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PLFSL

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PLFSL 27-Jul-2016

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 August 03, 2016 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2015.

PLFSL 18-Nov-2015

The Company has informed that the Board of Directors of the Company has elected Mr. Uzzal Kumar Nandi, FCA as the Chairman of the Company.

PLFSL 02-Nov-2015

Md. Yousuf Ismail, one of the Sponsors of the Company, has further reported that he has completed his transfer of 37,01,000 shares of the Company to his Spouse Lafifa Yousuf, by way of gift outside the trading system of the Exchange as announced earlier.

PLFSL 01-Nov-2015

(Continuation news of PLFSL): margin loan accounts of the leasing companies were to be transferred to its subsidiary and the subsidiary to be so formed is to deal with the margin loan and share business. We observed that the company, without forming its subsidiary, has been dealing with the margin loan and recognised an amount of Taka 83.27 crore as interest income on such margin loan of Taka 705.05 crore. (End)

PLFSL 01-Nov-2015

(Continuation news of PLFSL): 02. Reference to note # 6.3.1: Consolidation of financial statements has not been made as per BAS - 27 and Companies Act 1994 although the company held 66.50% share of PLFS Investment Limited. The amount of investment of Taka 160,597,500.00 has been shown in the financial statements as "Other Investment in Shares." 03. Reference to note # 7.1.2: To comply with the policy directive of Bangladesh Securities and Exchange Commission (BSEC), (cont.3)

PLFSL 01-Nov-2015

(Continuation news of PLFSL): Out of this total shortfall, Tk. 223.67 crore was against 06 (six) borrowers, which were transferred to unclassified category from classified loan category and also transferred Taka 22.89 crore from interest 'interest suspense' to 'interest income' in the strength of company's board decision of rescheduling without getting required clearance from Bangladesh Bank. (cont.2)

PLFSL 01-Nov-2015

(Qualified Audit Opinion): Auditor of the company has given the following qualified audit opinion in the audit report of the company for the year ended on 31 December 2014: Basis for qualified opinion: 01. Reference to note # 7.0: While verifying borrowers' file we found a shortfall of Tk. 272.72 crore in making provision against different types of overdue loans in 24 (twenty four) borrowers file covering loan amount of Tk. 371.49 crore. (cont.1)

PLFSL 29-Oct-2015

Md. Yousuf Ismail, one of the Sponsors of the Company, has expressed his intention to transfer 37,01,000 shares out of his total holding of 37,43,437 shares of the Company to his Spouse Lafifa Yousuf, by way of gift outside the trading system of the Exchange within October 29, 2015.

PLFSL 29-Oct-2015

(Q3 Un-audited): EPS was Tk. 0.15 for July-September, 2015 as against Tk. 0.29 for July-September, 2014; EPS was Tk. 0.06 for January-September, 2015 as against Tk. 0.73 for January-September, 2014. NOCFPS was Tk. 5.72 for January-September, 2015 as against Tk. (1.94) for January-September, 2014. NAV per share was Tk. 15.99 as of September 30, 2015 and Tk. 17.52 as of December 31, 2014.

PLFSL 13-Sep-2015

Credit Rating Agency of Bangladesh Limited (CRAB) has announced the surveillance rating of the Company as "BBB2" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the institution up to December 31, 2014 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

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