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EMERALDOIL

All Eps Dividend Board Agm Q1 Q2 Q3

EMERALDOIL 01-Feb-2017

(Q2 Un-audited): EPS was Tk. 0.04 for October-December, 2016 as against Tk. 1.26 for October-December, 2015; EPS was Tk. 0.07 for July-December, 2016 as against Tk. 2.29 for July-December, 2015. NOCFPS was Tk. 0.08 for July-December, 2016 as against Tk. 0.37 for July-December, 2015. NAV per share was Tk. 15.73 as of December 31, 2016 and Tk. 17.23 as of June 30, 2016.

EMERALDOIL 25-Jan-2017

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 31, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2016.

EMERALDOIL 23-Jan-2017

The Company has informed that it has credited Bonus shares for the year ended on June 30, 2016 to the respective shareholders' BO Accounts on January 19, 2017. The fractional amount will be distributed to the respective shareholders' Bank/DP A/C through EFTN.

EMERALDOIL 15-Jan-2017

(Continuation news of EMERALDOIL): Emerald Oil Industries Limited has been unable to repay loans from BASIC bank and loan facilities have been suspended and litigation has been lodged against the Company and its directors by Anti Corruption Commission (ACC). Our opinion is not qualified in respect of this matter. (end)

EMERALDOIL 15-Jan-2017

(Continuation news of EMERALDOIL): b) The company has reported an amount of BDT 165,425,110 as advance against rice bran purchase in the financial statements. During audit, we sent balance confirmation letters to all of the parties to whom advance was made but no response received till the reporting date. As a result, we could not confirm the amount of advance reported in the financial statements. (End) Emphasis of Matter: We draw attention to Note 3.08 and 3.09 to the financial statements: (cont. 2)

EMERALDOIL 15-Jan-2017

The auditor of the company has given the following 'Basis for Qualified Opinion' & 'Emphasis of Matter' paragraphs in the audit report of the company prepared for the year ended on 30 June 2016. Basis for Qualified Opinion: a) The evidence with respect to inventory having a carrying amount of BD Tk. 721,497,136 was limited as we could not observe the physical inventory count as of 30 June 2016. As a result, physical existence of the inventory on 30th June 2016 was difficult to ascertain. (cont. 1)

EMERALDOIL 15-Jan-2017

The Company has informed that the head office of the Company is going to be shifted from Floor- 10/D to Floor- 15/A, Saiham Sky View Tower, 45, Bijoy Nagar, Dhaka-1000 with effect from January 15, 2017.

EMERALDOIL 29-Dec-2016

The Company has informed that the Board of Directors has appointed Mr. Ahsanul Haque Tushar as the Chief Executive Officer of the Company.

EMERALDOIL 21-Dec-2016

(Continuation news of EMERALDOIL): The Company has also replied to DSE's query that there is no undisclosed material decision/information relating to the Company's operation/profitability, which might have impact on the trade of shares of the Company. (end)

EMERALDOIL 21-Dec-2016

In response to a DSE query, regarding status of resumption of Production of the Company with regard to news disseminated on 17.08.2016 (where it was stated, among others, that due to annual servicing of the machineries and equipment, the production of the Company has been closed since June 27, 2016), the Company has replied that they have resumed their production from the earlier mentioned date i.e. 20.08.2016 after annual servicing. (cont.)

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