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BSC

All Eps Dividend Board Agm Q1 Q2 Q3

BSC 25-May-2014

(continuation of news of BSC): 2. As disclosed in note # 15 to the financial statements, BSC operates a defined benefit plan for gratuity scheme and makes provision as per the corporation's policy. But no actuarial valuation as per BAS 19 has been done, and hence it is not possible to confirm whether the yearned provision agrees with, or approximates to, the provision that would have been required by actuarial valuation. 3. An amount of Tk. 24,445,441 receivable from 70 parties have been carried forward since the year 2007 under the head Sundry Debtors C/A Tk. 759,197,256. It is very unlikely that these amounts will be recovered but no provision has been made against such doubtful debts as per BAS 8. (cont.-2)

BSC 25-May-2014

(Qualified Opinion): The auditor of the company has given the following Qualified Opinion in the audit report of the company for the year ended on 30 June 2013: "Qualified Opinion" 1. Deferred taxes on temporary difference on PPE and gratuity provision have been considered for deferred tax calculation. However, these items were neither recognised in profit and loss as per para 58 and nor recognised outside profit or loss 61A of IAS 12 Income taxes and we are not in a position to calculate the amount to be charged in profit or loss and outside profit or loss i.e. directly in equity. (cont.-1)

BSC 04-May-2014

The Corporation has informed that it took an arrangement in last September 2011 to purchase 6 new ships (3 of Product oil Tanker and 3 of Bulk Carrier) through China National Machinery Imp. & Exp. Corp. (CMC), China on the basis of Govt. to Govt. by China Exim Bank under Preferential/Concessional loan at the value of USD 184.50 million. In line with that process, an agreement between CMC, China and BSC has been signed on 30.04.2014 in regarding building of ships.

BSC 28-Apr-2014

Normal trading of the shares of the Company will resume on 29.04.2014 after record date.

BSC 27-Apr-2014

Trading of the shares of the Company will remain suspended on record date i.e., 28.04.2014.

BSC 23-Apr-2014

Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 24.04.2014 to 27.04.2014. Trading of the shares of the Company will remain suspended on record date i.e., 28.04.2014.

BSC 17-Apr-2014

The Board of Directors has recommended 10% cash dividend (i.e. Tk. 10.00 per share of Tk. 100.00 each) for the year ended on June 30, 2013. Date of AGM: 21.06.2014, Time: 11:00 AM, Venue: "Shaheed Mohammad Fazlur Rahman Munshi Auditorium", Chittagong Port Area, Chittagong. Record date: 28.04.2014. The Company has also reported net profit of Tk. 16.30 million, Basic EPS of Tk. 1.97, Diluted EPS of Tk. 1.21, NAV per share of Tk. 1,045.00 and NOCFPS of Tk. (14.39) for the year ended on June 30, 2013.

BSC 10-Apr-2014

(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2014 (Jan'14 to March'14), the Company has reported profit after tax of Tk. 73.92 million with EPS of Tk. 5.43 as against Tk. 73.62 million and Tk. 8.90 respectively for the same period of the previous year. Whereas profit/(loss) after tax was Tk. 239.86 million with EPS of Tk. 17.61 for the period of nine months (July'13 to March'14) ended on 31.03.2014 as against Tk. (135.12) million and Tk. (16.33) respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (1,971.01) million as on 31.03.2014.

BSC 09-Apr-2014

The Company has further informed that due to unavoidable circumstances, the meeting of the Board of Directors of the Company will now be held on April 16, 2014 at 6:30 PM instead of April 13, 2014 to consider, among others, audited financial statements of the Company for the year ended on June 30, 2013.

BSC 06-Apr-2014

As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on April 13, 2014 at 7:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2013.

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