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BDSERVICE

All Eps Dividend Board Agm Q1 Q2 Q3

BDSERVICE 05-Dec-2019

(Continuation news of BDSERVICE): and supplementary duty from Large Taxpayers Unit (VAT) and additional tax demand from income tax assessing authority, the uncertainties of getting judgment in favour of the Company and management's position on the same. Our opinion is not qualified of this matter. Note: 32: Contingent liabilities and claims: (Cont.6)

BDSERVICE 05-Dec-2019

(Continuation news of BDSERVICE): (2018: BDT 554,504,987) due the renovation work of the hotel for which the Company's Hotel operation had been temporarily suspended, as well incurring loss from the operations of Bangabandhu International Conference Center. After completion of renovation, the Company has been rebranded as InterContinentaI Dhaka and started commercial operations from 1 December 2018 and has started generating operating cash flows to finance its obligations. (Cont.4)

BDSERVICE 05-Dec-2019

(Continuation news of BDSERVICE): foreseeable future. Accordingly,these financial statements have been prepared on going concern basis. Our opinion is not qualified in respect of this matter. Note: 1.8: Going Concern: Notwithstanding the fact that, at 30 June 2019 the Company has a current assets deficit of BDT 1,063,490,563 (2018: BDT 881,324,765), these financial statements are prepared under going concern basis. The Company has incurred net loss of 364,393,077 for the year ended 30 June 2019 to (Cont.3)

BDSERVICE 05-Dec-2019

(Continuation news of BDSERVICE): incurring loss from the operations of Bangabandhu International Conference Center. After completion of renovation, the Company has been rebranded as InterContinental Dhaka and started commercial operations from 1 December 2018 and has started generating operating cash flows to finance its obligations. The Board and management of the company are closely reviewing the matters and determined that the Company has adequate resources to continue its operations for the (Cont.2)

BDSERVICE 05-Dec-2019

Qualified Opinion: Without qualifying our opinion, we draw attention to note 1.8 to the financial statements which indicates that as of 30 June 2019 the company's current liabilities exceeded its current assets by BDT 1,063,490,563 (2018: BDT 881,324,765), as well as incurred net loss of BDT 364,393,077 for the year ended 30 June 2019 (2018: 554,504,987) mainly due to the renovation work for which the Company's Hotel operation is temporarily suspended and (Cont.1)

BDSERVICE 05-Dec-2019

(Continuation news of BDSERVICE): The Board and management of the Company are closely reviewing matters and determined that the Company has adequate resources to continue its operations for the foreseeable future. Accordingly, these financial statements have been prepared on going concern basis. We also draw attention to note 32 to the financial statements where management explains the circumstances of various contingencies and additional claims of value added tax (VAT) (Cont.5)

BDSERVICE 28-Nov-2019

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 01.12.2019 to 11.12.2019. Trading of the shares of the Company will remain suspended on record date i.e., 12.12.2019.

BDSERVICE 25-Nov-2019

(Q1 Un-audited): EPS was Tk. 0.44 for July-September 2019 as against Tk. (2.19) for July-September 2018; NOCFPS was Tk. 1.16 for July-September 2019 as against Tk. 0.78 for July-September 2018. NAV per share was Tk. (1.59) as on September 30, 2019 and Tk. (2.03) as on June 30, 2019.

BDSERVICE 25-Nov-2019

There will be no price limit on the trading of the shares of the Company today (25.11.2019) following its corporate declaration.

BDSERVICE 25-Nov-2019

The Board of Directors has recommended No dividend for the year ended on June 30, 2019. Date of AGM: 26.12.2019, Time: 6:30 PM, Venue: InterContinental Dhaka. Record date: 12.12.2019. The Company has also reported EPS of Tk. (3.73), NAV per share of Tk. (2.03) and NOCFPS of Tk. (2.56) for the year ended on June 30, 2019 as against Tk. (5.67), Tk. 0.42 and Tk. 0.53 respectively for the same period of the previous year.

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