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POWERGRID

All Eps Dividend Board Agm Q1 Q2 Q3

POWERGRID 05-Nov-2018

The Board of Directors has recommended 17% cash dividend for the year ended on June 30, 2018. Date of AGM: 19.01.2019, Time: 10:00 AM, Venue: Mukti Hall, Biddyut Bhaban, 1 Abdulgani Road, Dhaka-1000. Record Date: 26.11.2018. The Company has also reported EPS of Tk. 4.73, NAV per share of Tk. 108.12 and NOCFPS of Tk. 27.51 for the year ended on June 30, 2018 as against Tk. 4.33, Tk. 89.79 and Tk. 21.62 respectively for the same period of the previous year.

POWERGRID 28-Oct-2018

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 November 04, 2018 at 6:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.

POWERGRID 22-Oct-2018

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 November 04, 2018 at 6:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.

POWERGRID 26-Apr-2018

(Q3 Un-audited): EPS was Tk. 0.88 for January-March 2018 as against Tk. 0.67 for January-March 2017; EPS was Tk. 3.52 for July 2017-March 2018 as against Tk. 2.40 for July 2016-March 2017. NOCFPS was Tk. 15.68 for July 2017-March 2018 as against Tk. 11.14 for July 2016-March 2017. NAV per share was Tk. 100.11 as on March 31, 2018 and Tk. 83.25 as on June 30, 2017.

POWERGRID 22-Apr-2018

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 25, 2018 at 5:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.

POWERGRID 18-Feb-2018

(Continuation news of POWERGRID): addition during the year amounting to BDT 302,446,437 as provision for gratuity. The Company carries an unfunded gratuity scheme for its employees and provision was made as per Company's gratuity policy for which no actuarial valuation was performed which is required to be done as per BAS 19. (end)

POWERGRID 18-Feb-2018

(Continuation news of POWERGRID): from BPDB directly nor supported with the account statement of BPDB. Therefore, we are not in a position to confirm the said current account balance with the relevant party records. 6. As disclosed in Note # 15, the Company has reported an amount of BDT 1,963,994,600 including (Cont. 9)

POWERGRID 18-Feb-2018

(Continuation news of POWERGRID): However, this exchange loss is capitalized with relevant assets in line with Companies Act 1994 as the said loan was obtain for those assets. 5. As disclosed in Note # 20.4, current account with corporation and other offices includes BDT 114,745,358 and BDT (2,422,567) on account of BPDB and project-1 respectively as on 30 June 2017. Also as per Note # 13.3(A), the Company owes BDT 1,705,943,235 to BPDB. These amounts could neither be confirmed (Cont. 8)

POWERGRID 18-Feb-2018

(Continuation news of POWERGRID): 4. As disclosed in Note #2.1, the Company has reported an amount of BDT 739,548,754 as addition to PPE resulted from exchange rate fluctuation related to the outstanding principal amount of loan for the year ended 30 June 2017. As per Paragraph 28 of BAS 21: Effects of Changes in Foreign Exchange Rates, the said amount should be recognized as a loss in Statement of Profit or Loss and Other Comprehensive Income. (Cont. 7)

POWERGRID 18-Feb-2018

(Continuation news of POWERGRID): year by year till to date. It includes disputed amounts with DPDC BDT 414,877,218, DSECO BDT 3,106,230, M/S Abul Khair Steel Products BDT 6,433,733 and BWDB GK Project Bheramara, Kushtia, BDT 1,560,621. In our opinion, the Company is very unlikely to recover the amounts in full. If provisions were made for the above, the earnings per share (EPS) and net asset value (NAV) for the year 2016-2017 would have adversely been affected to that extent. (Cont. 6)

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