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FASFIN

All Eps Dividend Board Agm Q1 Q2 Q3

FASFIN 15-Dec-2020

(Q3 Un-audited): Consolidated EPS was Tk. (2.66) for July-September 2020 as against Tk. 0.01 for July-September 2019; Consolidated EPS was Tk. (8.54) for January-September 2020 as against Tk. 0.15 for January-September 2019. Consolidated NOCFPS was Tk. (0.02) for January-September 2020 as against Tk. (9.48) for January-September 2019. (Cont.)

FASFIN 15-Dec-2020

(Continuing of FASFIN): Consolidated NAV per share was Tk. (3.95) as on June 30, 2020 and Tk. 1.93 as on December 31, 2019. EPS and NAV have been decreased as compared to the last year mainly due to increase of non-performing loan. (end)

FASFIN 15-Dec-2020

(Q2 Un-audited): Consolidated EPS was Tk. (2.62) for April-June 2020 as against Tk. 0.02 for April-June 2019; Consolidated EPS was Tk. (5.88) for January-June 2020 as against Tk. 0.14 for January-June 2019. Consolidated NOCFPS was Tk. (0.08) for January-June 2020 as against Tk. (6.64) for January-June 2019. (cont.)

FASFIN 15-Dec-2020

(Q1 Un-audited): Consolidated EPS was Tk. (3.26) for January-March 2020 as against Tk. 0.12 for January-March 2019. Consolidated NOCFPS was Tk. (0.32) for January-March 2020 as against Tk. (4.40) for January-March 2019. Consolidated NAV per share was Tk. (1.33) as on March 31, 2020 and Tk. 1.93 as on December 31, 2019. EPS and NAV have been decreased as compared to the last year mainly due to increase of non-performing loan.

FASFIN 10-Dec-2020

Trading of the shares of the Company will resume on 13.12.2020 after record date.

FASFIN 09-Dec-2020

(Continuation news of FASFIN): We draw your attention to the policy note no. 1(f) where it has been disclosed by company that they record their investment in shares at cost and provision is made for the diminishing in value of investment which is a common local practice in Bangladesh for all banks and merchant bank. Although IFRS 9: Financial Instrument requires the investment to be presented at market value after adjusting provision for diminution losses.(end)

FASFIN 09-Dec-2020

(Continuation news of FASFIN): as receipt in the statement of cash flows. On the other hand, interest paid shown in statement of cash flows is overstated by Tk. 8.8 (eight point eight) Crore as this interest is just accrued and charged in Books of accounts and no impact was in the company's cash flows. The corresponding error may be in Borrowing from other bank & financial institution and provision for expenses in Statement of cash flows. Emphasis of Matter (cont.14)

FASFIN 09-Dec-2020

(Continuation news of FASFIN): Tk. (141,788,089) and Tk. (5.67) respectively instated of current disclosed net of Tk. (44, 923,414) and EPS of Tk. (1.80) respectively. 10. The interest on margin loan and other income (e.g. interest on FDR, portfolio management fee) of Tk. 9.66 (nine point six six) Crore and Tk. 5.38 (five point three eight) Crore respectively was just charged and accrued to the margin loan account and receivable of FDR interest, which has been shown (cont.13)

FASFIN 09-Dec-2020

(Continuation news of FASFIN): Tk. 0.25 (point two five) Crore as "Interest on Margin Loan" and ?Portfolio Management fee" respectively. The recoverability of margin loan with negative equity and interest charged thereon is very poor. So, charging the interest and portfolio management fee on Margin loan with negative equity of Tk. 9.91 Crore is overstated the income of the company for the year. If such income does not consider then loss for the year and EPS would be (cont.12)

FASFIN 09-Dec-2020

(Continuation news of FASFIN): However, the Bangladesh Securities and Exchange Commission directive no. BSEC/CMRRCD/2009-193/196 is required to make provision five equal quarterly instalment starting from December 31, 2019. So, the company is required to maintain provision of Tk. 29.51 (twenty percent or one instalment out of five). 9. During the year, the company had charged to negative equity holder of Tk. 9.66 (nine point six six) Crore and (cont.11)

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