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DESCO

All Eps Dividend Board Agm Q1 Q2 Q3

DESCO 27-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 net profit after tax of Tk. 52.45 million with EPS of Tk. 0.15 as against Tk. 89.75 million and Tk. 0.26 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 244.39 million with EPS of Tk. 0.71 for the period of nine months (July'13 to March'14) ended on 31.03.2014 as against Tk. 809.57 million and Tk. 2.35 respectively for the same period of the previous year.

DESCO 07-Apr-2014

After getting consent from Bangladesh Securities & Exchange Commission (BSEC), Erstwhile Dhaka Electric Supply Authority (DESA), one of the Sponsors of the Company, has expressed its intention to transfer 2,92,81,130 shares (Bonus shares) of the Company in favor of "Bangladesh Power Development Board (BPDB)" by way of transfer outside the trading system of the Stock Exchange within April 30, 2014.

DESCO 03-Apr-2014

Bangladesh Securities & Exchange Commission (BSEC) has accorded its consent to transfer of total 2,92,81,130 shares (Bonus Shares) of Dhaka Electric Supply Company Ltd. (DESCO) from Dhaka Electric Supply Authority (DESA) to Bangladesh Power Develpoment Board Limited outside the trading system of the Exchange under the regulation 42(2)(b) of Listing Regulations of Dhaka Stock Exchange Limited.

DESCO 30-Jan-2014

The Company has informed that it has credited the bonus shares for the year ended on June 30, 2013 to the respective shareholders' BO Accounts on January 20, 2014. Cash dividend including sale proceeds of fraction shares for the year ended 30th June 2013 has already been credited through Bangladesh Electronic Fund Transfer Network (BEFTN). Dividend Warrant has already been sent through courier to the addresses of shareholders whose accounts were not credited due to inadequate information in their Bank Accounts/out of BEFTN services.

DESCO 30-Jan-2014

(H/Y): As per un-audited half yearly accounts as on 31.12.2013 (July'13 to Dec'13), the Company has reported net profit after tax of Tk. 191.94 million with EPS of Tk. 0.56 as against Tk. 719.82 million and Tk. 2.09 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 173.13 million with EPS of Tk. 0.50 for the period of 3 months (Oct'13 to Dec'13) ended on 31.12.2013 as against Tk. 334.01 million and Tk. 0.97 respectively for the same period of the previous year.

DESCO 18-Nov-2013

(Continuation of news of DESCO): 2. 'Reference to Note No 2' "Due to improper maintenance of Fixed Assets Register total value of Property, Plant & Equipment which represents 32% of total assets of the company remain unverified." 3. 'Reference to Note No 1.4.2.3' "DESCO acquired assets from DSEA, for an amount of Tk. 2,793,960,000 but the value of these assets were estimated by DESCO, not by any independent valuation firm."(End)

DESCO 18-Nov-2013

(Qualified Opinion) "Saha Mazumder & Co.", 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: 1. 'Reference to Note No 4 & 05.4' "The amount of Tk. 17,222,383 shown as receivable from M/S Union Trade International, on account of Store-in-Transit lost during carrying by this carrying contractor. Legal action has been initiated against this firm for recovery of this amount." (Cont)

DESCO 11-Nov-2013

(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2013 (July'13 to Sep'13), the Company has reported net profit after tax of Tk. 18.81 million with basic EPS of Tk. 0.06 as against Tk. 385.79 million and Tk. 1.29 respectively for the same period of the previous year. However, considering proposed bonus share @ 15% for the year 2013, restated basic EPS will be Tk. 0.05 as on 30.09.2013 and Tk. 1.12 as on 30.09.2012.

DESCO 05-Nov-2013

Normal trading of the shares of the Company will resume on 06.11.2013 after record date.

DESCO 04-Nov-2013

Trading of the shares of the Company will remain suspended on record date i.e., 05.11.2013.

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