Mozaffar Hossain Spinning Mills Limited (MHSML) has decided to make a partial shutdown of the production capacity due to construction works.
"The company has informed that under BMRE, (Ring) construction works of Mozaffar Hossain Spinning Mills are ongoing and shipments of some machinery are already done," said an official disclosure on Sunday.
"It is needed to re-structure utility as well as modification is needed at the existing unit to prepare the site for installation set up of the machinery," according to the disclosure.
As such, management had decided to make a partial shutdown (50 per cent of the capacity) for the time being.
The company has also informed that the machine at rotor unit will be shut at 50 per cent capacity with effect from Sunday.
Each share of the company, which was listed on the Dhaka bourse in 2014, closed at Tk 16.50 on Sunday, registering an increase of 5.10 per cent over the previous session.
The company has reported earnings per share (EPS) for January-March 2018 at Tk 0.13 as against Tk 0.79 for January-March 2017.
In nine months for July 2017-March 2018, the EPS was Tk 0.65 as against Tk. 1.95 for July 2016-March 2017.
The net operating cash flow per share (NOCFPS) was Tk 0.55 for July 2017-March 2018 as against Tk 1.27 for July 2016-March 2017.
The net asset value (NAV) per share was Tk 17.51 as on March 31, 2018 and Tk 16.86 as on June 30, 2017.
In 2017, the company disbursed 5.0 per cent stock dividend. In, 2016, it also paid 5.0 per cent cash dividend.
The company's paid-up capital is Tk 942.98 million and authorised capital is Tk 3.0 billion while the total number of securities is 94.29 million.
The sponsor-directors own 39.61 per cent stake in the company, while the institutional investors 27.95 per cent, foreign 0.08 per cent and the general public 32.36 per cent as on March 31, 2018, the DSE data shows.
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