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KPCL

All Eps Dividend Board Agm Q1 Q2 Q3

KPCL 05-Nov-2014

The Company has informed that the Board of Directors has decided the following: (i) subject to compliance with prescribed procedure under the Companies Act, 1994 amalgamation of the subsidiary companies of the Company namely Khulna Power Company Unit II Ltd. and Khanjahan Ali Power Company Ltd. (the "Transferor Companies"), with the Company, has been approved. This amalgamation of the Transferor Companies with the Company will boost the Company to grow its business and better utilize its assets and thereby maximizing profits and (ii) To approve the above matters by the Hon'ble High Court Division, an application will be filed in due course under section 228 and 229 of the Companies Act, 1994 and an EGM of shareholders will be held under the supervision of the Hon'ble Court.

KPCL 02-Nov-2014

(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2014 (July'14 to Sep'14), the Company has reported consolidated net profit after tax (excluding non-controlling interests) of Tk. 563.83 million with consolidated EPS of Tk. 1.56 as against Tk. 445.46 million and Tk. 1.23 respectively for the same period of the previous year. Whereas consolidated net profit after tax (excluding non-controlling interests) was Tk. 1,722.63 million with consolidated EPS of Tk. 4.77 for the period of nine months (Jan'14 to Sep'14) ended on 30.09.2014 as against Tk. 1,519.59 million and Tk. 4.21 respectively for the same period of the previous year.

KPCL 26-Jun-2014

The Company has informed that it has credited the bonus shares for the year ended on December 31, 2013 to the respective shareholders' BO Accounts on June 23, 2014. The Company has also informed that the cash dividend including the payment of sale proceeds of fractional shares will be disbursed to the respective bank account of the shareholders and whose bank accounts are not found, dividend warrants will be issued and dispatched to the registered address of the shareholders through courier within stipulated time.

KPCL 18-May-2014

(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2014 (Jan'14 to March'14), the Company has reported consolidated net profit after tax (excluding non-controlling interest) of Tk. 690.88 million with consolidated basic EPS of Tk. 2.01 as against Tk. 583.72 million and Tk. 1.70 respectively for the same period of the previous year. However, considering proposed bonus share @ 5% for the year 2013, consolidated restated basic EPS will be Tk. 1.91 as on 31.03.2014 and Tk. 1.62 as on 31.03.2013.

KPCL 15-May-2014

(continuation of news of KPCL): The directors consider that this should enable Khanjahan Ali Power Company Limited to continue in operational existence for the foreseeable future. Note 7.3 states that Included in consolidation accounts receivable of Khulna Power Company Unit II Limited Tk. 206,918,350 as deduction for liquidated damage for the year 2011. These amounts under references have been deducted by BPDB from the monthly invoices of this company. The company is in discussion with BPDB to realize the same and strongly feels that these amounts are recoverable.(end)

KPCL 15-May-2014

(continuation of news of KPCL): Had BAS 21 been followed, the profit for the year would have increased by Tk. 84,420,821. Emphasis of Matters Without further qualifying our opinion, we draw attention to the following as matters of emphasis: (i) We draw attention to Note 2.7 to the financial statements where management explains how they will continue in operational existence for the foreseeable future of Khanjahan Ali Power Company Limited in spite of having net current liabilities as at the balance sheet date. (ii) We draw attention to note 7.3 to the financial statements where management explains in Khulna Power Company Unit II why BPDB's deductions of Tk. 206,918,350 due to liquidated damages have not been provided for in these statements. (cont.-2)

KPCL 15-May-2014

(Qualified Opinion): The auditor of the company has given the following qualified opinion paragraph in the audit report of the company for the year ended on 31 December 2013: Basis of qualified opinion: Khulna Power Company Unit II has adjusted all exchange differences shown in Note 2.1 arising on outstanding foreign currency loans against the property, plant and equipment for which such foreign currency borrowing took place in accordance with Schedule XI of the Companies Act 1994. This treatment is not in accordance with BAS 21: The Effects of Changes in Foreign Exchange Rates, which requires all exchange differences arising from foreign exchange transactions to be recognised in the statement of comprehensive income. (cont.-1)

KPCL 14-May-2014

Normal trading of the shares of the Company will resume on 15.05.2014 after record date.

KPCL 12-May-2014

Trading of the shares of the Company will remain suspended on record date i.e., 14.05.2014.

KPCL 08-May-2014

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 11.05.2014 to 12.05.2014. Trading of the shares of the Company will remain suspended on record date i.e., 14.05.2014.

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