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DESCO

All Eps Dividend Board Agm Q1 Q2 Q3

DESCO 07-Nov-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 November 11, 2021 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, 2021.

DESCO 31-Oct-2021

(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 month of the close of every year. But the company did not pay amount of WPPF TK. 141,405,925 for which the entity didnt charge any interest as per section 240(3). (end)

DESCO 31-Oct-2021

(Continuation news of DESCO): The company approves the requirement in this year and makes provision for 2017-18 and 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 31-Oct-2021

The auditor of the Dhaka Electric Supply Company Ltd. has given the "Qualified Opinion" paragraphs in the Auditor's Report for the year ended on 30 June, 2021. 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 Workers Profit Participation Fund (WPPF). (cont.1)

DESCO 17-Oct-2021

There will be no price limit on the trading of the shares of the Company today (17.10.2021) following its corporate declaration.

DESCO 17-Oct-2021

(Continuation news of DESCO): Net Income increases due to increase of sales volume and decrease of corporate tax rate. The Company has also reported that Before Revaluation NAV Per Share Tk. 47.99 and After Revaluation NAV Per Share Tk. 65.24. (end)

DESCO 17-Oct-2021

(Continuation news of DESCO): Reasons for significant deviations: EPS increases due to increase of sales volume as well as sales revenue. Revenue from operation increases due to increase of retail tariff and consumers. Operating profit decreases due to increase of salary and allowance, finance cost and depreciation. Income from other source (Net) increase due to increase of consumers. (cont. 2)

DESCO 17-Oct-2021

The Board of Directors has recommended 10% cash dividend for the year ended on June 30, 2021. Date of AGM: 15.01.2022, Time: 10:00 AM, Venue: Digital Platform, Record Date: 18.11.2021. The Company has also reported EPS of Tk. 1.86, NAV per share of Tk. 65.24 and NOCFPS of Tk. 14.82 for the year ended on June 30, 2021 as against Tk. 1.15, Tk. 46.76 and Tk. 11.10 respectively for the same period of the previous year. (cont. 1)

DESCO 13-Oct-2021

The Company has informed that the Board of Directors has approved the fixed asset revaluation report taking into consideration of audited financial statements of the Company for the year ended on June 30, 2019. The revaluation of fixed asset has been increased from BDT 20,914,530,962.00 to BDT 28,093,133,616.00. The revaluation surplus was BDT 7,178,602,654.00. Net Asset Value per share (NAV) would be increased by BDT 18.06.

DESCO 06-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 14, 2021 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.

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