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NFML

All Eps Dividend Board Agm Q1 Q2 Q3

NFML 14-Nov-2021

(Continuation news of NFML): any payment which is apparent as noncompliance of the said act. The company shall pay to the Participation fund, the welfare fund and fund established under section 14 of Bangladesh Workers Welfare Foundation Act, 2006, not later than six months from the close of that year, five percent (5%) of its net profits during such year, the proportion of the Payment to above mentioned funds shall be 80:10:10 respectively. (end)

NFML 14-Nov-2021

(Continuation news of NFML): 2. In the notes # 9.01 Advance, Deposit & Prepayment includes Tk. 49,072,514 out of which Tk. 5,120,299 relates to Karnopur Agro Industries Ltd. and Tk. 43,952,215 to National Hatchery Ltd. which is given as advance without business consideration. 3. The Bangladesh Labor (amended) act 2013 requires the company to contribute 5% of its net profit to WPPF. The management has ascertained the amount and made necessary provision but not made (cont.2)

NFML 14-Nov-2021

The auditor of the National Feed Mill Limited has given the "Emphasis of matter" paragraphs in the Auditor's Report for the year ended on 30 June, 2021. Emphasis of matter: 1. We draw attention in the notes # 8 of the financial statements as the company has written off Tk. 95,627,134 against receivable amount according to IFRS-9 Para-5.5.1 & 5.5.9. (cont.1)

NFML 10-Nov-2021

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on November 14, 2021 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.

NFML 31-Oct-2021

There will be no price limit on the trading of the shares of the Company today (31.10.2021) following its corporate declaration.

NFML 31-Oct-2021

(Continuation news of NFML): iii) Bonus shares are declared out of accumulated profit. iv) Bonus share have not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance. (end)

NFML 31-Oct-2021

(Continuation news of NFML): Complying with the requirements embodied in relevant laws and Regulatory Authorities Concerned. ii) The bonus dividend has been recommended to utilize its retained amount as capital for the existing BMRE (Balancing, Modernization, Rehabilitation and Expansion) project of ongoing new storage facility building/expansion. (cont. 7)

NFML 31-Oct-2021

(Continuation news of NFML): NAVPS: Net Asset Value Per Share: NAV per Share has also been decreased by 6.95% due to write off irrecoverable account receivable of BDT 95,627,134 during the 4th quarter for the purpose of fair representation of financial statements. Disclosure in regards to Recommendation of Bonus Share: i) The Stock Dividend is subject to approval of shareholders in the 21th AGM and subject to approval of the BSEC and (cont. 6)

NFML 31-Oct-2021

(Continuation news of NFML): It resulted a significant deviation between the EPS up to 3rd quarter and final quarter. NOCFPS: NOCFPS has also been increased as the collection against Sales was higher than the payment to supplier and lower investment in Working Capital and realization of Advance, deposit and Pre-payments. As a result, NOCFPS was positive in comparing with the prior year. (cont. 5)

NFML 31-Oct-2021

(Continuation news of NFML): But the growth of basic EPS was only 14.19% which is not in line with the growth of Revenue and Gross profit growth due to the adverse financial impact of bad debt write off in the financial statements. The Company has written off the irrecoverable account receivable of Tk. 95,627,134 during the 4th quarter for the purpose of fair representation of financial statements. (cont. 4)

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