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SUMITPOWER

All Eps Dividend Board Agm Q1 Q2 Q3

SUMITPOWER 14-Oct-2019

(Continuation news of SUMITPOWER): subject to extension the term of contract on the basis of mutual agreement. Under these provisions, on 17 August 2015 Management had applied to BREB for extension of the PPA for 15 years, Subsequently, BREB has recommended to Power Division of Ministry of Power, Energy and Mineral Resources of Bangladesh for an extension of only 5 years. (cont. 4)

SUMITPOWER 14-Oct-2019

(Continuation news of SUMITPOWER): Note 1.3 Ashulia Power Plant (Unit-I), Madhabdi Power Plant (Unit-I) and Chandina Power Plant (Unit-I) - extension of Power Purchase Agreement: The Group contracted with Bangladesh Rural Electrification Board ("BREB") for Power Purchase Agreement ("PPA") on 10 February 2000 to supply electricity from Ashulia power plant, Madhabdi power plant and Chandina power plant ("the plants") for 15 years to 31 August 2018(cont. 3)

SUMITPOWER 14-Oct-2019

(Continuation news of SUMITPOWER): which is yet to be signed and effective from 01 September 2018 for Ashulia, Chandina and Madhabdi - 11 MW power plants each. Our opinion is not qualified in respect of the above matters. Note 11.1 Consumable others: The amount of consumable others consolidated balance was Tk. 573,222,558.00 for the year ended on 30 June 2019 and Tk. 531,213,931.00 for the year ended on 30 June 2018. (cont. 2)

SUMITPOWER 14-Oct-2019

Emphasis of Matter: Auditor draws attention to the following notes to the financial statements: Note 11.1 wherein Management has explained that the receivables from Bangladesh Rural Electrification Board (BREB) is recoverable based on the outcome of writ petition filed in the High Court Division of the Honorable Supreme Court. Note 1.3 wherein the Management has explained that it is currently in negotiations with BREB for amendment of Power Purchase Agreement (PPA), (cont. 1)

SUMITPOWER 23-Sep-2019

There will be no price limit on the trading of the shares of the Company today (23.09.2019) following its corporate declaration.

SUMITPOWER 23-Sep-2019

The Board of Directors has recommended 35% cash dividend for the year ended on June 30, 2019. Date of AGM: 24.11.2019, Time: 11:30 AM, Venue: Krishibid Institution Bangladesh Complex (KIB), Krishi Khamar Sarak (Khamarbari), Farmgate, Dhaka-1215. Record Date: 17.10.2019. The Company has also reported EPS of Tk. 4.78, NAV per share of Tk. 32.40 and NOCFPS of Tk. 5.67 for the year ended on June 30, 2019 as against Tk. 4.40, Tk. 31.26 and Tk. 4.54 respectively for the same period of the previous year.

SUMITPOWER 16-Sep-2019

As per Regulation 19(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 September 22, 2019 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2019.

SUMITPOWER 23-Apr-2019

(Q3 Un-audited): Consolidated EPS was Tk. 1.02 for January-March 2019 as against Tk. 1.03 for January-March 2018; Consolidated EPS was Tk. 3.56 for July 2018-March 2019 as against Tk. 3.39 for July 2017-March 2018. Consolidated NOCFPS was Tk. 3.28 for July 2018-March 2019 as against Tk. 3.55 for July 2017-March 2018. Consolidated NAV per share was Tk. 31.65 as on March 31, 2019 and Tk. 31.26 as on June 30, 2018.

SUMITPOWER 17-Apr-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 April 22, 2019 at 12:00 Noon to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2019.

SUMITPOWER 31-Jan-2019

(Continuation news of SUMITPOWER): This land was originally purchased by SPL, keeping in mind the future expansion strategy of the company. The board has also approved acquisition of land conjoining the power plant, if required. Registration and other required formalities for the transfer of this land to the transferee are in due process. (end)

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