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BDSERVICE

All Eps Dividend Board Agm Q1 Q2 Q3

BDSERVICE 06-Sep-2018

The Company has informed that after receiving of kind consent of the Honarable Prime Minister of the Government of the People's Republic of Bangladesh the Board of Directors has decided to hold the programme of inauguration of InterContinental Dhaka on 13th September 2018 for handing over the hotel to InterContinental Hotels Group (IHG) for their testing and commissioning for making the hotel ready for commercial opening.

BDSERVICE 16-Aug-2018

(Continuation news of BDSERVICE): their testing and commissioning after which they will commence the operation. 4. After handing over the hotel to IHG, they will complete their testing and commissioning as per their procedure and then they will let us know the actual date of resumption of hotel operation." (end)

BDSERVICE 16-Aug-2018

In response to a DSE query regarding Status of operation of their Company, the Company has given the following response: "1. The renovation of the hotel was not completed which is expected to be completed by August 2018. 2. As the renovation is yet to be completed, hotel operation has not yet started. 3. The renovation is still in progress and it is expected to be handed over to IHG in mid - September 2018 for (cont.)

BDSERVICE 30-Apr-2018

(Q3 Un-audited): EPS was Tk. (0.60) for January-March 2018 as against Tk. (0.47) for January-March 2017; EPS was Tk. (3.46) for July 2017-March 2018 as against Tk. (2.43) for July 2016-March 2017. NOCFPS was Tk. (0.62) for July 2017-March 2018 as against Tk. (0.26) for July 2016-March 2017. NAV per share was Tk. 2.63 as on March 31, 2018 and Tk. 6.09 as on June 30, 2017.

BDSERVICE 23-Apr-2018

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 April 26, 2018 at 5:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.

BDSERVICE 18-Feb-2018

(Continuation news of BDSERVICE): Hotel's argument that the earlier imposition of supplementary duty prior to 1 July 2012 has no legal basis. The LTU-VAT has issued a demand notice on same matter claiming additional supplementary duty and VAT on sale of beverages and floor show income of Tk. 12,733,543 for the period from 1 July 2012 to 2013 which has been provided for by the Company. (end)

BDSERVICE 18-Feb-2018

(Continuation news of BDSERVICE): 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 organization of floor show (even for as day of the year). Since this SRO is applicable from 1 July 2012 and clearly spelt out collection of supplementary duty from supply of alcoholic beverage and organization of floor show, management believes that this supports the (Cont. 17)

BDSERVICE 18-Feb-2018

(Continuation news of BDSERVICE): 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. 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 (Cont. 16)

BDSERVICE 18-Feb-2018

(Continuation news of BDSERVICE): 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 a judgement maintaining the demand of VAT LTU. A civil petition number 1425 of 2017 was filed for leave to appeal against this judgement with the appellate Division (Cont. 15)

BDSERVICE 18-Feb-2018

(Continuation news of BDSERVICE): 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 by the hotel for the period from July 2005 to 2009. The Hotel has filed a writ petition on 31 May 2009 with the High Court Division of the (Cont. 14)

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