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MATINSPINN

All Eps Dividend Board Agm Q1 Q2 Q3

MATINSPINN 05-Mar-2017

In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

MATINSPINN 26-Jan-2017

(Continuation news of MATINSPINN): Production capacity will be 16 ton per day. The Company has noted that during remaining 5 months of full commercial operation of Synthetic Unit revenue income of the Company is estimated to increase by Tk. 418,203,000.00 and Net Profit after tax is estimated to increase by Tk. 49,878,000.00. (end)

MATINSPINN 26-Jan-2017

With reference to their earlier news (disseminated by DSE on 10.11.2016), the Company has further informed that the Board of Directors has decided that full commercial operation of Synthetic Yarn Unit in phase-2 of the Company will commence from February 07, 2017. (cont.)

MATINSPINN 25-Jan-2017

(Q2 Un-audited): EPS was Tk. 0.48 for Oct.-December, 2016 as against Tk. 1.05 for Oct.-December, 2015; EPS was Tk. 0.92 for July-December, 2016 as against Tk. 2.11 for July-December, 2015. NOCFPS was Tk. (0.57) for July-December, 2016 as against Tk. 1.20 for July-December, 2015. NAV per share (with Revaluation reserves) was Tk. 40.25 as of Dec. 31, 2016 and Tk. 41.64 as of June 30, 2016 and NAV per share (without Revaluation reserves) was Tk. 30.10 as of Dec. 31, 2016 and Tk. 31.50 as of June 30, 2016.

MATINSPINN 24-Jan-2017

The Company has informed that the Cash dividend warrant for the year ended on June 30, 2016 has been disbursed.

MATINSPINN 22-Jan-2017

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 25, 2017 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, 2016.

MATINSPINN 01-Jan-2017

(Continuation news of MATINSPINN): 6. In note: 42 (iv) to the financial statements, management explains, with regard to compliance of the relevant BSEC Order, that the company calculated its net worth without outstanding the revaluation reserve and paid divided accordingly for the year 2014-15, though the revaluation reserve is recognized as a part of equity in the Statement of Financial Position. (End)

MATINSPINN 01-Jan-2017

(Continuation news of MATINSPINN): to Jinnat Knitwears Limited (a private company, all the directors of which are also directors of Matin Spinning Mills Limited) without obtaining permission from shareholders and BSEC before disbursing the above loan. 5. In Note: 42 (iii) to the financial statements, management explains about substantial sales to some companies (having some common directorship) of DBL group without taking approval from the shareholders before entering into such sale arrangements. (cont.3)

MATINSPINN 01-Jan-2017

(Continuation news of MATINSPINN): and inclusion of the same in Capital Work in Process as on 30 June 2016. These were purchased for Mlange unit using the IPO fund. 3. In note: 42 (i) to the financial statements, management explains the circumstances under which Bangladesh Securities and Exchange Commission (BSEC) imposed penalty on the Directors of the Company. 4. In Note: 42 (ii) to the financial statements, management explains about loan of TK. 300,000,000/= given by the Company (cont.2)

MATINSPINN 01-Jan-2017

The auditor of the company has given the following 'Emphasis of Matter' paragraph in the audit report of the company prepared for the year ended on 30 June 2016. Emphasis of Matter: 1. In Note: 4 to the financial statements, management explains about the use of two diesel generators which were purchased with the fund from IPO proceeds for the Mlange unit of the company. 2. In note: 6.08 to the financial statements, management explains the reasons for non-installation of some items of fixed assets (cont.1)

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