BullBD Old Apps Site
Home
Favorites
Recently viewed Details Chart Today news Share news Top gainer Top Looser Upcoming events
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0 1 2 3 4 5 6 7 8 9 All
Bank Cement Ceramics Sector Corporate Bond Engineering Financial Institutions Food & Allied Fuel & Power IT Sector Insurance Jute Life Insurance Miscellaneous Mutual Funds Paper & Printing Pharmaceuticals & Chemicals Services & Real Estate Tannery Industries Telecommunication Textile Travel & Leisure All
  • Details
  • Chart
  • News

FAREASTFIN

All Eps Dividend Board Agm Q1 Q2 Q3

FAREASTFIN 13-Oct-2020

The Company has informed that Bangladesh Bank has given approval to shift its Head Office and Principal Branch from Bhuiya Center (4th and 5th floor), 68 Dilkusha Commercial Area, Dhaka-1000 to its own commercial space at Simpletree Lighthouse (10th floor), Plot - 53, Road # 21, Block - B, Kemal Ataturk Avenue, Banani, Dhaka - 1213.

FAREASTFIN 07-Oct-2020

Trading of the shares of the Company will resume on 08.10.2020 after record date.

FAREASTFIN 06-Oct-2020

Trading of the shares of the Company will remain suspended on record date i.e., 07.10.2020.

FAREASTFIN 01-Oct-2020

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 with cum benefit from 04.10.2020 to 06.10.2020. Trading of the shares of the Company will remain suspended on record date i.e., 07.10.2020.

FAREASTFIN 23-Sep-2020

(Continuation news of FAREASTFIN): contemplates the realization of assets and the settlement of liabilities in the normal course of business. The current credit facilities and resources of the company provides sufficient fund to meet the present requirements of its existing business operation. (end)

FAREASTFIN 23-Sep-2020

(Continuation news of FAREASTFIN): collecting the loans and leases amount from the customers. Accordingly, the accompanying Company's financial statements have been prepared assuming that the Company will continue as a going concern which (cont. 9)

FAREASTFIN 23-Sep-2020

(Continuation news of FAREASTFIN): Tk. 1,532,764,232 (Tk. 4,019,249,424 - Tk. 2,486,485,192) and the Company's Shareholders equity has decreased from Tk. 1,184,855,468 to Tk. 466,857,876 from the year 2018 to 2019 respectively. Fareast Finance and Investment Limited management believes that the Company will be able to recover from losses in the next succeeding years. The company has extended its current credit facilities and trying to increase its income and (cont. 8)

FAREASTFIN 23-Sep-2020

(Continuation news of FAREASTFIN): has sustained an accumulated loss of Tk. 1,522,224,822 on December 31, 2019 which includes net loss after Tax Tk. 717,997,592 for the year ended December 31, 2019. The Net asset value per share (NAV) has been reduced from Tk. 7.22 to Tk. 2.85 and net operating cash flows per share (NOCFPS) has also been reduced from Tk. 3.47 to Tk. (1.19) from the year 2018 to 2019. The company's net liability exceeds its assets within one year (cont. 7)

FAREASTFIN 23-Sep-2020

(Continuation news of FAREASTFIN): for loans, advances and leases, other assets and balance with other banks and financial institutions as per the letter # DFIM(C) 1054/09/2020-1420 dated 25 August 2020. Balance of shortfall of provision as on 31 December 2019 was BDT 756,534,714. Note - 2.40 Going Concern: The financial statements are prepared on the assumption that the entity is a going concern-and will continue its operations for the foreseeable future. The company (cont. 6)

FAREASTFIN 23-Sep-2020

(Continuation news of FAREASTFIN): cast doubt and may arise additional expected credit losses of the company. Note - 8.9.1 Shortfall of provision for loans, advances and leases, other assets and balance with other banks and financial institutions: According to the company's request, Bangladesh Bank has given 5 (five) years time i.e. 2019, 2020, 2021, 2022 and 2023 for maintaining equally the required provision/provision shortfall of Tk. 94.57 crore as on 31 December 2019 (cont. 5)

Previous Next page