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FASFIN

All Eps Dividend Board Agm Q1 Q2 Q3

FASFIN 14-Nov-2021

(Continuation news of FASFIN): Consequently, the asset and profit for the year are overstated. 4. At the year end, the current account balance with subsidiary company (FAS Capital Management Ltd.) does not agree due to unrecognized liability of TK. 35 lakh by the company. 5. According to Financial Institution Regulations 1994 and FID Circular No. 06 dated 06 November, 2003 and DFIM Circular No. 03 dated 21 June 2020, the company should maintain Cash Reserve ratio at the rate of 1.5% on (cont.5)

FASFIN 14-Nov-2021

(Continuation news of FASFIN): No disposal yet taken place since then due to not receiving of minimum offer price as mentioned in the financial statements. The IFRS 05 Non-current Assets Held for Sale and Discontinued Operations requires to sold out the noncurrent asset within one year form the date of classification as "Non-current asset held for sales". Moreover, the poor price of that is sign of impairment as per IAS 36 Impairment of Assets. But no such impairment test was taken place. (cont.4)

FASFIN 14-Nov-2021

(Continuation news of FASFIN): 2. As a result of over crediting interest income on loan advance and lease the Retained earnings/Net asset value of the company overstated by TK. 110.325 crore. If this correction is made in the Financial Statements, then net asset per share would further be reduced by TK. 7.37. 3. The Financial statements exhibit of TK. 44,665,893 as "Non-current asset held for sales" which was classified as non-current asset held for sale in the year 2010 (Ten year ago). (cont.3)

FASFIN 14-Nov-2021

(Continuation news of FASFIN): One which, TK. 164 crore has been accounted for as loan provision. So, shortfall of loan loss provision for classified loan of company is TK. 734 crore. If whole required provision is charged to the profit or loss statement, then loss for the year would be TK. (937) crore. And EPS (negative) would be Tk. 63 consequently, NAV per share at the year ended will also be reduced to Tk. 60.61. (cont.2)

FASFIN 14-Nov-2021

The auditor of the FAS Finance & Investment Limited has given the "Qualified Opinion" & "Emphasis of matters" paragraphs in the Auditor's Report for the year ended on 31 December, 2020. Basis for Qualified Opinion: 1. At the year ended, the company's non-performing (classified) loan stood of TK. 1,703 crore which is 88 % of loan advance and lease investment. As a result, the required loan provision of loan advance and lease at the year was TK. 898 crore. (cont.1)

FASFIN 14-Nov-2021

Trading of the shares of the Company will resume on 15.11.2021 after record date.

FASFIN 11-Nov-2021

Trading of the shares of the Company will remain suspended on record date i.e., 14.11.2021.

FASFIN 09-Nov-2021

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 10.11.2021 to 11.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 14.11.2021.

FASFIN 07-Nov-2021

(Q2 Un-audited): Consolidated EPS was Tk. (2.44) for April-June 2021 as against Tk. (2.62) for April-June 2020; Consolidated EPS was Tk. (4.75) for January-June 2021 as against Tk. (5.88) for January-June 2020. Consolidated NOCFPS was Tk. 1.28 for January-June 2021 as against Tk. (0.08) for January-June 2020. Consolidated NAV per share was Tk. (18.15) as on June 30, 2021 and Tk. (13.40) as on Dec. 31, 2020. NAV has been decreased as compared to the last year mainly due to increase of non-performing loan.

FASFIN 07-Nov-2021

(Q1 Un-audited): Consolidated EPS was Tk. (2.31) for January-March 2021 as against Tk. (3.26) for January-March 2020. Consolidated NOCFPS was Tk. 0.58 for January-March 2021 as against Tk. (0.32) for January-March 2020. Consolidated NAV per share was Tk. (15.70) as on March 31, 2021 and Tk. (13.40) as on December 31, 2020.

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