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SALVO

All Eps Dividend Board Agm Q1 Q2 Q3

SALVO 16-Nov-2020

(Continuation news of SALVOCHEM): BSEC/CMRRCD/2009-193/217/Admin/90 dated May 21, 2019. Now, Sponsors of the company jointly hold 22.14% shares of the company. (end)

SALVO 16-Nov-2020

(Continuation news of SALVOCHEM): on 18.04.2011 and 20.04.2011 respectively. Trading of stocks was started in the both houses since 21 April 2011. The corona virus (COVID-19) pandemic has created major disruptions of our country in the economy and the businesses operations as well as our personal life & wealth. As a result, Directors of our company need extra time to acquire the shortfall 7.86% shares to comply with the BSEC's Notification No. (cont.2)

SALVO 16-Nov-2020

The auditor of the Salvo Chemical Industry Limited has given the "Emphasis of Matter" paragraph in the Auditor's Report for the year ended on 30 June 2020. Emphasis of Matter: We may draw attention to the fact disclosed in note- 12.00. Note 12- Share capital: Among other issues, the auditor has referred that, The stocks of the company were listed with the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. (cont.1)

SALVO 15-Nov-2020

(Q1 Un-audited): EPS was Tk. 0.20 for July-September 2020 as against Tk. 0.14 for July-September 2019; NOCFPS was Tk. 0.42 for July-September 2020 as against Tk. 0.28 for July-September 2019. NAV per share was Tk. 12.66 as on September 30, 2020 and Tk. 12.46 as on June 30, 2020.

SALVO 09-Nov-2020

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 14, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.

SALVO 29-Oct-2020

Referring to their earlier news disseminated by DSE on 29.10.2020 regarding Decision to set up progressive plant of Corn Starch, the Company has further informed that with the new manufacturing units, the Company will produce around 25,000 Metric Ton Corn Starch per year. Total estimated project cost will be BDT 70.00 crore.

SALVO 29-Oct-2020

(Continuation news of SALVOCHEM): With the new manufacturing units, the Company will produce around 25,000 Metric Ton Corn Starch per year. This project will be cost effective for the Company with the existing business set up. (end)

SALVO 29-Oct-2020

The Company has informed that the Board of Directors has decided to set up progressive plant of Corn Starch with existing Liquid Glucose unit to grab the huge potential market at food, pharmaceutical, paper and textile industry at Bangladesh. Through implementing the project, the Company will be able to improve the excellence for producing raw material of Liquid Glucose unit at its own plant which will reduce cost of materials as well as unique product for sale. (cont.)

SALVO 29-Oct-2020

There will be no price limit on the trading of the shares of the Company today (29.10.2020) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

SALVO 29-Oct-2020

The Board of Directors has recommended 1% cash dividend for the year ended on June 30, 2020. Date of AGM: 24.12.2020, Time: 10:00 AM, Venue: To be notified later. Record Date: 23.11.2020. The Company has also reported EPS of Tk. 0.30, NAV per share of Tk. 12.46 and NOCFPS of Tk. 0.54 for the year ended on June 30, 2020 as against Tk. 0.61, Tk. 12.15 and Tk. 2.38 respectively for the same period of the previous year.

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