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BIFC

All Eps Dividend Board Agm Q1 Q2 Q3

BIFC 29-Jul-2019

(Q2 Un-audited): EPS was Tk. (2.07) for April-June 2019 as against Tk. (1.65) for April-June 2018; EPS was Tk. (3.78) for January-June 2019 as against Tk. (3.57) for January-June 2018. NOCFPS was Tk. (2.03) for January-June 2019 as against Tk. (2.01) for January-June 2018. NAV per share was Tk. (83.23) as on June 30, 2019 and Tk. (69.97) as on June 30, 2018.

BIFC 22-Jul-2019

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 July 28, 2019 at 5:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2019.

BIFC 18-Jul-2019

(Continuation news of BIFC): (3) Bangladesh Industrial Finance Company Limited (BIFC) invested an amount of Tk. 117,500,000 for unquoted shares at the Banglalion Communication Limited and GMG Airlines Limited and BIFC made 100% provision against those investments. (End)

BIFC 18-Jul-2019

(Continuation news of BIFC): continue as a going concern and therefore the company may be unable to realize its assets and repay its liabilities in the normal course of business. (2) Total outstanding amount Tk. 8,414,821,757 an amount of Tk. 8,096,801,865 has been classified as Bad and Loss as on December 31, 2018 which comprises 96.22% of the total outstanding amount. As a result, all the related financial indicators of this company suffered a serious setback. (cont. 19)

BIFC 18-Jul-2019

(Continuation news of BIFC): Emphasis of Matter: (1) The company has been facing net loss for last three years as a result Returned Earning of Tk. (9,573,969,690), total Shareholder Equity of Tk. (7,998,665,811), Net Liquidity Gap of Tk. (7,998,665,811) are negative balance. Likewise, the investment disbursement amount is very poor. As a result, those circumstances indicate uncertainties that may cast significant doubt on the Company's ability to (cont. 18)

BIFC 18-Jul-2019

(Continuation news of BIFC): (9) Unable to provide Loan Statement: Management of BIFC was unable to provide us 14 Loan statements from different bank as a result, we could not confirm actual liability position of those the loan balance amount of Tk. 2,329,800,264. (10) Unable to provide us Income Tax Refundable Assessment Order: Management of BIFC was unable to provide us the assessment order in support of tax refund (Note-10.04.01) for an amount of Tk. 5,309,867. (cont. 17)

BIFC 18-Jul-2019

(Continuation news of BIFC): Name of the Month: December 2018; Required Balance (5% of total liabilities): Tk. 112,463,547; BIFC Maintained: Tk. 96,965,676; Shortfall: Tk. 105,497,871; Remarks: Deficit of SLR. (8) Unable to Provide Bank Statement: Management of BIFC was unable to provide us 4 Bank statements from different bank and bank reconciliation as a result, we could not verify below mentions bank statement transactions and bank balance amount of Tk.1,901,966,64. (cont. 16)

BIFC 18-Jul-2019

(Continuation news of BIFC): Shortfall: Tk. 100,126,226; Remarks: Deficit of SLR. Name of the Month: September 2018; Required Balance (5% of total liabilities): Tk. 114,029,643; BIFC Maintained: Tk. 104,777,438; Shortfall: Tk. 9,252,205; Remarks: Deficit of SLR. Name of the Month: November 2018; Required Balance (5% of total liabilities): Tk. 121,900,299; BIFC Maintained: Tk. 98,893,353; Shortfall: Tk. 23,006,945; Remarks: Deficit of SLR. (cont. 15)

BIFC 18-Jul-2019

(Continuation news of BIFC): Balance (5% of total liabilities): Tk. 122,361,258; BIFC Maintained: Tk. 105,908,368; Shortfall: Tk. 16,452,890; Remarks: Deficit of SLR. Name of the Month: July 2018; Required Balance (5% of total liabilities): Tk. 116,398,709; BIFC Maintained: Tk. 105,409,834; Shortfall: Tk.10,988,875; Remarks: Deficit of SLR. Name of the Month: August 2018; Required Balance (5% of total liabilities): Tk. 111,349,707; BIFC Maintained: Tk. 11,223,480; (cont. 14)

BIFC 18-Jul-2019

(Continuation news of BIFC): Bangladesh Bank circular. Details are as follows: Name of the Month: March 2018; Required Balance (5% of total liabilities): Tk. 116, 185,608; BIFC Maintained: 113,220,259; Shortfall: 2,965,348; Remarks: Deficit of SLR. Name of the Month: April 2018; Required Balance (5% of total liabilities): Tk. 116,950,386; BIFC Maintained: Tk.105,155,195; Shortfall: Tk. 11,795,190; Remarks: Deficit of SLR. Name of the Month: June 2018; Required (cont. 13)

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