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PRIMETEX

All Eps Dividend Board Agm Q1 Q2 Q3

PRIMETEX 05-Dec-2018

The Company has further informed that their 30th AGM will now be held on December 28, 2018 at 10:00 AM instead of earlier declared date December 29, 2018. Other information of the earlier disclosure will remain unchanged.

PRIMETEX 05-Dec-2018

(Continuation news of PRIMETEX): year ended on 30 June, 2018 compared to previous year's production volume. To run production smoothly more or less at same level in normal situation and in environment belong to coming parliament election we have purchased raw materials more and also kept more stock of raw materials compared to previous year's purchase and stock volume of raw materials. (end)

PRIMETEX 05-Dec-2018

(Continuation news of PRIMETEX): compared to previous year's production volume but sales volume had not increased comparatively with same parallel of production volume due to non receipt of adequate order from the customers as well as price was not also suitable in the market. Thus, stock volume of finished goods have increased. Stock of Raw Materials: For rising of production capacity after taking some steps in our mill production volume have increased during the (cont. 6)

PRIMETEX 05-Dec-2018

(Continuation news of PRIMETEX): Finished Goods Tk. 58,024,443.00, Waste Cotton Tk. 672,745.00 and Store, Spare, Packing Materials & Others Tk. 66,357,037.00. Reasons for changes in year end inventory holding Position: Total Inventories have increased by Tk. 51,25,60,912.00 mainly due to increase in stock of finished goods and raw materials. Stock of finished Goods: For taking some steps in our mill production volume have increased during the year ended on 30 June, 2018 (cont. 5)

PRIMETEX 05-Dec-2018

(Continuation news of PRIMETEX): Note # 5: Inventories Tk. 961,236,427.00 for the year 2017-18 which made up as follows: Raw materials Tk. 414,297,592.00, Work-in-Process Tk. 127,150,104.00, Finished Goods Tk. 359,609,495.00, Waste Cotton Tk. 622,199.00 and Store, Spare, Packing Materials & Others Tk. 59,557,037.00. Inventories Tk. 448,675,515.00 for the year 2016-17 which made up as follows: Raw materials Tk. 195,492,164.00, Work-in-Process Tk 128,129,126.00, (cont. 4)

PRIMETEX 05-Dec-2018

(Continuation news of PRIMETEX): Reason for Decrease in NOCFPS: During the year company's net operating cash flow per share has decreased mainly due to payment against L/C for purchase of raw materials. Changes in inventory holding position: The management of the company explained in note # 5 to the financial statements the reasons as to why current year-end inventory holding position has increased in comparison with previous year. (cont. 3)

PRIMETEX 05-Dec-2018

(Continuation news of PRIMETEX): Note # 26 Net Operating Activities Cash Flows Per share (NOCFPS) 2017-18: Operating Cash Inflow/(Outflow) during the year Tk. (135,731,769.00), Number of Share 38,200,000 and Net Operating Cash Flow Per share (NOCFPS) Tk. (3.55). Net Operating Activities Cash Flows Per share (NOCFPS) 2016-17: Operating Cash Inflow/(Outflow) during the year Tk. 271,690,967.00, Number of Share 38,200,000 and Net Operating Cash Flow Per share (NOCFPS) Tk. 7.11. (cont. 2)

PRIMETEX 05-Dec-2018

(Emphasis of Matter): 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 2018. Emphasis of Matter: Without qualifying our opinion, we draw attention to the following matters: Negative operating cash flow: The management of the company explained in note # 26 to the financial statements its position as to why cash flow from operating activities in the current year is negative. (cont. 1)

PRIMETEX 02-Dec-2018

National Credit Ratings Limited (NCR) has announced the surveillance rating of the Company as "A+" in the long term and "ST-2" in the short term along with a stable outlook based on audited financial statements of June 30, 2018.

PRIMETEX 25-Nov-2018

Trading of the shares of the Company will resume on 26.11.2018 after record date.

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