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BBS

All Eps Dividend Board Agm Q1 Q2 Q3

BBS 11-Nov-2020

(cont. of BBS): 02. As referred in note: 8.00 in the financial statements, Inventories were carried at BDT 979,759,504 at the reporting date. Inventories were physically verified at the reporting date. The company did not consider obsolete and damaged items during valuation and valuation of finished goods has been done at selling price. As a result, closing inventories are overstated. (cont.3)

BBS 11-Nov-2020

(cont. of BBS): But the company did not keep any provision in the financial statements for fulfilment of warranty obligation. As a result the revenue is overstated. (cont 2)

BBS 11-Nov-2020

The auditor of the Bangladesh Building Systems Ltd. has given the Qualified Opinion & Emphasis of Matter paragraphs in the Auditor?s Report for the year ended on 30 June 2020. Qualified Opinion: 01.The Company has taken full contract price as revenue which non-compliance with the requirement of IFRS: 15 Revenue from Contracts with Customers.In most of the contracts with parties there is a warranty clause.(cont. 1)

BBS 11-Nov-2020

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle from 12.11.2020 to 15.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 16.11.2020.

BBS 09-Nov-2020

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 12, 2020 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.

BBS 25-Oct-2020

There will be no price limit on the trading of the shares of the Company today (25.10.2020) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

BBS 25-Oct-2020

Continuation news of BBS): ii) Bonus share is declared out of accumulated profit. iii) Bonus share is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance. (end)

BBS 25-Oct-2020

(Continuation news of BBS): The Company also informed that EPS decreased due to decreased of revenue and effects of COVID-19, NOCFPS increased due to increase of payment compared to the sales and collection. The Board has also approved Tk. 77,585,587 for BMRE, Machineries and land purchases Business Expansion. The Company has also informed that i) Bonus shares has been recommended in view to utilize its retained amount as capital for business expansion. (cont.2)

BBS 25-Oct-2020

The Board of Directors has recommended 5% cash and 5% stock dividend for the year ended on June 30, 2020. Date of AGM: 24.12.2020, Time: 12:30 PM, Venue: Digital Platform. Record date: 16.11.2020. The Company has also reported EPS of Tk. 0.70, NAV per share of Tk. 15.70 and NOCFPS of Tk. (0.66) for the year ended on June 30, 2020 as against Tk. 1.80 (restated), Tk. 15.00 (restated) and Tk. 0.31 (restated) respectively for the same period of the previous year. (cont.1)

BBS 15-Oct-2020

As per Regulation 19(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 October 22, 2020 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

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