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AZIZPIPES

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AZIZPIPES 25-Mar-2015

In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

AZIZPIPES 03-Dec-2014

In response to a CSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

AZIZPIPES 03-Dec-2014

(Repeat):(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2014 (July'14 to Sep'14), the Company has reported net profit/(loss) after tax of Tk. (2.49) million with EPS of Tk. (0.51) as against Tk. 0.19 million and Tk. 0.04 respectively for the same period of the previous year. Whereas net profit/(loss) after tax was Tk. (1.37) million with EPS of Tk. (0.28) for the period of nine months (Jan'14 to Sep'14) ended on 30.09.2014 as against Tk. 2.13 million and Tk. 0.44 respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (436.05) million as on 30.09.2014 resulting total shareholders' equity stands at Tk. (212.08) million.

AZIZPIPES 10-Nov-2014

In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

AZIZPIPES 21-Jul-2014

(H/Y): As per un-audited half yearly accounts as on 30.06.2014 (Jan'14 to June'14), the Company has reported net profit after tax of Tk. 1.02 million with EPS of Tk. 0.21 as against Tk. 1.94 million and Tk. 0.40 respectively for the same period of the previous year. Whereas net profit/(loss) after tax was Tk. 0.21 million with EPS of Tk. 0.04 for the period of 3 months (Apr'14 to June'14) ended on 30.06.2014 as against Tk. (0.27) million and Tk. (0.05) respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (433.67) million as on 30.06.2014 resulting total shareholders' equity stands at Tk. (209.69) million.

AZIZPIPES 03-Jul-2014

In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

AZIZPIPES 21-May-2014

Normal trading of the shares of the Company will resume on 22.05.2014 after record date.

AZIZPIPES 20-May-2014

Trading of the shares of the Company will remain suspended on record date i.e., 21.05.2014.

AZIZPIPES 15-May-2014

(continuation of news of AZIZPIPE): 6. Loan Fund: The company has continuously been defaulting in payment of instalment against short-term loan and cash credit from Uttara Bank Limited, Dutch Bangla Bank Limited and National Bank Limited, which included in Note-13, 14 & 15. The company is under process of negotiation for restructuring with those financial institutions. Both the company and Uttara Bank Limited, Dutch Bangla Bank Limited and National Bank Limited have gone into litigation to mitigate their respective grievances and such no interest has been charged during the year against those loans. However, the company management should take pragmatic actions to negotiate the matter as early as possible. (End)

AZIZPIPES 15-May-2014

(continuation of news of AZIZPIPE): In our opinion for steady profit of the company the cost of goods sold ratio to turnover should be reduced as much as possible and also sales price of the product should be re-fixed. 3. Deferred taxation: The company recognised no deferred taxation in accordance with Paragraph 47 of BAS 12. 4. Pre-Production Expense: During the year the company has amortised Tk. 1,000,000 against Pre-Production Expenses. We feel that entire rest of the amount should be written off immediately. 5. Revaluation Reserve: The company has not been charging depreciation on the additional value resulting from revaluation of fixed assets as required by BAS 16. (cont.-3)

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