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RAHIMAFOOD

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RAHIMAFOOD 16-Nov-2014

There will be no price limit on the trading of the shares of the Company today (16.11.2014) following its corporate declaration.

RAHIMAFOOD 16-Nov-2014

The Board of Directors did not recommend any dividend for the year ended on June 30, 2014. Date of AGM: 24.12.2014, Time: 10:30 AM, Venue: Factory Premises of the Company, Uttar Rupshi, Rupgonj, Narayangonj. Record Date: 04.12.2014. The Company has also reported EPS of Tk. (0.80), NAV per share of Tk. 3.65 and NOCFPS of Tk. 0.06 for the year ended on June 30, 2014.

RAHIMAFOOD 13-Nov-2014

As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on November 14, 2014 at 4:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2014.

RAHIMAFOOD 04-May-2014

(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2014 (Jan'14 to March'14), the Company has reported net profit/(loss) after tax of Tk. (5.15) million with EPS of Tk. (0.26) as against Tk. 0.64 million and Tk. 0.03 respectively for the same period of the previous year. Whereas net profit/(loss) after tax was Tk. (15.19) million with EPS of Tk. (0.76) for the period of nine months (July'13 to March'14) ended on 31.03.2014 as against Tk. 7.80 million and Tk. 0.39 respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (136.72) million as on 31.03.2014.

RAHIMAFOOD 22-Apr-2014

In response to a CSE query dated April 21, 2014, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

RAHIMAFOOD 02-Feb-2014

(H/Y): As per un-audited half yearly accounts as on 31.12.2013 (July'13 to Dec'13), the Company has reported net profit/(loss) after tax of Tk. (10.04) million with EPS of Tk. (0.50) as against Tk. 7.16 million and Tk. 0.36 respectively for the same period of the previous year. Whereas net profit/(loss) after tax was Tk. (7.72) million with EPS of Tk. (0.39) for the period of 3 months (Oct'13 to Dec'13) ended on 31.12.2013 as against Tk. 3.81 million and Tk. 0.19 respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (131.57) million as on 31.12.2013.

RAHIMAFOOD 17-Dec-2013

The Company will be placed in "Z" category from existing "A" category with effect from December 18, 2013 in accordance with the regulation 4 of the Settlement of Stock Exchange Transactions Regulations, 1998 as the Company is not in continuous operation for more than 6 (six) months.

RAHIMAFOOD 09-Dec-2013

(Continuation of Repeat news of RAHIMAFOOD): In our opinion, production capacity must be utilized at the optimum level to strengthen the financial position of the Company. Further, it is mentioned that as of 30 June, 2013 the cumulative balance of retained earning stands on negative balance amounting to TK. 112,132,777 and indebted to the extent of TK. 942,883,261 consisting of short term bank loan. All these facts indicate significant uncertainty as to the Company's ability to repay the liabilities. 3. Cost of Goods Sold (COGS): The Cost of Goods Sold represents 98.14% of the total turnover, which is the higher side and it was also 97.53% in the last year. (Cont.-3)

RAHIMAFOOD 09-Dec-2013

(Repeat): (Auditor's Observation): The Auditor of the company has given the following observations in the audit report of the company for the year ended on 30 June 2013: "1.Turnover & Accounts Receivables: About 95% of total turnover during the year are sold to M/s. Mohd. Elias Brothers (Pvt) Ltd. as deferred payment basis. Only due to this reason, an amount of Tk. 977,459,926 has become receivable to the said party. As per management opinion, goods have been sold on deferred payment basis rather than in cash to get better price than normal market price and this was done to avoid substantial loss, which was very inevitable. The transaction have been made through a deed of agreement and secured by un-dated cheque for Tk. 89 crore. (Cont.-1)

RAHIMAFOOD 02-Dec-2013

(Continuation of news of RAHIMAFOOD): The main reason of the higher COGS is as for the vicious spiral of the direct materials etc. that is explained by the management. In our opinion, to ensure the steady profit, unit sales price of products should be increased as per affordable market situation. 4. Workers' Profit Participation Fund: The Company's profit has not been distributed to the Workers as per provision of Bangladesh Labour Act, 2006 and constitution of the fund is no as per the ACT. (Cont.-4)

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