Zaheen Spinning PLC. announcements
199 Dhaka Stock Exchange announcements for Zaheen Spinning PLC. (ZAHEENSPIN) since 2015: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2015 (23).
- Q3
EPS was Tk. 0.62 for July-September, 2015 as against Tk. 0.15 for July-September, 2014; EPS was Tk. 1.58 for January-September, 2015 as against Tk. 0.86 for January-September, 2014. NOCFPS was Tk. (0.11) for January-September, 2015 as against Tk. (0.16) for January-September, 2014. NAV per share was Tk. 12.40 as of September 30, 2015 and Tk. 12.98 as of December 31, 2014.
- Board Meeting
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 29, 2015 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2015.
- Declaration of sale by Sponsors/Directors
Mahmudur Rahman, A.M. Badruzzaman Khashroo, Farida Khanam, Nusrat Jahan, Sadia Amneen, all are Sponsors/Directors of the Company, have expressed their intention to sell 10,80,000 shares, 17,52,000 shares, 7,38,000 shares, 3,72,375 shares, 3,72,375 shares out of their total holding of 82,80,000 shares, 1,34,32,000 shares, 56,58,000 shares, 28,54,875 shares and 28,54,875 shares (Bonus shares) respectively at prevailing market price (in the Block Market) through Stock Exchange within October 29, 2015.
- Investment in the Subsidiary Company
The Company has informed that the Board of Directors of the Company has decided to make 51% investment in the shares for establishment of a subsidiary company namely Zaheen Polymer Ltd. with an authorized share capital of Tk. 10.00 million divided into 1,000,000 ordinary shares of Tk. 10.00 each. The tentative project cost, annual turnover, NPAT is Tk. 200.00 million, Tk. 270.00 million and Tk. 82.30 million respectively. As a result net profit after tax of Zaheen Spinning Ltd. will go up by Tk. 42.00 million and the tentative time of commencement of production is June, 2016.
- Query Response
In response to a DSE query dated August 10, 2015, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Category Change
The Company will be placed in 'A' category from existing 'N' category with effect from August 03, 2015 as the Company has reported disbursement of 15% stock dividend for the year ended on December 31, 2014.
- Q2 Financials
EPS for April-June, 2015 was Tk. 0.58 as against Tk. 0.42 for April-June, 2014, EPS for Jan-June, 2015 was Tk. 0.96 as against Tk. 0.71 for Jan-June, 2014. NOCFPS was Tk. 0.70 for Jan-June, 2015 as against Tk. 1.13 for Jan-June, 2014. NAV per share was Tk. 13.55 as of June 30, 2015 and Tk. 12.98 as of December 31, 2014.
- Query Response
In response to a DSE query dated July 29, 2015, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on December 31, 2014 to the respective shareholders' BO Accounts
- Query Response
In response to a CSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the rating of the Company (surveillance) as "BBB2" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the Company up to 31 December 2014, bank liability position as on April 26, 2015 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- L/C opening
The Company has informed that as per decision of the Board of Directors they have already opened three L/Cs on June 17, 2015 to import a set of Capital Machineries valuing Tk. 158.50 million (approx) for installing 15,480 spindles. After successful installation of Machineries, the CompanyÂs production capacity will increase 4,240 Kg (approx) yarn per day and their expected net profit after tax will go up by Tk. 40.00 million (55.55% expected).
- Time and Venue of 8th AGM
The Company has further informed that the 8th AGM of the Company will be held on June 23, 2015 at 10:00 AM at the Sughandha Community Centre, Plot 75/A, Road 5/A, Sat Masjid Road, Dhanmondi, Dhaka-1209. Other information of the AGM will remain same.
- Resumption News after Record Date
Normal trading of the shares of the Company will resume on 24.05.2015 after record date.
- Revised PSI on Audited Financial Statements
With reference to their earlier news (disseminated by DSE on 04.05.2015) regarding their dividend declaration and information on audited financial statements, the company has further informed that, they have mistakenly stated Consolidated Net Profit after Tax as Tk. 88.55 million. As per their revised price Sensitive disclosure, their actual Consolidated Net Profit after Tax will be Tk. 72.00 million.
- Suspension News for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 21.05.2015.
- Spot News for AGM
Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 19.05.2015 to 20.05.2015. Trading of the shares of the Company will remain suspended on record date i.e., 21.05.2015.
- Q1 Financials
(Q1 Un-audited): Net Profit after tax from Jan15 to March15 was Tk. 28.36 million with basic EPS of Tk. 0.44 as against Tk. 21.54 million and Tk. 0.41 respectively for the same period of the previous year. However, considering proposed bonus share 15% for the year 2014, restated basic EPS will be Tk. 0.38 as on 31.03.2015 and Tk. 0.35 as on 31.03.2014.
- Dividend Declaration
The Board of Directors has recommended 15% stock dividend for the year ended on December 31, 2014. Date of AGM: 23.06.2015, Time and Venue will be notified later on. Record Date: 21.05.2015. The Company has also reported consolidated Net Profit after tax of Tk. 88.55 million, consolidated EPS of Tk. 1.36, consolidated NAV per share of Tk. 12.98 and consolidated NOCFPS of Tk. (0.74) for the year ended on December 31, 2014.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (04.05.2015) following its corporate declaration.
- Board Meeting schedule under LR 30
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on April 30, 2015 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.
- Trading of New Security
Trading of the shares of Zaheen Spinning Limited will commence at DSE today (March 25, 2015) under N category. DSE Trading Code for Zaheen Spinning Limited is ZAHEENSPIN and DSE Company Code is 17467.
- Q3 Financials
The Company has reported its profit after tax Tk. 11.29 million and basic EPS Tk. 0.21 for the 3 (three) months ended on 30 September 2014 (Jul 2014Sep 2014) as against profit after tax of Tk. 1.63 million and basic EPS of Tk. 0.03 for the same period of the previous year. It is to be noted that basic EPS has been calculated based on weighted average Pre-IPO paid-up number of shares i.e. 52,800,000 shares for both periods. However, considering Post-IPO 64,800,000 number of shares the Companys basic EPS for the 3 (three) months ended on 30 September 2014 would be Tk. 0.17. For the period of 9 (nine) months (Jan 2014 to Sep 2014) ended on 30 September 2014 profit after tax was Tk. 64.40 million and basic EPS was Tk. 1.22 as against profit after tax of Tk. 6.84 million and basic EPS of Tk. 0.13 for the same period of the previous year. It is to be noted that the said EPS has been calculated based on weighted average Pre-IPO paid-up number of shares i.e. 52,800,000 shares for both periods. However, considering Post-IPO 64,800,000 number of shares, Companys basic EPS would be Tk. 0.99 for 9 (nine) months ended on 30 September 2014 (Jan 2014 to Sep 2014) and NAV per share would be Tk. 12.30 as on 30 September 2014.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.