Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Rafiuddin Ahmed was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Apr 20
Hakkani Pulp & Paper Mills PLC. to Report Q3, 2026 Results on Apr 25, 2026 Hakkani Pulp & Paper Mills PLC. announced that they will report Q3, 2026 results on Apr 25, 2026 Annonce • Jan 19
Hakkani Pulp & Paper Mills PLC. to Report Q2, 2026 Results on Jan 24, 2026 Hakkani Pulp & Paper Mills PLC. announced that they will report Q2, 2026 results on Jan 24, 2026 Annonce • Nov 04
Hakkani Pulp & Paper Mills PLC. to Report Q1, 2026 Results on Nov 08, 2025 Hakkani Pulp & Paper Mills PLC. announced that they will report Q1, 2026 results on Nov 08, 2025 Annonce • Oct 29
Hakkani Pulp & Paper Mills plc announces Annual dividend, payable on January 19, 2026 Hakkani Pulp & Paper Mills plc announced Annual dividend of BDT 0.5000 per share payable on January 19, 2026, ex-date on November 18, 2025 and record date on November 17, 2025. Annonce • Oct 28
Hakkani Pulp & Paper Mills PLC., Annual General Meeting, Dec 20, 2025 Hakkani Pulp & Paper Mills PLC., Annual General Meeting, Dec 20, 2025, at 11:00 Central Asia Standard Time. Location: hybrid system, grand tasfia convention hall, anandipur, p.c. road, chattogram., Bangladesh Annonce • Oct 21
Hakkani Pulp & Paper Mills PLC. to Report Fiscal Year 2025 Results on Oct 27, 2025 Hakkani Pulp & Paper Mills PLC. announced that they will report fiscal year 2025 results on Oct 27, 2025 Annonce • Apr 25
Hakkani Pulp & Paper Mills PLC. to Report Q3, 2025 Results on Apr 29, 2025 Hakkani Pulp & Paper Mills PLC. announced that they will report Q3, 2025 results on Apr 29, 2025 Annonce • Jan 28
Hakkani Pulp & Paper Mills Limited to Report Q2, 2025 Results on Feb 01, 2025 Hakkani Pulp & Paper Mills Limited announced that they will report Q2, 2025 results on Feb 01, 2025 Reported Earnings • Nov 13
First quarter 2025 earnings released: EPS: ৳0.03 (vs ৳0.015 in 1Q 2024) First quarter 2025 results: EPS: ৳0.03 (up from ৳0.015 in 1Q 2024). Revenue: ৳293.1m (up 11% from 1Q 2024). Net income: ৳475.4k (up 62% from 1Q 2024). Profit margin: 0.2% (up from 0.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ৳43.70, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 15x in the Forestry industry in Asia. Total loss to shareholders of 25% over the past three years. Annonce • Oct 31
Hakkani Pulp & Paper Mills Limited, Annual General Meeting, Dec 21, 2024 Hakkani Pulp & Paper Mills Limited, Annual General Meeting, Dec 21, 2024, at 11:00 Central Asia Standard Time. Location: hybrid system, venue for physical presence:, grand tasfia convention hall, anandipur, pc road, chattogram., Bangladesh Declared Dividend • Oct 30
Dividend of ৳0.20 announced Dividend of ৳0.20 is the same as last year. Ex-date: 17th November 2024 Payment date: 20th January 2025 Dividend yield will be 0.5%, which is lower than the industry average of 3.7%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 3%. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ৳40.70, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 15x in the Forestry industry in Asia. Total loss to shareholders of 33% over the past three years. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (৳1.10b market cap, or US$9.18m). New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bangladeshi stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Market cap is less than US$10m (৳932.9m market cap, or US$7.91m). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • May 18
Third quarter 2024 earnings released: ৳0.31 loss per share (vs ৳0.12 profit in 3Q 2023) Third quarter 2024 results: ৳0.31 loss per share (down from ৳0.12 profit in 3Q 2023). Revenue: ৳252.3m (down 25% from 3Q 2023). Net loss: ৳5.88m (down 363% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Apr 26
Hakkani Pulp & Paper Mills Limited to Report Q3, 2024 Results on Apr 29, 2024 Hakkani Pulp & Paper Mills Limited announced that they will report Q3, 2024 results on Apr 29, 2024 New Risk • Mar 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ৳1.08b (US$9.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Market cap is less than US$10m (৳1.08b market cap, or US$9.86m). Reported Earnings • Feb 20
Second quarter 2024 earnings released: EPS: ৳0.32 (vs ৳0.37 loss in 2Q 2023) Second quarter 2024 results: EPS: ৳0.32 (up from ৳0.37 loss in 2Q 2023). Revenue: ৳299.5m (flat on 2Q 2023). Net income: ৳6.16m (up ৳13.2m from 2Q 2023). Profit margin: 2.1% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annonce • Feb 05
Hakkani Pulp & Paper Mills Limited Appoints Md. Golam Rasul Muktadir as Chairman Hakkani Pulp & Paper Mills Limited announced that the Board of Directors has elected Mr. Md. Golam Rasul Muktadir as Chairman of the company with effect from February 03, 2024. Annonce • Jan 30
Hakkani Pulp & Paper Mills Limited to Report Q2, 2024 Results on Feb 03, 2024 Hakkani Pulp & Paper Mills Limited announced that they will report Q2, 2024 results on Feb 03, 2024 New Risk • Jan 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ৳1.08b (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Market cap is less than US$10m (৳1.08b market cap, or US$9.90m). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • Nov 21
First quarter 2024 earnings released: EPS: ৳0.015 (vs ৳0.45 loss in 1Q 2023) First quarter 2024 results: EPS: ৳0.015 (up from ৳0.45 loss in 1Q 2023). Revenue: ৳263.6m (up 30% from 1Q 2023). Net income: ৳292.9k (up ৳8.84m from 1Q 2023). Profit margin: 0.1% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 19
Upcoming dividend of ৳0.20 per share at 0.3% yield Eligible shareholders must have bought the stock before 26 November 2023. Payment date: 28 January 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Lower than average of industry peers (2.0%). New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bangladeshi stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-৳63m free cash flow). Earnings have declined by 8.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (৳1.28b market cap, or US$11.5m). Annonce • Oct 28
Hakkani Pulp & Paper Mills Limited to Report Fiscal Year 2023 Results on Nov 04, 2023 Hakkani Pulp & Paper Mills Limited announced that they will report fiscal year 2023 results on Nov 04, 2023 Reported Earnings • Jan 31
Second quarter 2023 earnings released: ৳0.37 loss per share (vs ৳0.38 loss in 2Q 2022) Second quarter 2023 results: ৳0.37 loss per share (improved from ৳0.38 loss in 2Q 2022). Revenue: ৳298.5m (up 225% from 2Q 2022). Net loss: ৳7.03m (loss narrowed 1.4% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Dec 10
Third quarter 2022 earnings released: ৳0.20 loss per share (vs ৳0.43 loss in 3Q 2021) Third quarter 2022 results: ৳0.20 loss per share (improved from ৳0.43 loss in 3Q 2021). Revenue: ৳191.6m (up 123% from 3Q 2021). Net loss: ৳3.71m (loss narrowed 55% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 20
Upcoming dividend of ৳0.10 per share Eligible shareholders must have bought the stock before 27 November 2022. Payment date: 16 January 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (2.1%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Chairman Mohammed Abdullah was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Nov 08
Hakkani Pulp & Paper Mills Limited Recommends Cash Dividend for the Year Ended June 30, 2022 Hakkani Pulp & Paper Mills Limited has recommended 1% cash dividend for general shareholders other than Sponsors/Directors for the year ended June 30, 2022. Reported Earnings • May 22
Third quarter 2022 earnings released: ৳0.20 loss per share (vs ৳0.43 loss in 3Q 2021) Third quarter 2022 results: ৳0.20 loss per share (up from ৳0.43 loss in 3Q 2021). Revenue: ৳191.6m (up 123% from 3Q 2021). Net loss: ৳3.71m (loss narrowed 55% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Chairman Mohammed Abdullah was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 16
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: ৳0.38 loss per share (up from ৳0.46 loss in 2Q 2021). Revenue: ৳91.7m (down 19% from 2Q 2021). Net loss: ৳7.13m (loss narrowed 18% from 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Dec 10
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: ৳0.43 loss per share (down from ৳0.34 loss in 3Q 2020). Revenue: ৳86.0m (down 41% from 3Q 2020). Net loss: ৳8.22m (loss widened 26% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 29
Upcoming dividend of ৳0.10 per share Eligible shareholders must have bought the stock before 06 December 2021. Payment date: 26 January 2022. Trailing yield: 0.2%. Lower than top quartile of Bangladeshi dividend payers (3.0%). Lower than average of industry peers (2.3%). Reported Earnings • May 11
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ৳86.0m (down 9.8% from 3Q 2020). Net loss: ৳8.22m (down 257% from profit in 3Q 2020). Annonce • Feb 01
Hakkani Pulp & Paper Mills Limited Names Golam Kibria as Managing Director Hakkani Pulp & Paper Mills Limited announced that Mr. Md. Golam Kibria has been appointed as Managing Director of the Company with effect from January 30, 2021. Reported Earnings • Feb 01
Second quarter 2021 earnings released: ৳0.46 loss per share (vs ৳0.25 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: ৳112.9m (down 18% from 2Q 2020). Net loss: ৳8.70m (loss widened 81% from 2Q 2020). Upcoming Dividend • Nov 29
Upcoming Dividend of ৳0.20 Per Share Will be paid on the 28th of January to those who are registered shareholders by the 6th of December. The trailing yield of 0.3% is below the top quartile of Bangladeshi dividend payers (3.8%), and is lower than industry peers (2.1%). Annonce • Nov 16
Hakkani Pulp & Paper Mills Limited, Annual General Meeting, Dec 29, 2020 Hakkani Pulp & Paper Mills Limited, Annual General Meeting, Dec 29, 2020, at 11:00 Bangladesh Standard Time. Agenda: To recommend 2% cash dividend for general shareholders other than sponsors shareholders for the year ended on June 30, 2020. Annonce • Nov 10
Hakkani Pulp & Paper Mills Limited to Report Fiscal Year 2020 Results on Nov 14, 2020 Hakkani Pulp & Paper Mills Limited announced that they will report fiscal year 2020 results on Nov 14, 2020 Annonce • Jul 19
Hakkani Pulp & Paper Mills Limited to Report Q3, 2020 Results on Jul 21, 2020 Hakkani Pulp & Paper Mills Limited announced that they will report Q3, 2020 results on Jul 21, 2020 
