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SSSTEEL

All Eps Dividend Board Agm Q1 Q2 Q3

SSSTEEL 05-Jan-2021

(Continuation news of S. S. Steel Limited): However, S.S. Steel Limited did not contribute any fund to the Bangladesh Workers' Welfare Foundation Fund, a non-compliance of the aforesaid section. 3. As per Section 99 of the Bangladesh Labour Act 2006 and as amended, the following is required "In the establishments wherein minimum of 100 permanent workers are employed, must introduce group insurance in the manner prescribed by rules". However, during the year, the company did not (cont.3)

SSSTEEL 05-Jan-2021

(Continuation news of S. S. Steel Limited): 2. Reference to Note # 20, "Provision for Workers Profit Participation Fund (WPPF) and welfare fund" As per section 234 (b) of the Bangladesh Labour Act 2006 and as amended, every company shall pay to the Workers Participation Fund, Welfare Fund and Bangladesh Workers' Welfare Foundation Fund, not later than nine months from the close of that year, five percent of its net profit during such year in the ratio of 80:10:10. (cont.2)

SSSTEEL 05-Jan-2021

The auditor of the S. S. Steel Limited has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 30 June 2020. Qualified Opinion: 1. Reference to Note # 15, "Deferred tax liabilities" includes Taka 300,594,882 remained unverified/unaudited because of unavailability of documents relating to tax base carrying amount. As a result, the compliance with IAS-12 Income Taxes in regard of confirming the deferred tax liabilities remains unconcluded. (cont.1)

SSSTEEL 07-Dec-2020

Trading of the shares of the Company will resume on 08.12.2020 after record date.

SSSTEEL 06-Dec-2020

Trading of the shares of the Company will remain suspended on record date i.e., 07.12.2020.

SSSTEEL 02-Dec-2020

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 03.12.2020 to 06.12.2020. Trading of the shares of the Company will remain suspended on record date i.e., 07.12.2020.

SSSTEEL 22-Nov-2020

(Q1 Un-audited): Consolidated EPS was Tk. 0.71 for July-September 2020 as against Tk. 0.79 (Solo) for July-September 2019; Consolidated NOCFPS was Tk. (1.53) for July-September 2020 as against Tk. 0.14 (Solo) for July-September 2019. Consolidated NAV per share (with revaluation) was Tk. 19.27 as on September 30, 2020 and Tk. 17.48 (Solo) as on June 30, 2020; Consolidated NAV per share (without revaluation) was Tk. 16.82 as on September 30, 2020 and Tk. 14.98 (Solo) as on June 30, 2020.

SSSTEEL 18-Nov-2020

The Company has further informed that meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on November 21, 2020 at 5:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2020.

SSSTEEL 16-Nov-2020

The Company has also informed that reasons for significant deviation in EPS and NOCFPS: EPS: Due to the outbreak of deadly Corona Virus (COVID 19), revenue declined compared to last year. As a result, EPS has decreased in the year of 2019-2020. NOCFPS: During this period, the Company has received cash from customer greater than previous period as a result cash flow increased. On the other hand, cash outflow for suppliers and other payments has decreased. Therefore, NOCFPS has increased significantly.

SSSTEEL 16-Nov-2020

There will be no price limit on the trading of the shares of the Company today (16.11.2020) 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.

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