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BDWELDING

All Eps Dividend Board Agm Q1 Q2 Q3

BDWELDING 29-Jan-2018

(Q2 Un-audited): EPS was Tk. (0.17) for October-December, 2017 as against Tk. (0.29) for October-December, 2016; EPS was Tk. (0.32) for July-December, 2017 as against Tk. (0.55) for July-December, 2016. NOCFPS was Tk. (0.45) for July-December, 2017 as against Tk. (0.38) for July-December, 2016. NAV per share was Tk. 11.72 as on December 31, 2017 and Tk. 12.32 as on December 31, 2016.

BDWELDING 23-Jan-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 January 28, 2018 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.

BDWELDING 11-Dec-2017

(Continuation news of BDWELDING): Without qualifying our opinion, we draw attention to a) note # 2.04 to the financial statements in which the management of the company explained its position as to why the financial statements have been prepared on going concern basis. b) note # 22.04, 22.05 & 22.06 to the financial statements in which the management of the company explained the reasons as to why provisions have been made for inventories, receivables and registration and mutation purposes. (end)

BDWELDING 11-Dec-2017

(Continuation news of BDWELDING): inventory record was provided to us during audit. As a result, physical existence of inventory could not be verified. c) Deferred tax has been calculated only on re-valuation surplus and accounted for in the financial statements without taking into consideration the temporary difference amount. d) Unclaimed dividend as per financial statements is Tk. 32,68,007 but no fund exists as such in the financial statements to meet this liability. Emphasis of matter: (cont.3)

BDWELDING 11-Dec-2017

(Continuation news of BDWELDING): of the company is suspended till completion of shifting. Bangladesh Accounting Standards (BASs) 36 requires impairment test of property, plant and equipment and necessary disclosure in this regard, but no such test was carried out by the company. b) The evidence with respect to inventory having a carrying amount of Tk. 205,838,257.00 was limited because we could not observe the counting of physical inventory as of 30 June 2017 as well as no proper (cont.2)

BDWELDING 11-Dec-2017

(Basis for Qualified Opinion and Emphasis of Matter): The auditor of the company has given the following "Basis for Qualified Opinion" and "Emphasis of Matter" Paragraphs in the audit report of the company for the year ended on 30 June 2017: Basis of Qualified Opinion: a) The carrying amount of property, plant and equipment as reported in the financial position as at 30 June 2017 is Tk. 174,207,903.00. The company is shifting its factory from Chittagong to Dhaka. Therefore, the operation (cont.1)

BDWELDING 07-Dec-2017

Trading of the shares of the Company will resume on 10.12.2017 after record date.

BDWELDING 07-Dec-2017

(Q1 Un-audited): EPS was Tk. (0.15) for July-September, 2017 as against Tk. (0.29) for July-September, 2016; NOCFPS was Tk. (0.42) for July-September, 2017 as against Tk. (0.27) for July-September, 2016. NAV per share was Tk. 11.89 as on September 30, 2017 and Tk. 12.59 as on September 30, 2016.

BDWELDING 06-Dec-2017

Trading of the shares of the Company will remain suspended on record date i.e., 07.12.2017.

BDWELDING 28-Nov-2017

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 December 06, 2017 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2017.

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