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SAMATALETH

All Eps Dividend Board Agm Q1 Q2 Q3

SAMATALETH 08-Dec-2019

Referring to their earlier news disseminated on 03.11.2019 regarding dividend declaration, the Company has further informed that in compliance with BSEC Notification No. BSEC/CMRRCD/2009-193/222/Admin/91 dated May 23, 2019, the Board of Directors has proposed 2% cash dividend from the profit of the year 2018-2019 instead of earlier declared 2% stock dividend. The Company also informed that the issue of declaration of cash dividend will be placed in the AGM for approval of the shareholders.

SAMATALETH 27-Nov-2019

(Continuation news of SAMATALETH): and as on 30 Jun 2018 was Tk. 18,109,599. 10. Disclosures regarding the calculation of Net Asset Value (NAV) per share and Net Operating Cash Flow (NOCF) per share as required by BSEC notification no. BSEC/CMRRCD/2006-158/208/admin/81 dated 20 June 2018 has not been provided in notes to the financial statements. (end)

SAMATALETH 27-Nov-2019

(Continuation news of SAMATALETH): resulting understatement of profit. 9. Without paying instalment against land amounting to Tk. 1,818,000 the amount has been recognized as advance instalment against land (note 9b) by crediting liability. Note: 9(b): Deposit and Pre-payments: Installment against Land (Tannery Estate-Dhaka) as on 30 June 2019 was Tk. 18,109,599 (cont.5)

SAMATALETH 27-Nov-2019

(Continuation news of SAMATALETH): 7. iii) Chemical Consumed Tk. 2,864,925. It is apparent from the statement of comprehensive income that the company made export sale during the year. But effects of changes in foreign exchange rates has not been made in the financial statements in accordance with para 28 of IAS 21. 8. Full year?s depreciation has been charged on addition to property, plant and equipment rather complying para 55 of IAS 16 as such excess depreciation has been charged (cont.4)

SAMATALETH 27-Nov-2019

(Continuation news of SAMATALETH): 6. Turnover and purchase of raw materials as disclosed in notes # 14 and 15 are not supported by documents (Mushak-19) made available to us. Note: 14.00: Turnover & Other Income: Turnover for the year ended on 30 June 2019 was Tk. 90,423,860 and for the year ended on 30 June 2018 was Tk. 63,588,768. Note: 15.00: Cost of Sales: Purchase of raw materials for the year ended on 30 June 2019 was i) Materials Consumed (Cow) Tk. 34,839,178 ii) Work in Progress Tk. 0 (cont. 3)

SAMATALETH 27-Nov-2019

(Continuation news of SAMATALETH): with para 41 of IAS 16. 4. Transfer of Workers Profit Participation Fund (WPPF) previously made (30 June 2018) attributable to Workers Welfare Foundation Fund established under section of 14 of Bangladesh Workers Welfare Foundation Act, 2006, has not been made in accordance with section 234 of Labor Act 2006 (amended in 2013). 5. Deferred tax liability/(Asset) in accordance with IAS 12 "Income Taxes" has not been recognised in the financial statements. (cont. 2)

SAMATALETH 27-Nov-2019

Qualified Opinion: 1. Charges of depreciation has not been properly made in the profit or loss and other comprehensive income in accordance with para 48 of IAS 16. 2. Para 31 and 34 of IAS 16 for sufficient regularity and frequency of revaluation respectively. 3. Annual transfer of revaluation reserve to retained earnings on the difference between depreciation based on the revalued carrying amount of the asset and depreciation based on the asset's original cost has not been made in accordance (cont. 1)

SAMATALETH 26-Nov-2019

Referring to their earlier news disseminated by DSE on 03.11.2019 regarding dividend declaration, corporate benefit was not adjusted in connection with declaration of 2 % stock dividend as they did not comply the BSEC Notification No. BSEC/CMRRCD/2009-193/222/admin/91 dated May 23, 2019. BSEC instructed not to further process (provisional crediting of bonus shares to respective BO accounts with regard to corporate action) until final approval at AGM as well as disposal of said violation.

SAMATALETH 25-Nov-2019

Trading of the Shares of the Company will resume on 26.11.2019 after record date.

SAMATALETH 24-Nov-2019

Trading of the shares of the Company will remain suspended on record date i.e., 25.11.2019.

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