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SUMITPOWER

All Eps Dividend Board Agm Q1 Q2 Q3

SUMITPOWER 25-Oct-2020

The auditor of Summit Power Limited has given the following Emphasis of Matter in the audit report of the Company prepared for the year ended on 30 June, 2020. Emphasis of Matter: We draw users? attention to the following notes to the financial statements: Note 12.1 wherein Management has explained that the receivables from Bangladesh Rural Electrification Board (BREB) is recoverable based on the outcome of writ petition filed with the High Court Division of the (cont.1)

SUMITPOWER 08-Oct-2020

The Board of Directors has recommended 20% final cash dividend for the year ended on June 30, 2020 (Total 35% Cash Dividend of the Financial Year ended on June 30, 2020 inclusive of 15% Interim Cash Dividend, which has already been paid). Date of AGM: 14.12.2020, Time: 11:00 AM, Venue: Digital Platform. Record Date: 15.11.2020. (cont.)

SUMITPOWER 29-Sep-2020

As per Regulation 19(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 October 07, 2020 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

SUMITPOWER 03-Feb-2020

As per query of DSE about compliance of BSEC Notification no. BSEC/CMRRCD/2006-158/208/admin/81 dated June 20, 2018 regarding declaring interim dividend, the Company has informed that the Board of Directors further resolved to get the audit of the interim financials for the six months period ended on December 31, 2019 before the record date.

SUMITPOWER 02-Feb-2020

The Board of Directors of the Company has declared 15% interim cash dividend for the year ending on June 30, 2020 based on un-audited Financial Statements for the half year period ended on December 31, 2019. Record date for entitlement of interim cash dividend: 24.02.2020. However, it is observed that the Company did not Audit the Half year Financial Statements and did not comply the BSEC Notification BSEC/CMRRCD/2006-158/208/admin/81 dated June 20, 2018 regarding declaring interim dividend.

SUMITPOWER 27-Jan-2020

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 January 30, 2020 at 2:45 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2019.

SUMITPOWER 07-Nov-2019

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 13, 2019 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2019.

SUMITPOWER 14-Oct-2019

(Continuation news of SUMITPOWER): Note 1.3 Ashulia Power Plant (Unit-I), Madhabdi Power Plant (Unit-I) and Chandina Power Plant (Unit-I) - extension of Power Purchase Agreement: The Group contracted with Bangladesh Rural Electrification Board ("BREB") for Power Purchase Agreement ("PPA") on 10 February 2000 to supply electricity from Ashulia power plant, Madhabdi power plant and Chandina power plant ("the plants") for 15 years to 31 August 2018(cont. 3)

SUMITPOWER 14-Oct-2019

Emphasis of Matter: Auditor draws attention to the following notes to the financial statements: Note 11.1 wherein Management has explained that the receivables from Bangladesh Rural Electrification Board (BREB) is recoverable based on the outcome of writ petition filed in the High Court Division of the Honorable Supreme Court. Note 1.3 wherein the Management has explained that it is currently in negotiations with BREB for amendment of Power Purchase Agreement (PPA), (cont. 1)

SUMITPOWER 23-Sep-2019

The Board of Directors has recommended 35% cash dividend for the year ended on June 30, 2019. Date of AGM: 24.11.2019, Time: 11:30 AM, Venue: Krishibid Institution Bangladesh Complex (KIB), Krishi Khamar Sarak (Khamarbari), Farmgate, Dhaka-1215. Record Date: 17.10.2019. The Company has also reported EPS of Tk. 4.78, NAV per share of Tk. 32.40 and NOCFPS of Tk. 5.67 for the year ended on June 30, 2019 as against Tk. 4.40, Tk. 31.26 and Tk. 4.54 respectively for the same period of the previous year.

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