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CENTRALPHL

All Eps Dividend Board Agm Q1 Q2 Q3

CENTRALPHL 22-Nov-2020

(Continuation news of CENTRALPHL): could not provide proper evidence or justification for charging the loss incurred on inventory destruction in cost of goods sold. As existence or destruction of in inventory was not justified by the company the actual value of inventory could not be determined or whether the loss incurred by them was correctly charged in cost of goods sold. As per our qualification last year, we observed that the volume of inventories was high in comparison (cont.6)

CENTRALPHL 22-Nov-2020

(Continuation news of CENTRALPHL): of the company has written off inventory of Tk. 482,218,612 during the year against which no supporting documents could be provided to us. As per the management, they have destroyed the inventory but no evidence could be provided on destruction. Neither were we informed before any such destruction done by the company.The value of inventory destroyed was charged in the cost of goods sold. The company (cont.5)

CENTRALPHL 22-Nov-2020

(Continuation news of CENTRALPHL): documents as against payment of advance tax of Tk. 9,078,904 during the year 2019-2020 have been provided. The company has incurred loss for the year ended 30 June, 2020 but has made no provision for Turnover Tax on gross turnover of Tk. 140,091,702. Current tax provision should be Tk. 840,550 on turnover that was not provided for, due to which the current liabilities are understated by the same amount. 3.The management (cont.4)

CENTRALPHL 22-Nov-2020

(Continuation news of CENTRALPHL): assessment years from 2007-2008 to 2016-2017.It was also found that Income Tax returns of the company for the assessment years 2017-2018 and 2018-2019 had been submitted on 22.10.2019 and tax assessment thereof have not been yet completed. Advance Tax Tk. 280,204,451 and Liabilities for Tax Tk. 278,978,472 remain unadjusted in the accounts. As a result, Assets and Liabilities have been overstated. No supporting (cont.3)

CENTRALPHL 22-Nov-2020

(Continuation news of CENTRALPHL): their letter no. 178456845965/Circle -155/2014-2015/232 dated 26.04.2015 and no subsequent development thereof was reported. Sense then, the company has been running through cash transactions. 2. No latest status on Tax assessment position of the company was provided. The Tax Authority has a Claimed for 488,160,889 taka vide there letter No. Tax liability/A-13/Circle-155/2017-2018 dated 04.04.2018 that for the (cont.2)

CENTRALPHL 22-Nov-2020

The auditor of Central Pharmaceuticals Limited has given the following "Qualified Opinion" paragraph in the audit report of the Company prepared for the year ended on June 30, 2020. Qualified Opinion: 1. Three Bank Accounts of the company with Janata Bank Ltd. Local office, Dhaka were frozen by the Tax Authority demanding Tax Liability amount of Tk. 93,082,463 vide (cont.1)

CENTRALPHL 15-Nov-2020

(Q1 Un-audited): EPS was Tk. 0.08 for July-September, 2020 as against Tk. 0.07 for July-September, 2019. NOCFPS was Tk. (0.03) for July-September, 2020 as against Tk. 0.01 for July-September, 2019. NAV per share was Tk. 6.68 as on September 30, 2020 and Tk. 6.60 as on June 30, 2020.

CENTRALPHL 09-Nov-2020

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 November 14, 2020 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, 2020.

CENTRALPHL 05-Nov-2020

There will be no price limit on the trading of the shares of the Company today (05.11.2020) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

CENTRALPHL 05-Nov-2020

The Board of Directors has recommended No dividend for the year ended on June 30, 2020. Date of AGM: 30.12.2020, Time: 11:30 AM, Venue: Digital Platform. Record date: 26.11.2020. The Company has also reported EPS of Tk. (9.24), NAV per share of Tk. 6.60 and NOCFPS of Tk. (0.00) for the year ended on June 30, 2020 as against Tk. 0.48, Tk. 14.87 and Tk. 0.09 respectively for the same period of the previous year.

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