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SONARBAINS

All Eps Dividend Board Agm Q1 Q2 Q3

SONARBAINS 22-Jul-2019

(Q2 Un-audited): Consolidated EPS was Tk. 0.39 for April-June 2019 as against Tk. 0.40 for April-June 2018; Consolidated EPS was Tk. 0.96 for January-June 2019 as against Tk. 0.92 for January-June 2018. Consolidated NOCFPS was Tk. 0.71 for January-June 2019 as against Tk. 0.43 for January-June 2018. Consolidated NAV per share was Tk. 18.69 as on June 30, 2019 and Tk. 17.73 as on June 30, 2018.

SONARBAINS 16-Jul-2019

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 July 21, 2019 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2019.

SONARBAINS 02-Jul-2019

Mr. Ganga Charan Malakar, one of the Sponsors of the Company, has further reported that he has completed his sale of 5,00,000 shares whereas Md. Belal Hossain, Md. Motaleb Hossain, Mr. Sheikh Kabir Hossain and Md. Ruhul Amin, all are Sponsors Directors of the Company, have further reported that they have completed their buy of 3,20,000, 1,00,000, 50,000 and 30,000 shares respectively of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 26 June 2019.

SONARBAINS 26-Jun-2019

Mr. Ganga Charan Malakar, one of the Sponsors Directors of the Company, has expressed his intention to sell 5,00,000 shares out of his total holding of 12,59,162 whereas Md. Belal Hossain, Md. Motaleb Hossain, Mr. Sheikh Kabir Hossain and Md. Ruhul Amin, all are Sponsors Directors of the Company have expressed their intentions to buy 3,20,000, 1,00,000, 50,000 and 30,000 shares respectively at prevailing market price (in the Block Market) through Stock Exchange (DSE) within next 30 working days.

SONARBAINS 27-May-2019

Trading of the shares of the Company will resume on 28.05.2019 after record date.

SONARBAINS 26-May-2019

Trading of the shares of the Company will remain suspended on record date i.e., 27.05.2019.

SONARBAINS 22-May-2019

(Continuation news of SONARBAINS): The Management should resolve the issue as early as possible. Also the management should adjust the amount with advance against Company Tax. v. Though tax assessment issues are under litigation and actual scenario is contingent, the Company calculates deferred tax as lump sum basis. The management should calculate deferred tax as per BAS12. (end)

SONARBAINS 22-May-2019

(Continuation news of SONARBAINS): and having conformity with the records of the Company. Management should take proper initiative to realize the balance as early as possible. iv. As described in the note 9.1 in the financial statements regarding liability for taxation, in this case actual demand of the tax authority is higher than the liability recognized in the financial statements, so the actual liability is contingent and issue is under process of litigation. (cont.3)

SONARBAINS 22-May-2019

(Continuation news of SONARBAINS): ii. The management needs to make arrangement to introduce the Workers Profit Participation Fund (WPPF) in the company with compliance of applicable rules and regulations. iii. As disclosed in the Balance Sheet of the financial statements regarding amount due from other persons or bodies carrying on insurance business amounting to Tk. 105,956,363 balance laying on the Sadharan Bima Corporation (cont.2)

SONARBAINS 22-May-2019

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 31 December 2018. Emphasis of Matter: i. As disclosed in the note 15.00 of the financial statements regarding sundry debtors, in respect of reinsurance portfolio premium amounting to Tk. 87,591,345. Management should take necessary steps to realize/adjust the balances. (cont.1)

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