Western Marine Shipyard Limited announcements
209 Dhaka Stock Exchange announcements for Western Marine Shipyard Limited (WMSHIPYARD) since 2014: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2021 (17).
- Approval of 1% cash dividend instead of No Dividend
The Company has informed that the Board of Directors and Shareholders of the Company has approved 1% cash dividend instead of earlier declared No Dividend for the year ended on June 30, 2021 in their 21st AGM which was held on December 23, 2021.
- Resumption after record date
Trading of the shares of the Company will resume on 05.12.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 02.12.2021.
- Spot News
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle from 30.11.2021 to 01.12.2021. Trading of the shares of the Company will remain suspended on record date i.e., 02.12.2021.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (11.11.2021) following its corporate declaration.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended on June 30, 2021. Date of AGM: 23.12.2021, Time: 4:00 PM. Venue: Digital Platform. Record Date: 02.12.2021. The Company has also reported EPS of Tk. (0.04), NAV per share of Tk. 23.40 and NOCFPS of Tk. 0.34 for the year ended on June 30, 2021 as against Tk. 0.86, Tk. 24.06 and Tk. 0.52 respectively for the same period of the previous year.
- 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 November 10, 2021 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.03) for January-March 2021 as against Tk. 0.14 for January-March 2020; EPS was Tk. (0.16) for July 2020-March 2021 as against Tk. 1.08 for July 2019-March 2020. NOCFPS was Tk. 0.51 for July 2020-March 2021 as against Tk. 0.36 for July 2019-March 2020. NAV per share was Tk. 23.28 as on March 31, 2021 and Tk. 24.06 as on June 30, 2020.
- 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 06, 2021 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.02) for October-December 2020 as against Tk. 0.49 for October-December 2019; EPS was Tk. (0.12) for July-December 2020 as against Tk. 0.95 for July-December 2019. NOCFPS was Tk. 0.62 for July-December 2020 as against Tk. 0.63 for July-December 2019. NAV per share was Tk. 23.32 as on December 31, 2020 and Tk. 24.06 as on June 30, 2020.
- 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 03, 2021 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.03 for July-September 2020 as against Tk. 0.53 for July-September 2019; NOCFPS was Tk. 0.20 for July-September 2020 as against Tk. 0.22 for July-September 2019. NAV per share was Tk. 24.09 as on September 30, 2020 and Tk. 24.06 as on June 30, 2020.
- The auditor of the Western Marine Shipyard Limited has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs i
The auditor of the Western Marine Shipyard Limited has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2020. Basis for Qualified Opinion: As disclosed in the note no. # 6, in the financial statements, Inventories balance has been shown as Tk. 4,947,976,805 resulting from valuation of Inventories at the yearend as certified by the management. Due to inherent limitation involved in performing such valuation (cont.1)
- (Continuation news of WMSHIPYARD): to determine market value of inventories held at the reporting date, management used
(Continuation news of WMSHIPYARD): to determine market value of inventories held at the reporting date, management used average cost instead of cost and net realizable to value these inventories. Emphasis of matter: Without qualifying our opinion, we draw attention on the matter disclosed: As disclosed in the note no. #5, in the financial statements, trade and other receivable balance has been shown as Tk. 1,918,054,232 as confirmed by the management. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of WMSHIPYARD): The Company stated that the amount of trade and other receivables is considered good
(Continuation news of WMSHIPYARD): The Company stated that the amount of trade and other receivables is considered good and will be fully realizable. However, some portion of these receivables is outstanding for long time and recoverability of which is uncertain. (end)
The first part of this announcement is missing from the archive. - Regarding Dividend Compliance Report
The Company did not send Dividend Compliance Report as per Regulation-29 of the DSE (Listing) Regulations, 2015 in connection with disbursement of the declared dividend. However, DSE has issued query letter to the company for sending the dividend compliance report accordingly.
- Credit Rating Information and Services Limited (CRISL) has assigned the rating of the Company as "BBB-" in the long term
Credit Rating Information and Services Limited (CRISL) has assigned the rating of the Company as "BBB-" in the long term and "ST-4" in the short term along with a Stable outlook based on audited financial statements up to June 30, 2020 and other relevant quantitative as well as qualitative information up to the date of rating.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.