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SALAMCRST

All Eps Dividend Board Agm Q1 Q2 Q3

SALAMCRST 24-Nov-2021

Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2021.

SALAMCRST 22-Nov-2021

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 23.11.2021 to 24.11.2021. Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2021.

SALAMCRST 14-Nov-2021

(Continuation news of SALAMCRST): The borrowing cost of the Plant & Machinery were capitalized in accordance with clause 20 to 23 of IAS 23- Borrowing cost. The management at present considering the option to re-start the production with costly fuel in order to meet the power requirement of S. Alam Cold Rolled Steels Limited and another heavy industry being erected nearby and expects that both the industry shall be able to utilize full production of S. Alam Power Generation Ltd. (end)

SALAMCRST 14-Nov-2021

(Continuation news of SALAMCRST): 17 MW Captive Power Plant in August 2016 with natural gas. But immediately after commencement of commercial operation the price of Natural gas was increased by the government. The management observed that producing electricity by using high cost natural gas will not be feasible as entire output will not be required by S. Alam Cold Rolled Steels Limited alone., hence decided not to produce any power. (cont.2)

SALAMCRST 14-Nov-2021

The auditor of the S. Alam Cold Rolled Steels Ltd has given the "Emphasis of matter" paragraphs in the Auditor's Report for the year ended on 30 June, 2021. Emphasis of matter: We draw attention to note 5.01 to the consolidated financial statements, which describes why the Group had stopped producing electricity and reason for capitalization of borrowing cost. Note 5.01: S Alam Power Generation Ltd., a subsidiary of the company commenced commercial operation of (cont.1)

SALAMCRST 14-Nov-2021

(Q1 Un-audited): EPS was Tk. 0.19 for July-September 2021 as against Tk. 0.22 for July-September 2020; NOCFPS was Tk. 4.19 for July-September 2021 as against Tk. (16.37) for July-September 2020. NAV per share was Tk. 19.08 as on September 30, 2021 and Tk. 18.89 as on September 30, 2020. Net operating cash flow per share has increased due to increase of collection from the customers as compared to the corresponding previous period.

SALAMCRST 08-Nov-2021

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 11, 2021 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2021.

SALAMCRST 04-Nov-2021

There will be no price limit on the trading of the shares of the Company today (04.11.2021) following its corporate declaration.

SALAMCRST 04-Nov-2021

(Continuation news of SALAMCRST): The Board has also informed that reason for significant deviation in EPS & NOCFPS as follows: EPS: Net profit after tax has increased due to enhancement of revenue. NOCFPS: Payment to suppliers during the reporting period gone up significantly over the previous period has resulted in significant decrease in NOCFPS, although current year collection from customers gone up in comparison to corresponding previous year. (end)

SALAMCRST 04-Nov-2021

The Board of Directors has recommended 10% cash dividend for the year ended on June 30, 2021. Date of AGM: 15.01.2022, Time: 10:30 AM, Venue: Chittagong Club, Chittagong. Record date: 25.11.2021. The Company has also reported Consolidated EPS of Tk. 0.88, Consolidated NAV per share of Tk. 18.89 and Consolidated NOCFPS of Tk. (21.75) for the year ended on June 30, 2021 as against Tk. 0.55, Tk. 19.01 and Tk. 9.19 respectively for the same period of the previous year. (cont.)

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