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LIBRAINFU

All Eps Dividend Board Agm Q1 Q2 Q3

LIBRAINFU 26-Feb-2018

In response to a DSE query dated February 25, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.

LIBRAINFU 19-Feb-2018

(Continuation news of LIBRAINFU): 4. Depreciation on non-current assets of Unit -2 value of which is Tk. 1,166,506,006 was not charged as per BAS 16 since inception of the Unit -2. 5. Deferred tax calculation has not been produced to us and as a result, we are unable to verify the same. (End).

LIBRAINFU 19-Feb-2018

(Continuation news of LIBRAINFU): Frequency of revaluation was not maintained as per Paragraph 34 of BAS 16. In this connection we refer note no. 32 to the financial statements. As per Companies Act 1994, Schedule XI, Part-I, Clause 01 & 03 and BAS 16 Paragraph 77(e), the revalued amount of fixed assets should be presented separately from cost value but the company is not maintaining the above provision for presentation of financial statements. (Cont. 5)

LIBRAINFU 19-Feb-2018

(Continuation news of LIBRAINFU): However, an explanation has been given by the management in note no. 28 of the financial statements which is self-contradictory. 3. The Company uses revolution model for presentation of Property, Plant and Equipment of Tk. 2,816,141,077 but last revaluation was conducted in the year 2010 and present fair market value of the same assets may differ materially from the values shown in the financial statements. (Cont. 4)

LIBRAINFU 19-Feb-2018

(Continuation news of LIBRAINFU): Short term investment Tk. 248,255,135 as against Tk. 1,051,750,839 confirmed by the bank. The Books of record, Bank statements and Bank reconciliation statements could not produce to us against the said amount. As a result, we were unable to verify the same. Moreover, though the company has profit but the company neither share profit nor paid any advance to Al-Arafah Islami Bank Limited since 2015-2016 against the same outstanding, (Cont. 3)

LIBRAINFU 19-Feb-2018

(Continuation news of LIBRAINFU): Moreover, management informed us that the company is pursuing through a legal process for the said claim. As per BAS 37 Paragraph 33 such claim should be disclosed as contingent item but not as an asset until the claim is established. 2. The company owes Tk. 831,224,856 to Al-Arafah Islami Bank Limited consists of Long term investment Tk. 305,808,090, Term-investment Tk. 277,161,631 and (Cont. 2)

LIBRAINFU 19-Feb-2018

(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 30 June 2017: Basis for Qualified Opinion: 1. The Company claim an amount of Tk. 1,572,058,661 as other receivable (Note no: 07) with a contra effect in creditors and other payables (Note no-21) against Al-Arafah Islami Bank Limited, based on hypothetical loss presumed by the management and as such we do not give our opinion on the same. (Cont. 1)

LIBRAINFU 06-Feb-2018

(Q2 Un-audited): EPS was Tk. 4.90 for October-December, 2017 as against Tk. 4.74 for October-December, 2016; EPS was Tk. 0.04 for July-December, 2017 as against Tk. 0.78 for July-December, 2016. NOCFPS was Tk. 12.78 for July-December, 2017 as against Tk. 2.28 for July-December, 2016. NAV per share was Tk. 1,578.00 as on December 31, 2017 and Tk. 1,576.37 as on December 31, 2016.

LIBRAINFU 04-Feb-2018

The Company has further informed that meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on February 05, 2018 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.

LIBRAINFU 29-Jan-2018

The Company has further informed that due to unavoidable circumstances, the meeting scheduled to be held on January 29, 2018 as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017, has been postponed.

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