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ENVOYTEX

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ENVOYTEX 10-Nov-2021

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 11.11.2021 to 14.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 15.11.2021.

ENVOYTEX 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 10, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.

ENVOYTEX 02-Nov-2021

The auditor of the Envoy Textiles Limited has given the "Emphasis of matters" paragraphs in the Auditor's Report for the year ended on 30 June, 2021. Emphasis of matters: We draw attention to the following notes: Note no. 4.15 and 24.01 the company has kept BDT 19,635,431 as provision for 20% liability for payment in Welfare fund and Workers Welfare Foundation Fund. Note no. 4.02, the last revaluation on Property, plant and equipment was performed on 2010 by an Independent valuer. (end)

ENVOYTEX 12-Oct-2021

(Continuation news of ENVOYTEX): A negative net operating cash flow per share of Taka 2.25 derived, because of i) a significant amount of export LC not matured within the reporting period, ii) a reduction of Accounts Payable of Tk. 45.64 crore, out of which UPAS liability for raw materials was Tk. 34.43 crore. (end)

ENVOYTEX 12-Oct-2021

(Continuation news of ENVOYTEX): An increasement of source tax on incentive from 5% to 10%, one of revenue compositions, increased weighted average tax rate to 11.15% in FY 2020-21 from 7.85% in previous year. (cont. 4)

ENVOYTEX 12-Oct-2021

(Continuation news of ENVOYTEX): freight charges and shipment delays, forcing the Company to compromise prices to stay afloat. COGS increased by 0.97% because of these reasons, resultant GP margin reduced by 0.51%, even though revenue slightly increased in last quarter of the reporting year. Net profit before tax increased by 1.02% but the net profit after tax reduced by 65.43% due to an adjustment in provisioning for deferred income tax. (cont. 3)

ENVOYTEX 12-Oct-2021

(Continuation news of ENVOYTEX): The business operation has been showing signs of recovery ever since the final quarter of fiscal 2020-21 despite facing various challenges amidst the ongoing Covid-19 pandemic. Rising cotton prices have come as a fresh blow to the business, put stress on profitability in export markets. Fabric has become costlier as cotton prices almost doubled in a year, higher fabric price induced by global cotton price hike has come on top of surging (cont. 2)

ENVOYTEX 12-Oct-2021

Dividend Declaration (Additional Information): The Company has further informed that significant deviation in the Earning per share and NOCFPS compared to the previous financial year of the Company for following reasons: The total revenue of the Company during the year has increased by 5.97% over previous financial year. The revenue flow in the first nine months were slowdown due to impact of the second weave of Coronavirus. (cont. 1)

ENVOYTEX 12-Oct-2021

There will be no price limit on the trading of the shares of the Company today (12.10.2021) following its corporate declaration.

ENVOYTEX 12-Oct-2021

(Continuation news of ENVOYTEX): The Company has also reported EPS of Tk. 0.56, NAV per share of Tk. 37.79 and NOCFPS of Tk. (2.25) for the year ended on June 30, 2021 as against Tk. 1.63, Tk. 38.43 and Tk. 1.56 respectively for the same period of the previous year. (end)

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