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FIRSTFIN

All Eps Dividend Board Agm Q1 Q2 Q3

FIRSTFIN 24-Nov-2021

(Continuation news of FIRSTFIN): recognized BDT 195,987,070 worth Non-Banking Assets on the Balance Sheet as at 31 December 2020. Out of this asset class, there are several assets which have been impaired which the Company has not recorded for. The details are provided below: a) The Company has two properties worth BDT 19,310,338 whose recoverable amount has reduced by BDT 13,310,338 based on the auctions where these properties have been put for sale. The Company (cont.4)

FIRSTFIN 24-Nov-2021

(Continuation news of FIRSTFIN): represent unpaid taxes which have been collected and deducted by the Company. As per Section 57 of Income Tax Ordinance 1983, failure to remit collected or deducted taxes can result in additional penalty of 2% per month. Unpaid taxes collected by the Company will result in additional penalty of BDT 30,302,736 which the Company has not recognized on the Profit & Loss Account for the year ended 31 December 2020. 4) The Company has (cont.3)

FIRSTFIN 24-Nov-2021

(Continuation news of FIRSTFIN): violation of said circular. 2) As per Labour law 2006 (Amendment 2013) Sec-234, a company must maintain WPPF but the Company did not comply with said law. 3) In accordance with Section 59 of Income Tax Ordinance 1983, all sums collected or deducted as taxes should be remitted to the government within the prescribed time. The Company has recorded BDT holding tax payable worth BDT 156,683,083 as at December 31, 2020. These amounts (cont.2)

FIRSTFIN 24-Nov-2021

The auditor of the First Finance Limited has given the "Qualified Opinion" & "Emphasis of matter" paragraphs in the Auditor's Report for the year ended on 31 December, 2020. Basis for Qualified Opinion: 1) As per FRC Circular no-146/FRC/2020101 dated 11-02-2020, any amount received as share money deposit must be converted to share capital within 6 months from the receiving date. The Company receipts amount to BDT 159,916 but didn't convert to share which is a (cont.1)

FIRSTFIN 22-Nov-2021

Refer to their earlier news disseminated by DSE on 15.11.2021 regarding Dividend Declaration of the Company, the Company has further informed that NOCFPS of the company will be Tk. (0.99) instead of Tk. 1.81 for year ended on December 31, 2020. All other information will remain unchanged.

FIRSTFIN 15-Nov-2021

There will be no price limit on the trading of the shares of the Company today (15.11.2021) following its corporate declaration.

FIRSTFIN 15-Nov-2021

The Board of Directors has recommended No dividend for the year ended on December 31, 2020. Date of AGM: 30.12.2021, Time: 3:00 PM, Venue: Digital Platform. Record date: 06.12.2021. The Company has reported EPS of Tk. (4.31), NAV per share of Tk. 4.23 and NOCFPS of Tk. 1.81 for the year ended on December 31, 2020 as against Tk. 1.16, Tk. 8.55 and Tk. (8.51) respectively for the same period of the previous year.

FIRSTFIN 07-Nov-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 November 14, 2021 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.

FIRSTFIN 18-Jul-2021

The Company has informed that the Board of Directors and subsequent approval from Bangladesh Bank, Mr. Mohammed Mosharaf Hossain has been appointed as the Managing Director and CEO of the Company effective from July 18, 2021.

FIRSTFIN 06-Jun-2021

The Company has informed that it has credited the Bonus shares for the year ended on December 31, 2019 to the respective shareholders' BO Accounts on June 06, 2021.

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