BullBD Old Apps Site
Home
Favorites
Recently viewed Details Chart Today news Share news Top gainer Top Looser Upcoming events
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0 1 2 3 4 5 6 7 8 9 All
Bank Cement Ceramics Sector Corporate Bond Engineering Financial Institutions Food & Allied Fuel & Power IT Sector Insurance Jute Life Insurance Miscellaneous Mutual Funds Paper & Printing Pharmaceuticals & Chemicals Services & Real Estate Tannery Industries Telecommunication Textile Travel & Leisure All
  • Details
  • Chart
  • News

TITASGAS

All Eps Dividend Board Agm Q1 Q2 Q3

TITASGAS 27-Oct-2020

(Continuation news of TITASGAS): Company has made provision of Tk. 124 crore only till 30 June 2020. A further provision of Tk. 24.84 crore for the year 2018-19 and Tk. 24.00 crore for the year 2019-20 has been kept in the accounts. As a result, the provision for pension fund has remained short by Tk. 736.08 crore in the accounts as on 30 June 2020. c. Due to delay in payment of bills by the bulk customers (Power- PDB) the Company calculates and charges penal interest (cont.6)

TITASGAS 27-Oct-2020

(Continuation news of TITASGAS): for the year 2018-19 and 2019-20 respectively. As such, the required provision for pension fund as on 30 June 2020 has stood at Tk. 838.05 crore. But the management of the Company on the ground of inadequacy of fund as well as insufficient yearly profit decided to initially provide Tk. 188.90 crore in three years commencing from 2018-19 and thereafter to review the provision amount for the subsequent years against which the (cont.5)

TITASGAS 27-Oct-2020

(Continuation news of TITASGAS): The actuary firm, M/S. Z Halim & Associates recommended to make an annual provision of Tk. 188.90 crore for next five years to make up the said deficit. In addition, the required provision for the said fund for the year 2018-19 and 2019-20 has increased by Tk. 59.62 crore and Tk. 59.55 core respectively. Further Tk. 51.58 crore and Tk. 49.28 crore have been paid by the Company to the outgoing employees as final settlement (cont.4)

TITASGAS 27-Oct-2020

(Continuation news of TITASGAS): from the records of the zone offices as well as sending balance confirmation letters to the parties. b. Required provision for pension fund of the eligible employees of the Company as on 30 June 2018 was Tk. 819.74 crore as per actuarial valuation done by M/S. Z Halim & Associates. As on the said date the Company's provision for the pension fund was only Tk. 30.00 crore resulting in a shortfall of provision of Tk. 789.74 crore for the said fund. (cont.3)

TITASGAS 27-Oct-2020

(Continuation news of TITASGAS): The Head Office of the Company maintains control ledgers with the information received from zone offices. But during our audit at zone offices we could not check and confirm such balances with the records of zone offices as the zone offices' general ledgers were not updated. Further, any list, address or any other particulars of the parties could not be made available to us. As a result, we could not ensure by accuracy of the balances (cont.2)

TITASGAS 27-Oct-2020

The auditor of the Titas Gas Transmission & Dist. Co. Ltd has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2020. In this regard, we may disseminate the following news through our online trading system: Qualified Opinion: a. Long-term liabilities as disclosed in Note # 24 to the financial statements include customers' security deposit of Tk. 2,085.91 crore as on 30 June 2020. (cont.1)

TITASGAS 27-Oct-2020

There will be no price limit on the trading of the shares of the Company on today (27.10.2020) for following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

TITASGAS 27-Oct-2020

The Board of Directors has recommended 26% cash dividend for the year ended on June 30, 2020. Date of AGM: 15.12.2020, Time: 11:00 AM, Venue: Digital Platform. Record Date: 18.11.2020. The Company has also reported EPS of Tk. 3.64, NAV per share of Tk. 71.39 and NOCFPS of Tk. (4.48) for the year ended on June 30, 2020 as against Tk. 4.70, Tk. 70.08 and Tk. 5.29 respectively for the same period of the previous year.

TITASGAS 15-Oct-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 25, 2020 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

TITASGAS 29-Jun-2020

(Continuation news of TITASGAS): and a new demand charge was introduced which impacts in the revenue of the Company adversely. Significant change in NOCFPS due to revenue collection against gas sales and relative bank interest received on investment are relatively higher than those of the same period of the previous year.

Previous Next page