Tk. 3.23 fo
(Q3 Un-audited): EPS was Tk. 0.71 for January-March 2022 as against Tk. 0.68 for January-March 2021; EPS was Tk. 3.23 for July 2021-March 2022 as against Tk. 4.79 for July 2020-March 2021. NOCFPS was Tk. 4.67 for July 2021-March 2022 as against Tk. 3.42 for July 2020-March 2021. NAV per share was Tk. 60.39 as on March 31, 2022 and Tk. 60.22 as on June 30, 2021. Reason for Deviation: EPS In the current global scenario, Company has also experiencing massive price increase in the purchase (Import) (cont. 1)
- (Continuation news of WATACHEM): of raw materials specially for \"Sulphar\". Although the crisis mostly started later du
(Continuation news of WATACHEM): of raw materials specially for \"Sulphar\". Although the crisis mostly started later due to Corona Virus situation, its increase day by day which is beyond control. As the raw material is a petroleum bye product, the war between Russia and Ukraine caused prices to raise further. Price of raw materials imported from Middle east and Russia are increased much more than the previous year due to shortage of container, freight of ship, (cont. 2)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation news of WATACHEM): increase of port charges of domestic and transshipment port, unavailability of regular liner vessel. Average price of main raw material sulphur has been increased by about 143% over the previous year. These increased Cost of Goods Sold. As a result, net income after deduction of tax decreased by Tk. 2,31,51,319.00, which causes the significant deviation in EPS. (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 May 7, 2022 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 1.51 for October-December 2021 as against Tk. 2.03 for October-December 2020; EPS was Tk. 2.52 for July-December 2021 as against Tk. 4.11 for July-December 2020. NOCFPS was Tk. 4.13 for July-December 2021 as against Tk. 6.90 for July-December 2020. NAV per share was Tk. 62.70 as on December 31, 2021 and Tk. 60.22 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 January 30, 2022 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.