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MATINSPINN

All Eps Dividend Board Agm Q1 Q2 Q3

MATINSPINN 21-Apr-2019

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 April 29, 2019 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2019.

MATINSPINN 17-Apr-2019

The Company has informed that the Management has decided to relocate its corporate office to Capita South Avenue Tower, 6th Floor, House No. - 50, Road No. - 03, Gulshan Avenue, Gulshan ? 1, Dhaka from its present location at BGMEA Complex (12th floor), 23/1, Panthapath Link Road, Karwan Bazar, Dhaka-1215.

MATINSPINN 20-Jan-2019

(Q2 Un-audited): EPS was Tk. 0.55 for October-December 2018 as against Tk. 0.90 for October-December 2017; EPS was Tk. 1.14 for July-December 2018 as against Tk. 1.44 for July-December 2017. NOCFPS was Tk. 0.64 for July-December 2018 as against Tk. 7.39 for July-December 2017. NAV per share (with Revaluation reserves) was Tk. 44.75 as on December 31, 2018 and Tk. 43.63 as on June 30, 2018.

MATINSPINN 16-Jan-2019

The Company has informed that it has disbursed the cash dividend for the year ended on June 30, 2018 to the respective shareholders.

MATINSPINN 14-Jan-2019

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 17, 2019 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, 2018.

MATINSPINN 27-Dec-2018

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, 2018, unaudited financials up to September 30, 2018 and other relevant quantitative and qualitative information up to the date of rating declaration.

MATINSPINN 04-Dec-2018

(Continuation news of MATINSPINN): of depreciation. However, para-62 specifies three methods of which diminishing balance has been used by the company consistently considering reducing future economic benefit of the assets. C. Impairment: If the recoverable amount of an asset is less than its carrying amount, the carrying amount of the asset should be reduced to its recoverable amount. That reduction is an impairment loss. An impairment loss is recognized as an expense in the income statement. (end)

MATINSPINN 04-Dec-2018

(Continuation news of MATINSPINN): difference between the sale proceeds and the carrying amount of the asset and is recognized in the income statement. Itemized depreciation rates are as follows: Land and land development (Nil), Factory building 5%, Godown 10%, Plant and machinery 10%, Furniture and fixtures 10%, Sub Station (Machinery) 15%, Gas Generator 15%, Office equipment 15%, Electric installation 15% and Vehicles 20%. Para-60 of BAS - 16 does not specify any specific method of calculation (cont. 4)

MATINSPINN 04-Dec-2018

(Continuation news of MATINSPINN): B. Depreciation: Depreciation is calculated and charged under diminishing balance method on all fixed assets other than land and land development. Depreciation on current year's addition is charged on day basis as and when the assets are ready for operation. The costs of the day-to-day servicing of Property, Plant and Equipment are recognized in the income statement as incurred. The gain or loss arising on the disposal of an asset is determined as (cont. 3)

MATINSPINN 04-Dec-2018

(Continuation news of MATINSPINN): The cost of an item of property, plant and equipment shall be recognized as an asset if and only if it is probable that the future economic benefit associated with the item will flow to the entity, and the cost of the item can be measured reliably. Fixed assets have been accounted for at cost less accumulated depreciation. Cost includes expenditure that is directly attributable to the acquisition of the items. (cont. 2)

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