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MALEKSPIN

All Eps Dividend Board Agm Q1 Q2 Q3

MALEKSPIN 31-Oct-2021

(Continuation news of MALEKSPIN): As per directors' assessment, the insurance claim recover through shall be at least equal to the carrying value. No other information come to our attention. Our report is not qualified in this regard. (end)

MALEKSPIN 31-Oct-2021

(Continuation news of MALEKSPIN): The effect of fire incident, some of Subsidiary's Inventory of Tk.58,346,808 and Property, Plant & Equipment of Tk. 246,444,379 at carrying value/written down value has been destroyed. All of these assets (inventory and property, Plant & Equipment) are under the comprehensive insurance coverage. An inspection has been completed by surveyor. (cont.2)

MALEKSPIN 31-Oct-2021

The auditor of the Malek Spinning Mills Ltd. has given the "Emphasis of matters" paragraphs in the Auditor's Report for the year ended on 30 June, 2021. Emphasis of matters: Emphasis of Matter quoted by the Auditors: With reference to the note no. 42, a contingent asset of Tk. 304,791,187 in respect of fire insurance claim as result of fire incident happened at subsidiary's (Salek Textile Limited) factory premises (Fabrics Unit). (cont.1)

MALEKSPIN 27-Oct-2021

There will be no price limit on the trading of the shares of the Company on 28.10.2021 following its corporate declaration.

MALEKSPIN 27-Oct-2021

(Continuation news of MALEKSPIN): On the other hand decrease in percentage of cost of goods sold due to decrease in raw material price and overhead is not increased proportionately on sales. Due to increase of collection against sales and decrease of financial expenses and other payments NOCFPS has increased. Due to increase in retained earnings NAV has increased. (end)

MALEKSPIN 27-Oct-2021

(Continuation news of MALEKSPIN): The Company has also informed that EPS has increased because of net profit substantially increased during the year due to increase in Turnover/Sales and average selling price of yarn compared to previous year. (cont. 2)

MALEKSPIN 27-Oct-2021

The Board of Directors has recommended 10% cash dividend for the year ended on June 30, 2021. Date of AGM: 27.12.2021, Time: 2:00 PM, Venue: Digital Platform. Record Date: 18.11.2021. The Company has also reported Consolidated EPS of Tk. 3.36, Consolidated NAV per share of Tk. 46.27 and Consolidated NOCFPS of Tk. 2.00 for the year ended on June 30, 2021 as against Tk. (1.68), Tk. 42.90 and Tk. 1.74 respectively for the same period of the previous year. (cont. 1)

MALEKSPIN 19-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 27, 2021 at 2:45 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2021.

MALEKSPIN 22-Sep-2021

Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA" in the long term and "ST - 3" in the short term along with a stable outlook based on audited financial statements of the Company up to June 30, 2020, un-audited financials up to March 31, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

MALEKSPIN 23-Jun-2021

(Cont. news of MALEKSPIN): After BMRE, it is expected that Spindles will be 79,464 and 2,000 Rotor Open end and production and sales revenue will increase by 60% & profitability will also increase substantially. This BMRE will create value addition due to improvement of product quality which will enable the company to sell its products at higher prices and retain better margin. The proposed BMRE may be implemented by funds from internal generations as well as taking loan from Banks & other sources. (end)

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