Weaving, R B Textile, Ashraf Textile, Dandy Dying, Eagle Star Textile, Mita Textile, Munno Fabrics, Kashem Silk, Kashem Textile, Sajib Knitwear and Sripur Textile. The accumulated losses of the companies stood at Tk 460.35 crore over the years, according to data. Individual investors- most of whom are small investors, are being deprived of dividend for years as a result of negative profits of the firms. Apex Weaving incurred losses of Tk 54.66 crore over the last six years. The company didn’t offer any dividend to shareholders during that period. Apex Weaving was enlisted in the capital market in 1995 with Tk 75 crore authorised capital and Tk 38.85 crore paid-up capital. Each share of the company is being trade at Tk 6 against the face value of Tk 10. Losses incurred by R.B. Textile stood at Tk 38.34 crore in last 24 years. The company didn’t award any dividend since it stock market enlistment in 1990. The company’s authorised and paid-up capital were Tk 10 crore and Tk 4.34 crore respectively. R.B. Textile’s share is trading at Tk 7.5 each against its face value of Tk 10. Ashraf Textile’s total losses reached Tk 31.81 crore. The company was enlisted in the capital market in 1983 with authorised and paid-up capital of Tk 12.50 crore and Tk 10.50 crore respectively. In the last 10 years, the company didn’t award any dividend to its shareholders. Losses incurred by Dandy Dying stand at Tk 14.88 crore. Dandy Dying was enlisted in the stocks in 1995 with authorised and paid-up capital of Tk 50 crore and Tk 6.20 crore respectively. In the last 13 years, the company didn’t offer any dividend. The current price of its share is Tk 5.8 against the face value of Tk 10. Eagle Star Textile’s accumulated losses reached Tk 22.57 crore over the years. The company’s authorised and paid-up capital was Tk 25 crore and Tk 5.28 crore respectively when it enlisted itself in the stock exchange in 1987. The company didn’t award any dividend to its shareholders since its stock enlistment. Eagle Star Textile’s share was trading at Tk 9 against the face value of Tk 10. Mita Textile incurred total losses of Tk 20.34 crore. The company offered 3 percent cash dividend to the shareholders in 2005. The accumulated losses of Monno Fabrics stand at Tk 186.41 crore. The company offered dividend in 2007. Kashem Silk and Kashem Textile incurred losses of Tk 2.33 crore and Tk 9.5 crore respectively, according to DSE data. Shares of these two companies are being traded at Tk 6.5 and Tk 8.1 each respectively. Sajib Knitwear suffered losses of Tk 7.25 crore. In last eight years from 2006 to 2013, the company didn’t award any dividend to the shareholders. The company offered 10 percent cash dividend in 2014. Losses incurred by Sripur Textile loss stand at Tk 72.68 crore. The company didn’t announce any dividend since its enlistment in the capital market in 1996, according to DSE data.
Tuesday, December 23, 2014
Textile stocks trading below face value:Daily Sun
Weaving, R B Textile, Ashraf Textile, Dandy Dying, Eagle Star Textile, Mita Textile, Munno Fabrics, Kashem Silk, Kashem Textile, Sajib Knitwear and Sripur Textile. The accumulated losses of the companies stood at Tk 460.35 crore over the years, according to data. Individual investors- most of whom are small investors, are being deprived of dividend for years as a result of negative profits of the firms. Apex Weaving incurred losses of Tk 54.66 crore over the last six years. The company didn’t offer any dividend to shareholders during that period. Apex Weaving was enlisted in the capital market in 1995 with Tk 75 crore authorised capital and Tk 38.85 crore paid-up capital. Each share of the company is being trade at Tk 6 against the face value of Tk 10. Losses incurred by R.B. Textile stood at Tk 38.34 crore in last 24 years. The company didn’t award any dividend since it stock market enlistment in 1990. The company’s authorised and paid-up capital were Tk 10 crore and Tk 4.34 crore respectively. R.B. Textile’s share is trading at Tk 7.5 each against its face value of Tk 10. Ashraf Textile’s total losses reached Tk 31.81 crore. The company was enlisted in the capital market in 1983 with authorised and paid-up capital of Tk 12.50 crore and Tk 10.50 crore respectively. In the last 10 years, the company didn’t award any dividend to its shareholders. Losses incurred by Dandy Dying stand at Tk 14.88 crore. Dandy Dying was enlisted in the stocks in 1995 with authorised and paid-up capital of Tk 50 crore and Tk 6.20 crore respectively. In the last 13 years, the company didn’t offer any dividend. The current price of its share is Tk 5.8 against the face value of Tk 10. Eagle Star Textile’s accumulated losses reached Tk 22.57 crore over the years. The company’s authorised and paid-up capital was Tk 25 crore and Tk 5.28 crore respectively when it enlisted itself in the stock exchange in 1987. The company didn’t award any dividend to its shareholders since its stock enlistment. Eagle Star Textile’s share was trading at Tk 9 against the face value of Tk 10. Mita Textile incurred total losses of Tk 20.34 crore. The company offered 3 percent cash dividend to the shareholders in 2005. The accumulated losses of Monno Fabrics stand at Tk 186.41 crore. The company offered dividend in 2007. Kashem Silk and Kashem Textile incurred losses of Tk 2.33 crore and Tk 9.5 crore respectively, according to DSE data. Shares of these two companies are being traded at Tk 6.5 and Tk 8.1 each respectively. Sajib Knitwear suffered losses of Tk 7.25 crore. In last eight years from 2006 to 2013, the company didn’t award any dividend to the shareholders. The company offered 10 percent cash dividend in 2014. Losses incurred by Sripur Textile loss stand at Tk 72.68 crore. The company didn’t announce any dividend since its enlistment in the capital market in 1996, according to DSE data.
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