15:19:23 (BST) 15:19:23 (BST)
CSE news on MATINSPINN
2024-01-30: Un-audited HY A/Cs
MATINSPINN: (Quarter 2) As per un-audited half yearly accounts of the company, EPS was Tk. 1.59 for October-December 2023 as against Tk. 1.81 for October-December 2022; EPS was Tk. 0.58 for July-December 2023 as against Tk. 3.88 for July-December 2022. NOCFPS was Tk. 6.47 for July-December 2023 as against Tk. 3.92 for July-December 2022. NAV per share (with Revaluation reserves) was Tk. 56.21 as on December 31, 2023 and Tk. 60.04 as on June 30, 2023.
2024-01-22: Board Meeting
MATINSPINN: The company has informed that the Board Meeting of the Company will be held on January 29, 2024 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2023.
2024-01-10: Cash Dividend Disbursement
MATINSPINN: The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.
2023-12-19: Credit Rating
MATINSPINN: Credit Rating Information and Services Limited (CRISL) has rated the Company as ''AA'' in the long term and ''ST-2'' in the short term along with a Developing outlook in consideration of its audited financials up to June 30, 2023; unaudited financials up to September 30, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2023-11-14: Un-audited Financial Statements
MATINSPINN: (Quarter 1) As per the un-audited financial statements of the Company, EPS was Tk. (1.01) for July-September 2023 as against Tk. 2.07 for July-September 2022; NOCFPS was Tk. (3.89) for July-September 2023 as against Tk. 5.95 for July-September 2022. NAV per share was Tk. 59.03 as on September 30, 2023 and Tk. 60.04 as on June 30, 2023. Reasons for significant deviation: Compare to same period last year, sales revenue in current period decreased mainly due to average sales price has been decreased and cost of sales increased which effect to reduce gross profit margin and net profit ratio.
2023-11-07: Board Meeting
MATINSPINN: Matin Spinning Mills PLC has informed that the Board Meeting of the Company will be held on November 13, 2023 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2023.
2023-11-06: Record Date tomorrow (07.11.2023)
MATINSPINN: Trading of the shares of Matin Spinning Mills PLC will remain suspended on its record date i.e., 07.11.2023. Trading of the shares of the Company will resume on 08.11.2023.
2023-11-02: Spot trade from 05.11.2023
MATINSPINN: Trading of the shares of Matin Spinning Mills PLC will be allowed only in the Spot Market from 05.11.2023 to 06.11.2023 as the record date of the Company is on 07.11.2023.
2023-10-16: CB Free
MATINSPINN: Please note that there will be no price limit today 16.10.2023 on the trading of the shares of the company following its corporate declaration. However, the floor price shall be applicable accordingly.
2023-10-16: Cont-Recommendation of Dividend
MATINSPINN(cont):decrease in the sales price over the last year. NOCFPS has been decreased due to increase in payment to suppliers, employees, and interest payment even though the Company's sales proceeds collection has been increased over the reporting period against both site and deferred LC compared to the last year due to additional sales units from its newly opened special yarn unit. NAVPS has been decreased due to decrease in the profit margin.(end)
2023-10-16: Recommendation of Dividend
MATINSPINN: The Board of Directors has recommended 40% Cash dividend for the year ended June 30, 2023. Date of AGM: 30.11.2023, Time: 11:30 AM, Venue: Digital Platform. Record Date: 07.11.2023. The Company has reported EPS of Tk. 4.38, NAV per share of Tk. 60.04 and NOCFPS of Tk. 4.97 for the year ended June 30, 2023 as against Tk. 10.79, Tk. 60.63 and Tk. 6.17 respectively for the year ended June 30, 2022. Reasons for deviation in EPS, NOCFPS and NAVPS: EPS has been decreased mainly increase in cost of goods sold due to significant increase in raw material cost, power and fuel cost, finance cost as well as other costs, and(cont)
2023-10-05: Board Meeting
MATINSPINN: Matin Spinning Mills PLC has informed that the Board Meeting of the Corporation will be held on October 15, 2023 at 4:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2023.
2023-06-25: Re-appointment of Independent Director
MATINSPINN: Matin Spinning Mills PLC has informed that the Board of Directors has re-appointed Mr. Md. Abdus Salam, FCA, FCS, as Independent Director of the company with effect from April 29, 2023.
2023-04-18: Regarding purchase of sub-station with Standard Accessories
MATINSPINN: Matin Spinning Mills PLC has informed that the Board of Directors has approved the purchase of 15MVA, 33/11kV Sub-Station with Standard Accessories from Adex Engineering Limited for increasing power using capacity and savings over the existing power cost. The total estimated cost of 15MVA, 33/11kV Sub-Station, including installation, civil, cable, and other accessories costs Tk. 110,438,000.00 (Taka: Eleven crore four lac thirty-eight thousand) only. The company has also informed that after installation of the aforementioned Sub-Station, the Company is expecting estimated savings of Tk. 6.72 crore per year.
2023-04-18: Un-audited Financial Statements
MATINSPINN: (Quarter 3) As per un-audited financial statements of Matin Spinning Mills PLC, EPS was Tk. 0.11 for January-March 2023 as against Tk. 2.43 for January-March 2022; EPS was Tk. 3.99 for July 2022-March 2023 as against Tk. 7.98 for July 2021-March 2022. NOCFPS was Tk. 14.16 for July 2022-March 2023 as against Tk. 5.01 for July 2021-March 2022. NAV per share (with revaluation reserve) was Tk. 59.64 as on March 31, 2023 and Tk. 60.63 as on June 30, 2022.
2023-04-10: Board Meeting
MATINSPINN: Matin Spinning Mills PLC has informed that the Board Meeting of the Company will be held on April 17, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2023.
2023-04-04: Name Change of the Company
MATINSPINN:Chittagong Stock Exchange PLC (CSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be 'Matin Spinning Mills PLC' instead of 'Matin Spinning Mills Limited' with effect from April 04, 2023. Other things (except name) will remain unchanged.
2023-01-31: Un-audited HY A/Cs
MATINSPINN: As per un-audited half yearly accounts of Matin Spinning Mills Ltd. EPS was Tk. 1.81 for October-December 2022 as against Tk. 2.86 for October-December 2021; EPS was Tk. 3.88 for July-December 2022 as against Tk. 5.54 for July-December 2021. NOCFPS was Tk. 3.92 for July-December 2022 as against Tk. 11.10 for July-December 2021. NAV per share (with Revaluation reserves) was Tk. 59.52 as on December 31, 2022 and Tk. 60.63 as on June 30, 2022.
2023-01-23: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on January 30, 2023 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2022.
2023-01-09: Cash Dividend Disbursement
MATINSPINN: Matin Spinning Mills Ltd. has informed that it has disbursed the cash dividend for the year ended June 30, 2022 to the respective shareholders.
2022-12-21: Credit Rating
MATINSPINN: Credit Rating Information and Services Limited (CRISL) has informed that the Rating Committee of CRISL has assigned the rating to Matin Spinning Mills Ltd. as ''AA'' in the long term and ''ST-2'' in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2022; unaudited financials up to September 30, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2022-11-15: Un-audited Financial Statements
MATINSPINN: (Quarter 1) As per un-audited financial statements of Matin Spinning Mills Ltd., EPS was Tk. 2.07 for July-September 2022 as against Tk. 2.68 for July-September 2021; NOCFPS was Tk. 5.95 for July-September 2022 as against Tk. 7.61 for July-September 2021. NAV per share was Tk. 62.71 as on September 30, 2022 and Tk. 60.63 as on June 30, 2022. Reasons for significant deviation: Compare to same period last year, sales revenue increased by 25% and volume increased by 11.35%. But gross profit and net profit has been decreased by 2.85% and 6.45% respectively due to increasing the raw material prices and utility cost.
2022-11-10: Record Date on 13.11.2022
MATINSPINN: Trading of the shares of Matin Spinning Mills Ltd. will remain suspended on its record date i.e., 13.11.2022. Trading of the shares of the Company will resume on 14.11.2022.
2022-11-08: Spot trade from tomorrow (09.11.2022)
MATINSPINN: Trading of the shares of Matin Spinning Mills Ltd. will be allowed only in the Spot Market from 09.11.2022 to 10.11.2022 as the record date of the Company is on 13.11.2022.
2022-11-08: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on November 14, 2022 at 4:00 PM to consider, among others, un-audited financial statements of the company for the First Quarter (Q1) period ended September 30, 2022.
2022-10-23: CB Free
MATINSPINN: Please note that there will be no price limit today 23.10.2022 on the trading of the shares of the company following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
2022-10-23: Cont-3 Recommendation of Dividend
MATINSPINN: (cont-3) resultantly MSMPLC Net Operating Cash Flow per Share has increased compared to that of the previous year. Net Asset Value per Share: Net Asset Value per share has been increased considerably due to excellent operating performance for the year under review as reflected in the EPS as well.(end)
2022-10-23: Cont-2 Recommendation of Dividend
MATINSPINN:(cont-2) For this reason, receivables are decreased significantly. It is also observed that the inventory of raw materials and finished goods has increased during the reporting period significantly to ensure an uninterrupted supply of raw materials to production as well as to get price benefit since raw materials demand and prices are also increasing trend. Although inventory has been increased but collection from customers has been improved significantly, (cont-3)
2022-10-23: Cont-1 Recommendation of Dividend
MATINSPINN: (cont-1) It is also reported that the company has purchased raw materials in a reasonable and competitive rate which has contributed a lot to achieve our extra margin. As such there is a positive impact of EPS enhancement. Also noted that during the reporting year, MSMPLC management has decided to make a sum of provision for bad and doubtful debts due to the non-realization of long pending outstanding from the external customer as per IFRS 9. There was no other significant Extraordinary Transactions during this year. Increase in Operating Cash flows: MSMPLC sales proceeds collection has been increased significantly over the reporting period against both site and deferred LC compared to the last year.(cont-2)
2022-10-23: Recommendation of Dividend
MATINSPINN: The Board of Directors has recommended 50% Cash dividend for the year ended June 30, 2022. Date of AGM: 08.12.2022, Time: 11:30 AM, Venue: Digital Platform. Record Date: 13.11.2022. The Company has reported EPS of Tk. 10.79, NAV per share of Tk. 60.63 and NOCFPS of Tk. 6.17 for the year ended June 30, 2022 as against Tk. 6.31, Tk. 53.81 and Tk. 0.40 respectively for the same period of the previous year. The Company has also informed the reasons of significant variations in EPS, NOCFPS and NAVPS. Significant increase in EPS: EPS has been increased due to increase in Sales Revenue and there was no significant additional fixed expenditure against the incremental revenue except raw material cost.(cont-1)
2022-10-12: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on October 20, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
2022-09-15: Decision to purchase Generators
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board of Directors of the Company has approved the purchase of 03 (Three) low Gas consuming Generators and 1(One) Diesel Generator from Daud Machinery Trading DWC -LLC, Unit- 401, Level- 4, Building -A3, Dubai South Business Park, Dubai 712206, UAE for replacement of old 4 (Four) Gas Generators. The total cost of Generators and installation cost is estimated at USD 2,708,000/- equivalent to Tk. 257,260,000/- (Taka Twenty-five crore seventy-two Lac sixty thousand only).
2022-07-24: Full commercial operation of a Special Unit
MATINSPINN: Reference to the earlier news disseminated by CSE on 07.02.2021 regarding Expansion of Production Capacity, Matin Spinning Mills Ltd. has further informed that the Board of Directors has decided that ''Full Commercial Operation'' of Special Yarn Unit (production capacity by 10 ton per day) of the Company will commence from 1st August 2022
2022-04-24: Un-audited Financial Statement
MATINSPINN: (Quarter 3) As per un-audited financial statements of Matin Spinning Mills Ltd., EPS was Tk. 2.43 for January-March 2022 as against Tk. 1.92 for January-March 2021; EPS was Tk. 7.98 for July 2021-March 2022 as against Tk. 4.03 for July 2020-March 2021. NOCFPS was Tk. 5.01 for July 2021-March 2022 as against Tk. 6.30 for July 2020-March 2021. NAV per share (with revaluation reserve) was Tk. 57.84 as on March 31, 2022 and Tk. 53.84 as on June 30, 2021.
2022-04-19: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on April 23, 2022 at 2:00 PM to consider, among others, un-audited financial statements of the company for the Third Quarter (Q3) period ended March 31, 2022.
2022-01-30: Un-audited HY A/Cs
MATINSPINN: As per un-audited half yearly accounts of Matin Spinning Mills Ltd. EPS was Tk. 2.86 for October-December 2021 as against Tk. 1.25 for October-December 2020; EPS was Tk. 5.54 for July-December 2021 as against Tk. 2.11 for July-December 2020. NOCFPS was Tk. 11.10 for July-December 2021 as against Tk. 8.77 for July-December 2020. NAV per share (with Revaluation reserves) was Tk. 55.40 as on December 31, 2021 and Tk. 53.84 as on June 30, 2021.
2022-01-25: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on January 29, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
2022-01-12: Cash Dividend Disbursement
MATINSPINN: Matin Spinning Mills Ltd. has informed that it has disbursed the cash dividend for the year ended on June 30, 2021 to the respective shareholders.
2021-12-22: Credit Rating
MATINSPINN: Credit Rating Information and Services Limited (CRISL) has informed that the Rating Committee of CRISL has assigned the rating to Matin Spinning Mills Ltd. as ''AA-'' in the long term and ''ST-3'' in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2021; unaudited financials up to September 30, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2021-11-16: Record Date tomorrow (17.11.2021)
MATINSPINN: Trading of the shares of Matin Spinning Mills Ltd. will remain suspended on its record date i.e., 17.11.2021. Trading of the shares of the Company will resume on 18.11.2021.
2021-11-14: Spot trade from tomorrow (15.11.2021)
MATINSPINN: Trading of the shares of Matin Spinning Mills Ltd. will be allowed only in the Spot Market from 15.11.2021 to 16.11.2021 as the record date of the Company is on 17.11.2021.
2021-11-14: Un-audited Financial Statements
MATINSPINN: (Quarter 1) As per un-audited financial statements of Matin Spinning Mills Ltd., EPS was Tk. 2.68 for July-September 2021 as against Tk. 0.86 for July-September 2020; NOCFPS was Tk. 7.61 for July-September 2021 as against Tk. 4.54 for July-September 2020. NAV per share was Tk. 56.53 as on September 30, 2021 and Tk. 53.84 as on June 30, 2021.
2021-11-08: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on November 11, 2021 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.
2021-10-31: Cont-Revised Contracts for Sale of Yarn.
MATINSPINN: (cont) Hamza Textiles Ltd (Revised Contract Amount (USD) Minimum 5,00,000 Maximum 45,00,000) under common Directorship subject to approval by the shareholders in upcoming Annual General Meeting. The contracts will remain initially valid for 36 months effective from 01 July 2021 and shall continue unless terminated at any time by both the Seller and the Buyer on one month's prior written notice.(end)
2021-10-31: Revised Contracts for Sale of Yarn.
MATINSPINN: Matin Spinning Mills Ltd. has informed that Board of Directors have approved 04 (Four) Revised Contracts for Sale of Yarn between Matin Spinning Mills Limited and the following Private Limited Companies: Flamingo Fashions Limited (Revised Contract Amount (USD) Minimum 50,00,000 Maximum 225,00,000), Jinnat Apparels Limited (Revised Contract Amount (USD) Minimum 30,00,000 Maximum 125,00,000) Jinnat Knitwears Limted (Revised Contract Amount (USD) Minimum 50,00,000 Maximum 200,00,000) and (cont)
2021-10-31: Name Change of the Company
MATINSPINN: Matin Spinning Mills Ltd. has informed that they will change their Company Name to Matin Spinning PLC from Matin Spinning Mills Limited subject to compliance of Company act and others.
2021-10-31: CB Free
MATINSPINN: Please note that there will be no price limit today 31.10.2021 on the trading of the shares of the Company following its corporate declaration.
2021-10-31: Cont-2 Recommendation of Dividend
MATINSPINN:(cont-2) It was also observed that Inventory increased significantly to ensure uninterrupted supply of raw material to the production as well as to get price benefit since raw materials demand and prices are also increasing trend. Net Asset Value per Share: Net Asset Value per share has been increased considerably due to excellent operating performance for the year under review as reflected in the EPS as well.(end)
2021-10-31: Cont-1 Recommendation of Dividend
MATINSPINN: (cont-1) Also noted that during the reporting year, MSML management has decided to made a sum of provision for bad and doubtful debts due to non-realization of long pending outstanding from external customer as per IFRS 9. Decreased in NOCFPS: MSML sales proceeds complete through B2B deferred LC for 90-120 days. As per huge demand of cotton-based produce in Q3 and Q4 of RMG Sector, Matin Spinning Mills Limited yarn delivery in Q3 and Q4 increased up to Tk. 2835 million under B2B LC. For this reasons receivable increased significantly. During the reporting period receivables has increased due to un-realization of receivable that would be received in due course as receivables are covered by LCs.(cont-2)
2021-10-31: Recommendation of Dividend
MATINSPINN: The Board of Directors has recommended 40% Cash dividend for the year ended on June 30, 2021. Date of AGM: December 13, 2021, Time: 11:30 AM, Venue: Digital Platform. Record Date: November 17, 2021. The Company has reported EPS of Tk. 6.31, NAV per share of Tk. 53.84 and NOCFPS of Tk. 0.40 for the year ended on June 30, 2021 as against Tk. 2.16, Tk. 49.29 and Tk. 5.47 respectively for the same period of the previous year. Increase in EPS: EPS has been increased due to increase in Sales Revenue as well as sales quantity and there was no significant additional fixed expenditure against the incremental revenue except variable cost. As such there is a positive impact of EPS enhancement. (cont-1)
2021-10-19: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on October 28, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.
2021-05-02: Un-audited Financial Statements
MATINSPINN: (Quarter 3) As per un-audited financial statements of Matin Spinning Mills Ltd., EPS was Tk. 1.92 for January-March 2021 as against Tk. 0.88 for January-March 2020; EPS was Tk. 4.03 for July 2020-March 2021 as against Tk. 1.69 for July 2019-March 2020. NOCFPS was Tk. 6.30 for July 2020-March 2021 as against Tk. 4.07 for July 2019-March 2020. NAV per share (with revaluation reserve) was Tk. 51.54 as on March 31, 2021 and Tk. 49.29 as on June 30, 2020.
2021-04-25: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on April 29, 2021 at 2:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2021.
2021-02-07: Cont-Expansion of Production Capacity
After complementation of the project, yearly production will be increased approximately 8.50-9.00 ton per day and estimated increase in Turnover will be BDT 95-100 crore per annum approximately.(end)
2021-02-07: Expansion of Production Capacity
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board of Directors has decided to further expansion of production capacity by 10 tons (per day) through "Special Yarn Unit" project in addition to the existing capacity of 51 tons per day (25 tons of Card and Combed yarn, 10 tons melange yarn and 16 tons Synthetic yarn) at a projected cost of Tk. 186 crore out of which 125 crore will be availed as Loan from DEG - Deutsche Investitions- und EntwicklungsgeseIIschaft mbH, Kammergasse 22, 50676 Cologne, Germany and the rest amount of Tk. 61 crore will be financed from Company's own source.(cont)
2021-01-31: Un-audited HY A/Cs
MATINSPINN: As per un-audited half yearly accounts of Matin Spinning Mills Ltd. EPS was Tk. 1.25 for October-December 2020 as against Tk. 0.63 for October-December 2019; EPS was Tk. 2.11 for July-December 2020 as against Tk. 0.81 for July-December 2019. NOCFPS was Tk. 8.77 for July-December 2020 as against Tk. 4.26 for July-December 2019. NAV per share (with Revaluation reserves) was Tk. 49.62 as on December 31, 2020 and Tk. 49.29 as on June 30, 2020.
2021-01-24: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on January 28, 2021 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.
2021-01-12: Cash Dividend Disbursement
MATINSPINN: Matin Spinning Mills Ltd. has informed that it has disbursed the cash dividend for the year ended on June 30, 2020 to the respective shareholders.
2020-12-22: Credit Rating
MATINSPINN: Credit Rating Information and Services Limited (CRISL) has informed that the Rating Committee of CRISL has assigned the rating to Matin Spinning Mills Ltd. as ''AA-'' in the long term and ''ST-3'' in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2020; un-audited financials up to September 30, 2020 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2020-11-25: Record Date tomorrow (26.11.2020)
MATINSPINN: Trading of the shares of Matin Spinning Mills Ltd. will remain suspended on its record date i.e., 26.11.2020. Trading of the shares of the Company will resume on 29.11.2020.
2020-11-23: Spot trade from tomorrow (24.11.2020)
MATINSPINN: Trading of the shares of Matin Spinning Mills Ltd. will be allowed only in the Spot Market from 24.11.2020 to 25.11.2020 as the record date of the Company is on 26.11.2020.
2020-11-11: Un-audited Financial Statements
MATINSPINN: (Quarter 1) As per un-audited financial statements of Matin Spinning Mills Ltd., EPS was Tk. 0.86 for July-September 2020 as against Tk. 0.18 for July-September 2019; NOCFPS was Tk. 4.54 for July-September 2020 as against Tk. 0.27 for July-September 2019. NAV per share was Tk. 50.16 as on September 30, 2020 and Tk. 49.29 as on June 30, 2020.
2020-11-04: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on November 10, 2020 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, 2020.
2020-11-01: CB Free
MATINSPINN: Please note that there will be no price limit today 01.11.2020 on the trading of the shares of the Company 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.
2020-11-01: Recommendation of Dividend
MATINSPINN: The Board of Directors has recommended 18% cash dividend for the year ended on June 30, 2020. Date of AGM: 14.12.2020, Time: 11:00 AM, Venue: Digital Platform. Record date: 26.11.2020. The Company has also reported EPS of Tk. 2.16, NAV per share with revaluation reserve of Tk. 49.29, and NOCFPS of Tk. 5.47 for the year ended on June 30, 2020 as against Tk. 0.97, Tk. 42.90 and Tk. 4.75 respectively for the same period of the previous year.
2020-10-22: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on October 31, 2020 at 12:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.
2020-06-09: Revaluation of Fixed Assets
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board of Directors has approved the revaluation report of the following categories of Fixed Assets i) Land and ii) Building including other structures. The amount of Fixed Assets has been increased from Tk. 1,664,357,036.00 to Tk. 2,275,898,145.00. Revaluation surplus was Tk. 611,541,109.00.
2020-06-09: Un-audited Financial Statements
MATINSPINN: (Quarter 3) As per un-audited financial statements of Matin Spinning Mills Ltd., EPS was Tk. 0.88 for January-March 2020 as against Tk. (0.33) for January-March 2019; EPS was Tk. 1.69 for July 2019-March 2020 as against Tk. 0.81 for July 2018-March 2019. NOCFPS was Tk. 4.07 for July 2019-March 2020 as against Tk. 7.07 for July 2018-March 2019. NAV per share was Tk. 43.10 as on March 31, 2020 and Tk. 42.90 as on June 30, 2019.
2020-06-02: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on June 08, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2020.
2020-01-16: Un-audited HY A/Cs
MATINSPINN: As per un-audited half yearly accounts of Matin Spinning Mills Ltd. EPS was Tk. 0.63 for October-December 2019 as against Tk. 0.55 for October-December 2018; EPS was Tk. 0.81 for July-December 2019 as against Tk. 1.14 for July-December 2018. NOCFPS was Tk. 4.26 for July-December 2019 as against Tk. 0.64 for July-December 2018. NAV per share (with Revaluation reserves) was Tk. 42.22 as on December 31, 2019 and Tk. 42.90 as on June 30, 2019. The Company has also informed that EPS for July-December 2019 was decreased due to lower sales price and NOCFPS was increased significantly compared to the same period of last year because of increase in collection from customers.
2020-01-14: Cash Dividend Disbursement
MATINSPINN: Matin Spinning Mills Ltd. has informed that it has disbursed the cash dividend for the year ended on June 30, 2019 to the respective shareholders.
2020-01-09: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on January 15, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2019.
2019-12-30: Credit Rating
MATINSPINN: Credit Rating Information and Services Limited (CRISL) has informed that the Rating Committee of CRISL has assigned the rating to Matin Spinning Mills Ltd. as ''AA-'' in the long term and ''ST-3'' in the short term along with a stable outlook based on audited financial statements of the Company up to June 30, 2019, unaudited financials up to September 30, 2019 and other relevant quantitative and qualitative information up to the date of rating declaration.
2019-11-21: Record Date on 24.11.2019
MATINSPINN: Trading of the shares of Matin Spinning Mills Ltd. will remain suspended on its record date i.e., 24.11.2019. Trading of the shares of the Company will resume on 25.11.2019.
2019-11-19: Spot trade from tomorrow (20.11.2019)
MATINSPINN: Trading of the shares of Matin Spinning Mills Ltd. will be allowed only in the Spot Market from 20.11.2019 to 21.11.2019 as the record date of the Company is on 24.11.2019.
2019-11-14: Un-audited Financial Statements
MATINSPINN: (Quarter 1) As per un-audited financial statements of Matin Spinning Mills Ltd., EPS was Tk. 0.18 for July-September 2019 as against Tk. 0.59 for July-September 2018; NOCFPS was Tk. 0.27 for July-September 2019 as against Tk. 1.22 for July-September 2018. NAV per share (with Revaluation reserves) was Tk. 43.08 as on September 30, 2019 and Tk. 42.90 as on June 30, 2019.
2019-11-14: Purchase of 2 machineries
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board of Directors of the Company has approved among others, purchase of 2 machineries (Cooling Tower & Chiller). Total cost of machineries is estimated at Tk. 4,40,21,925/-. After installation of the new machineries, the Company is expected to save power cost of Tk. 1.75 crore (approx.) per year.
2019-11-05: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on November 13, 2019 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2019.
2019-11-05: Change of Close Price
MATINSPINN: Please note that the close price of the shares of MATINSPINN has been reset at current market price prevailing in other exchange. New close price of MATINSPINN =Tk. 32.10.
2019-11-03: CB free
MATINSPINN: Please note that there will be no price limit today 03 November 2019 on the trading of shares of the Company following its corporate disclosure.
2019-11-03: Recommendation of Dividend
MATINSPINN: The Board of Directors has recommended 15% Cash Dividend for the year ended on June 30, 2019. Date of AGM: 12.12.2019, Time: 11:00 AM, Venue: Factory Premises of Matin Spinning Mills Ltd. at Sardaganj, Kashimpur, Gazipur. Record date: 24.11.2019. The Company has also reported EPS of Tk. 0.97, NAV per share with revaluation reserve of Tk. 42.90, and NOCFPS of Tk. 4.75 for the year ended on June 30, 2019 as against Tk. 3.10, Tk. 43.63 and Tk. 5.64 respectively for the same period of the previous year.
2019-10-24: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on November 02, 2019 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2019.
2019-01-20: Un-audited HY A/Cs
MATINSPINN: As per un-audited half yearly accounts of Matin Spinning Mills Ltd. EPS was Tk. 0.55 for October-December 2018 as against Tk. 0.90 for October-December 2017; EPS was Tk. 1.14 for July-December 2018 as against Tk. 1.44 for July-December 2017. NOCFPS was Tk. 0.64 for July-December 2018 as against Tk. 7.39 for July-December 2017. NAV per share (with Revaluation reserves) was Tk. 44.75 as on December 31, 2018 and Tk. 43.63 as on June 30, 2018.
2019-01-17: Cash Dividend Disbursement
MATINSPINN: Matin Spinning Mills Ltd. has informed that it has disbursed the cash dividend for the year ended on June 30, 2018 to the respective shareholders.
2019-01-14: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on January 17, 2019 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) periods ended on December 31, 2018.
2018-12-27: Credit Rating
MATINSPINN: Credit Rating Information and Services Limited (CRISL) has informed that the Rating Committee of CRISL has assigned the rating to Matin Spinning Mills Ltd. as "AA-" in the long term and "ST-3" in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2018; un-audited financials up to September 30, 2018 and other relevant quantitative and qualitative information up to the date of rating declaration.
2018-12-04: Cont3-Auditor's Opinion (Revised)
MATINSPINN(Revised)(cont3): However, para-62 specifies three methods of which diminishing balance has been used by the company consistently considering reducing future economic benefit of the assets. C. Impairment: If the recoverable amount of an asset is less than it carrying amount, the carrying amount of the asset should be reduced to its recoverable amount. That reduction is an impairment loss. An impairment loss is recognized as an expense in the income statement.''(end)
2018-12-04: Cont2-Auditor's Opinion (Revised)
MATINSPINN(Revised)(cont2): The gain or loss arising on the disposal of an asset is determined as difference between the sale proceeds and the carrying amount of the asset and is recognized in the income statement. Itemized depreciation rates are as follows: Land and land development (Nil), Factory building 5%, Godown 10%, Plant and machinery 10%, Furniture and fixtures 10%, Sub Station (Machinery) 15%, Gas Generator 15%, Office equipment 15%, Electric installation 15% and Vehicles 20%. Para-60 of BAS - 16 does not specify any specific method of calculation of depreciation.(cont3)
2018-12-04: Cont1-Auditor's Opinion (Revised)
MATINSPINN(Revised)(cont1): Fixed assets have been accounted for at cost less accumulated depreciation. Cost includes expenditure that is directly attributable to the acquisition of the items. B. Depreciation: Depreciation is calculated and charged under diminishing balance method on all fixed assets other than land and land development. Depreciation on current year's addition is charged on day basis as and when the assets are ready for operation. The costs of the day-to-day servicing of Property, Plant and Equipment are recognized in the income statement as incurred.(cont2)
2018-12-04: Auditor's Opinion (Revised)
MATINSPINN(Revised): The auditor of Matin Spinning Mills Ltd. has given the following emphasis of matter in the audit report of the Company for the year ended on 30 June 2018:''Emphasis of Matter: Without qualifying our opinion, we draw our attention to the note #3.07 to the financial statements wherein the company disclosed the methods of charging depreciation on Property, Plant and Equipment. 3.07 Property, plant and equipment. A. Recognition and Measurement: The cost of an item of property, plant and equipment shall be recognized as an asset if and only if it is probable that the future economic benefit associated with the item will flow to the entity, and the cost of the item can be measured reliably.(cont1)
2018-12-03: Auditor's Opinion
MATINSPINN: The auditor of Matin Spinning Mills Ltd. has given the following emphasis of matter in the audit report of the Company for the year ended on 30 June 2018:''Emphasis of Matter: Without qualifying our opinion, we draw our attention to the note #3.07 to the financial statements wherein the company disclosed about the methods of charging depreciation on Property, Plant and Equipment. ''
2018-11-28: Record Date tomorrow (29.11.2018)
MATINSPINN: Trading of the shares of Matin Spinning Mills Ltd. will remain suspended on its record date i.e., 29.11.2018. Trading of the shares of the Company will resume on 02.12.2018.
2018-11-26: Spot trade from tomorrow (27.11.2018)
MATINSPINN: Trading of the shares of Matin Spinning Mills Ltd. will be allowed only in the Spot Market from 27.11.2018 to 28.11.2018 as the record date of the Company is on 29.11.2018.
2018-11-05: Un-audited Financial Statements
MATINSPINN: (Quarter 1) As per un-audited financial statements of Matin Spinning Mills Ltd., EPS was Tk. 0.59 for July-September 2018 as against Tk. 0.54 for July-September 2017; NOCFPS was Tk. 1.22 for July-September 2018 as against Tk. (1.17) for July-September 2017. NAV per share (with Revaluation reserves) was Tk. 44.19 as on September 30, 2018 and Tk. 43.63 as on June 30, 2018.
2018-11-05: Decision to purchase Gas Generators
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board of Directors has approved purchase of 03 (three) Gas Generators for increasing captive power generation using the expected additional supply of Gas for saving over existing power cost. Total cost of Generators and installation cost is estimated at Tk. 23,15,40,000/-. After installation of the new Generators, the company is expected to save Tk. 7.50 crore (approx.) per year.
2018-11-05: CB free
MATINSPINN: Please note that there will be no price limit today 05 November 2018 on the trading of shares of the Company following its corporate disclosure.
2018-11-05: Recommendation of Dividend
MATINSPINN: The Board of Directors has recommended 17% Cash Dividend for the year ended on June 30, 2018. Date of AGM: 13.12.2018, Time: 11:00 AM, Venue: Factory Premises of Matin Spinning Mills Ltd. at Sardaganj, Kashimpur, Gazipur. Record date: 29.11.2018. The Company has also reported EPS of Tk. 3.10, NAV per share with revaluation reserve of Tk. 43.63, and NOCFPS of Tk. 5.64 for the year ended on June 30, 2018 as against Tk. 2.68, Tk. 41.99 and Tk. 2.50 respectively for the same period of the previous year.
2018-10-25: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on November 04, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) periods ended on September 30, 2018.
2018-10-25: Board Meeting
MATINSPINN: Matin Spinning Mills Ltd. has informed that the Board Meeting of the Company will be held on November 04, 2018 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
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