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BDSERVICE

All Eps Dividend Board Agm Q1 Q2 Q3

BDSERVICE 02-Feb-2020

(Continuation news of BDSERVICE): The Company also informed that overall financial condition positive due to start the hotel operation under the brand name of Hotel Intercontinental Dhaka. (end)

BDSERVICE 02-Feb-2020

(Q2 Un-audited): EPS was Tk. 1.23 for October-December 2019 as against Tk. (2.53) for October-December 2018. EPS was Tk. 1.67 for July-December 2019 as against Tk. (4.72) for July-December 2018. NOCFPS was Tk. 2.80 for July-December 2019 as against Tk. (1.46) for July-December 2018. NAV per share was Tk. (0.36) as on December 31, 2019 and Tk. (2.03) as on June 30, 2019. (cont.)

BDSERVICE 28-Jan-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 January 30, 2020 at 6:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2019.

BDSERVICE 12-Dec-2019

Trading of the Shares of the Company will resume on 15.12.2019 after record date.

BDSERVICE 11-Dec-2019

Trading of the shares of the Company will remain suspended on record date i.e., 12.12.2019.

BDSERVICE 05-Dec-2019

(Continuation news of BDSERVICE): organization of floor show (even for a day of the year). Since this SRO is applicable from 1 July 2012 to 30 June 2013 which has been provided for by the Company. (end)

BDSERVICE 05-Dec-2019

(Continuation news of BDSERVICE): Since this is an industry-wide issue involving a number of other five star hotels, management is also discussing this matter with other stakeholders. It is worthwhile to note that an amendment has been made vide SRO No 184-Law/2012/642 dated 7 June 2012 whereby supplementary duty @10% has been imposed on Hotel and Restaurants on income received from supply of alcoholic beverages and (Cont.23)

BDSERVICE 05-Dec-2019

(Continuation news of BDSERVICE): a judgment maintaining the demand of VAT LTU. A civil petition number 1425 of 2017 was filed for leave to appeal against this judgment with the Appellate Division of the Supreme Court of Bangladesh. However, as per an order dated 13 September 2017 the civil petition has been dismissed. The Hotel management are reviewing the matter and discussing with competent lawyers to decide next course of action. (Cont.22)

BDSERVICE 05-Dec-2019

(Continuation news of BDSERVICE): by the Hotel for the period from July 2005 to June 2009. The Hotel has filed a writ petition on 31 May 2009 with the High Court Division of the Supreme Court of Bangladesh challenging validity of the alleged claim by VAT LTU. Other five star hotels operating in Bangladesh at that time also received similar demands from VAT LTU and they also filed their respective writ petitions. On 10 September 2017, the High Court Division has passed (Cont.21)

BDSERVICE 05-Dec-2019

(Continuation news of BDSERVICE): also provide in-house restaurant services, supplementary duty shall be paid on receipts from supply of alcoholic beverages and organization of floor show. The said letter also claimed that since the Hotel has in-house restaurants where alcoholic beverages are served and also floor show is organized, supplementary duty shall be payable on such receipts. The letter further alleged that total supplementary duty of Tk 188,390,994 is payable (Cont.20)

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