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DESCO

All Eps Dividend Board Agm Q1 Q2 Q3

DESCO 24-Jan-2021

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 27, 2021 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2020.

DESCO 18-Nov-2020

Trading of the shares of the Company will remain suspended on record date i.e., 19.11.2020.

DESCO 16-Nov-2020

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 17.11.2020 to 18.11.2020. Trading of the shares of the Company will remain suspended on record date i.e., 19.11.2020.

DESCO 15-Nov-2020

(Q1 Un-audited): EPS was Tk. 0.27 for July-September 2020 as against Tk. 1.14 for July-September 2019; NOCFPS was Tk. 4.71 for July-September 2020 as against Tk. 1.94 for July-September 2019. NAV per share was Tk. 47.02 as on September 30, 2020 and Tk. 46.76 as on June 30, 2020.

DESCO 11-Nov-2020

(Continuation news of DESCO): 2. As per Labor law- 2006 (amendment 2013) Section 234 (1) (b), an entity should pay amount of WPPF within 9 months of the close of every year. But the company did not pay amount of WPPF Tk. 99,493,608. (end)

DESCO 11-Nov-2020

(Continuation news of DESCO): Workers Profit Participation Fund (WPPF). The company approves the requirement in this year and makes provision for 2017-18 to 2019-20. But the company didn't make provision for the years 2013-14 to 2016-17 which we have calculated amounting Tk. 201,366,278. As a result the company understates its liability by the same amount. (cont.2)

DESCO 11-Nov-2020

The auditor of Dhaka Electric Supply Company Ltd. has given the following "Qualified Opinion" paragraph in the audit report of the Company prepared for the year ended on June 30, 2020. In this regard, we may disseminate the following news through our online trading system: Qualified Opinion: 1. In the year 2013 an amendment has been made in section-232 of Labor Law-2006. Due to the amendment DESCO requires to maintain (cont.1)

DESCO 10-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 11:00 AM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.

DESCO 25-Oct-2020

There will be no price limit on the trading of the shares of the Company today (25.10.2020) 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.

DESCO 25-Oct-2020

(Continuation news of DESCO): The Company has also informed the following: EPS decreased due to increase of sales volume as well as sales revenue due to COVID-19. Total revenue from Operation, Gross Profit and Operating profit decreased due to COVID-19. Income from other source (Net) increased due to increase of interest rate. Net Income decreased due to decrease of sales volume (end)

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