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BSRMSTEEL

All Eps Dividend Board Agm Q1 Q2 Q3

BSRMSTEEL 24-Oct-2021

(Continuation news of BSRMSTEEL): V) Total Income Tax expense has decreased by 19.52% from BDT 1,083.00 mn to BDT 872.00 ml due to impact of deferred tax. (end)

BSRMSTEEL 24-Oct-2021

(Continuation news of BSRMSTEEL): Since investment in associate has converted to investment in financial asset, the company has to record this asset at fair value as per requirement of lAS28. At the time of derecognition of investment in Associates, BSRM Steels limited recognized gain/loss (difference between fair value and carrying amounts) in profit & loss accounts. For this reason, the company recorded loss (1,012,671,667). (cont. 4)

BSRMSTEEL 24-Oct-2021

(Continuation news of BSRMSTEEL): iii) The Company's financial expenses were decreased as compared to the previous year, primarily for reduction of interest rate and stimulus package. Due to low rate of interest, the Company have paid less interest on time and demand loan and syndicate loan compared to previous year. iv) Now BSRM Steel Mills Limited is no longer associate company of BSRM Steels Limited. It is financial asset as per IFRS 9. (cont. 3)

BSRMSTEEL 24-Oct-2021

(Continuation news of BSRMSTEEL): The analysis of major items of the financial statements are given below: i) During this year total revenue was increased as compared to previous year due to increase in sales volume and selling price. ii) The Company's operating Selling and Distribution expenses was decreased as compared to the previous year, primarily due to decrease in Advertisement and Marketing expenses in this pandemic situation. (cont. 2)

BSRMSTEEL 24-Oct-2021

The Company has further informed that the operating and financial review is intended to convey the Management's perspective on the financial and operating performance of the Company. During the year under review, the Company recorded a profit after tax of Tk. 3,047.00 Million against previous year profit of Tk. 742.00 Million. The increase is primarily for higher sales volume, increase of selling price and decrease of financial expenses. (cont. 1)

BSRMSTEEL 24-Oct-2021

There will be no price limit on the trading of the shares of the Company today (24.10.2021) following its corporate declaration.

BSRMSTEEL 24-Oct-2021

(Cont. BSRMSTEEL): The board has approved revised capital investment of BDT 1,850 Crore against previous PSI dated October 15,2020 for BDT 700 crore for setting up of new bar and wire rolling and expansion of melting unit to enhance capacity of rolling by 6.00 lac M.ton per annum and melting 2.5 lac M.Ton per annum to cater the growing market demand for quality steel products. The expansion will be financed by own as well as Debt fund and expected to be ready for operation by the end of 2023. (End)

BSRMSTEEL 24-Oct-2021

The Board of Directors has recommended final 30% cash dividend (total 40% cash dividend including interim 10% cash already paid) for the year ended on June 30, 2021. Date of AGM: 23.12.2021, Time: 10:30 AM, Venue: Digital Platform. Record Date: 18.11.2021. The Company has also reported EPS of Tk. 8.10, NAV per share of Tk. 62.38 and NOCFPS of Tk. 20.87 for the year ended on June 30, 2021 as against Tk. 1.97, Tk. 56.84 and Tk. 5.57 respectively for the same period of the previous year. (cont.)

BSRMSTEEL 14-Oct-2021

As per Regulation 19(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 October 23, 2021 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.

BSRMSTEEL 16-Jun-2021

(Continuation news of BSRMSTEEL): The Company also informed that EPS increase due to primarily for higher sales volume, sales price and decrease of financial expenses. NOCFPS increase due to more cash collection from customers and less payment to suppliers, employees and interest on all types of loans. (end)

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