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ACFL

All Eps Dividend Board Agm Q1 Q2 Q3

ACFL 16-Nov-2021

(Continuation news of ACFL): The Company carried out transactions with related parties without obtaining necessary Consent from the Bangladesh Securities and Exchange Commission (BSEC). 3. As referred to Note# 8.0 in the financial statements, the Company recorded advances, deposits and prepayments of Tk. 872,596,025 which includes advance against Land purchases of Tk. 123,337,500 and Advance against Land Development Tk. 9,227,119 carry forwarded from last year. (cont.3)

ACFL 16-Nov-2021

(Continuation news of ACFL): Emphasis of Matters: 1. According to IPO Utilization Audit Reports as of February 28, 2021. The company has un-utilized IPO proceeds is Tk.717,498,337 and the Shareholders of Aman Cotton Fibrous limited was approved the revised time line for fund utilization of IPO proceed up to 31st August 2023. 2. As disclosed in Note # 9 to the financial statements, Loan to sister concern shown balance of Tk. 279,637,617. (cont.2)

ACFL 16-Nov-2021

The auditor of the Aman Cotton Fibrous Limited has given the "Qualified Opinion" & "Emphasis of matters" paragraphs in the Auditor's Report for the year ended on 30 June, 2021. Basis for Qualified Opinion: 1. The Bangladesh Labor (amended) act 2013 requires the company to contribute 5% of its net profit to WPPF. The management has ascertained the amount and made necessary provision without any payment. (cont.1)

ACFL 15-Nov-2021

(Q1 Un-audited): EPS was Tk. 0.27 for July-September 2021 as against Tk. 0.30 for July-September 2020; NOCFPS was Tk. 3.13 for July-September 2021 as against Tk. 0.24 for July-September 2020. NAV per share was Tk. 34.99 as on September 30, 2021 and Tk. 34.72 as on June 30, 2021.

ACFL 11-Nov-2021

As per Regulation 16(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 November 14, 2021 at 7:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.

ACFL 01-Nov-2021

There will be no price limit on the trading of the shares of the Company today (01.11.2021) following its corporate declaration.

ACFL 01-Nov-2021

(Continuation news of ACFL): Also noted that Earnings Per Share (EPS) of Tk. 1.25: Sales has been increased this year (2020-2021) to Tk. 1,624,746,802.00 from previous year (2019-2020) of Tk. 981,683,483.00 by 65.50%. Unit sales price of yarn per Kg has been increased also from previous year. (end)

ACFL 01-Nov-2021

(Continuation news of ACFL): The Company also informed that Net operating cash flow per share (NOCFPS) is of Tk. (5.21); Sales of product had been increased in the month of June 2021 but collection was less against sold amount. Advance against opening Letter of Credit (L/C) (margin) had been paid of Tk. 43.20 crore more than previous year. (cont. 3)

ACFL 01-Nov-2021

(Continuation news of ACFL): Date of AGM: 23.12.2021, Time: 11:00 AM, Venue: Digital Platform. Record Date: 22.11.2021. The Company has also reported EPS of Tk. 1.25, NAV per share of Tk. 34.72 and NOCFPS of Tk. (5.21) for the year ended on June 30, 2021 as against Tk. 0.48, Tk. 33.75 (restated) and Tk. 0.21 respectively for the same period of the previous year. (cont. 2)

ACFL 01-Nov-2021

The Board of Directors has recommended 11% cash dividend for general shareholders excluding the Sponsors & Directors for the year ended on June 30, 2021. The Company has also informed that the Sponsors/Directors hold 72,800,000 shares out of total 100,833,333 shares of the Company and the cash dividend to be payable to the public shareholders 2,80,33,333 shares to be payable dividend Tk. 30,836,667.00. (cont. 1)

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