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JAMUNAOIL

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JAMUNAOIL 14-Jan-2021

(Continuation news of JAMUNAOIL): payment of compensation to the company. The company has no agreement with Chittagong Dry Dock Ltd for using possession although the company sent several reminders to Chittagong Dry Dock Ltd. to execute lease agreement or to return the possession of the land. Eventually, the Company is deprived economic benefit that could have been generated from said asset. (Note-3.2) Emphasis of Matter: Without qualifying our opinion, (cont.4)

JAMUNAOIL 14-Jan-2021

(Continuation news of JAMUNAOIL): opening carrying amount of Property, Plant and Equipment. (Note-3.1) 3) The Company has total 59.9703 acres of freehold land valued at BDT.2,78,49,084, out of which land measuring 2.30 acres are yet to be registered in the name of the company. Out of the freehold land, land measuring 1.7116 acres possessed by Chittagong Dry Dock Ltd and 0.3859 acres of land acquired by the Chittagong Development Authority for constructing Airport road without (cont.3)

JAMUNAOIL 14-Jan-2021

(Continuation news of JAMUNAOIL): Bangladesh Chemical Industries Corporation and Chattogram City Corporation respectively since long time. The company made correspondences with parties to realize the outstanding balances but the amount are yet to be realized. (Note-8) 2) Property, Plant and Equipment have been carried forward without maintaining any comprehensive records. We could not obtain sufficient appropriate audit evidence relating to the location and existence of (cont.2)

JAMUNAOIL 14-Jan-2021

The auditor of the Jamuna Oil Company Limited has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2020. Qualified Opinion: 1) The Company's Trade Receivables are carried forward in the statement of financial position amounting to Tk. 1,365,287,938. Out of which Tk.134,578,955, Tk.50,100,405 and Tk.5,770,737 remaining as receivable from Power Development Board, (cont.1)

JAMUNAOIL 29-Dec-2020

(Q1 Un-audited): EPS was Tk. 4.07 for July-September 2020 as against Tk. 4.58 for July-September 2019; NOCFPS was Tk. 39.98 for July-September 2020 as against Tk. 10.14 for July-September 2019. NAV per share was Tk. 174.53 as on September 30, 2020 and Tk. 161.40 as on June 30, 2020.

JAMUNAOIL 29-Dec-2020

There will be no price limit on the trading of the shares of the Company today (29.12.2020) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

JAMUNAOIL 29-Dec-2020

The Board of Directors has recommended 120% cash dividend for the year ended on June 30, 2020. Date of AGM: 13.03.2021, Time: 2:00 PM, Venue: Digital Platform; Record Date: 19.01.2021. The Company has also reported EPS of Tk. 18.13, NAV per share of Tk. 161.40 and NOCFPS of Tk. 20.38 for the year ended on June 30, 2020 as against Tk. 21.19, Tk. 167.61 and Tk. (92.01) respectively for the same period of the previous year.

JAMUNAOIL 20-Dec-2020

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 December 28, 2020 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, 2020.

JAMUNAOIL 20-Dec-2020

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 December 28, 2020 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2020.

JAMUNAOIL 27-Sep-2020

The Company has informed that Bangladesh Petroleum Corporation has fixed excise duty free price of Marine fuel for supplies to foreign/local ships plying on water Territory of Bangladesh arrived at Chattogram and Mongla Ports according to IMO Regulation. The Company will receive sale margin of Tk. 0.55 against per liter sale of Marine fuel.

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