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AZIZPIPES

All Eps Dividend Board Agm Q1 Q2 Q3

AZIZPIPES 15-May-2014

(continuation of news of AZIZPIPE): In our opinion, production capacity must be utilized at the optimum level to strengthen the financial position of the company. Further, it is mentioned that as of 31 December 2013 the cumulative balance of retained earning stands on negative balance amounting to Tk. 434,685,034 and indebted to the extent of Tk. 615,017,986 consisting of loan fund and current liabilities. All these facts indicate significant uncertainty as to the company's ability to repay the liabilities. 2. Cost of Goods Sold (COGS): The cost of goods sold represents 90.32% of the total turnover, which is the higher side and it was also 90.86% in the last year. (cont.-2)

AZIZPIPES 15-May-2014

(Audit Observation): The auditor of the company has given the following audit observation paragraph in the audit report of the company for the year ended on 31 December 2013: Audit observations: 1. Utilization of production capacity and ability of the company to pay debt: The production capacity position of the company is very poor which was decreased than the last year by 9.44%. Total utilization of attainable capacity of the company is only 38.59%, which was 48.03% at previous year. The management of the company opined that the shortfall was made due to reduce demand emanated from general economic downturn, shortage of working capital and no-availability of banking support due to sub-judice matter. (cont.-1)

AZIZPIPES 06-May-2014

Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle from 07.05.2014 to 20.05.2014. Trading of the shares of the Company will remain suspended on record date i.e., 21.05.2014.

AZIZPIPES 30-Apr-2014

(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2014 (Jan'14 to March'14), the Company has reported net profit after tax of Tk. 0.80 million with EPS of Tk. 0.17 as against Tk. 2.20 million and Tk. 0.45 respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (433.88) million as on 31.03.2014 resulting total shareholders' equity stands at Tk. (209.91) million.

AZIZPIPES 30-Apr-2014

The Board of Directors did not recommend any dividend for the year ended on December 31, 2013. Date of AGM: 26.06.2014, Time: 10:00 AM, Venue: Trust Milonayatan, 545, Old Airport Road, Dhaka Cantonment, Dhaka. Record Date: 21.05.2014. The Company has also reported EPS of Tk. 0.14, NAV per share of Tk. (43.45) and NOCFPS of Tk. 4.35 for the year ended on December 31, 2013 as against Tk. 0.39, Tk. (42.04) and Tk. 1.76 respectively for the year ended on December 31, 2012.

AZIZPIPES 24-Apr-2014

As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on April 29, 2014 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2013.

AZIZPIPES 10-Dec-2013

In response to a DSE query dated December 09, 2013, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

AZIZPIPES 29-Oct-2013

(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2013 (July'13 to Sep'13), the Company has reported net profit/(loss) after tax of Tk. 0.19 million with EPS of Tk. 0.04 as against Tk. (0.63) million and Tk. (0.13) respectively for the same period of the previous year. Whereas net profit after tax was Tk. 2.13 million with EPS of Tk. 0.44 for the period of nine months (Jan'13 to Sep'13) ended on 30.09.2013 as against Tk. 2.53 million and Tk. 0.52 respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (433.24) million as on 30.09.2013 resulting total shareholders' equity stands at Tk. (201.75) million.

AZIZPIPES 23-Oct-2013

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

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