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TITASGAS

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TITASGAS 11-Nov-2015

There will be no price limit on the trading of the shares of the Company today (11.11.2015) following its corporate declaration.

TITASGAS 11-Nov-2015

The Board of Directors has recommended 15% cash dividend for the year ended on June 30, 2015. Date of AGM: 22.12.2015, Time: 10:00 AM, Venue: Officers' Club, Dhaka. Record Date: 01.12.2015. The Company has also reported EPS of Tk. 8.98, NAV per share of Tk. 58.36 and NOCFPS of Tk. 10.21 for the year ended on June 30, 2015.

TITASGAS 02-Nov-2015

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 10, 2015 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, 2015.

TITASGAS 02-Nov-2015

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 November 10, 2015 at 3.00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2015.

TITASGAS 29-Apr-2015

(Q3-Unaudited): Net Profit after tax from Jan'15 to March'15 was Tk. 1,852.16 million with EPS of Tk. 1.87 as against Tk. 1,951.79 million and Tk. 1.97 respectively for the same period of the previous year. Whereas Net Profit after tax from July'14 to March'15 was Tk. 6,124.26 million with EPS of Tk. 6.19 as against Tk. 6,154.75 million and Tk. 6.22 respectively for the same period of the previous year.

TITASGAS 29-Jan-2015

(H/Y Un-audited): Net profit after tax from July'14 to Dec'14 was Tk. 4,272.10 million with EPS of Tk. 4.32 as against Tk. 4,202.97 million and Tk. 4.25 respectively for the same period of the previous year. Whereas Net profit after tax from Oct14 to Dec14 was Tk. 2,133.53 million with EPS of Tk. 2.16 as against Tk. 2,064.39 million and Tk. 2.09 respectively for the same period of the previous year.

TITASGAS 16-Nov-2014

(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2014 (July'14 to Sep'14), the Company has reported net profit after tax of Tk. 2,347.88 million with EPS of Tk. 2.37 as against Tk. 2,138.57 million and Tk. 2.16 respectively for the same period of the previous year.

TITASGAS 10-Nov-2014

(Continuation of News of TITASGAS): c) During the year, the Company has accounted for revenue amounting Taka 660 million, which is related to previous years. The related cost of sales of this revenue has already been charged in previous years. This is a non-compliance of relevant Bangladesh Accounting Standard, which requires that the amount should be accounted for retrospectively and financial statements for the previous years' need to be re-stated but this has not been done. As a result, apart from the non-compliance of relevant Bangladesh Accounting Standard as indicated above, net profit before tax for the year ended 30 June 2014 has been overstated by Taka 660 million." (end)

TITASGAS 10-Nov-2014

(Continuation of News of TITASGAS): b) Deferred tax assets and liabilities amounting to Taka 1,640 million and Taka 810 million respectively have not been accounted for in the accompanying financial statements. As a result, after netting of deferred tax assets with deferred tax liabilities, deferred tax assets and related deferred tax income and hence net profit after tax have been understated by Taka 830 million; and (Cont.-3)

TITASGAS 10-Nov-2014

(Continuation of News of TITASGAS): Similarly, Customers' security deposit amounting to Taka 8,792 million appears in the statement of financial position as on 30 June 2014. The Zone offices out of the above total customers' security deposit confirmed balances of Taka 3,588 million against general ledger balance of Taka 3,455 million having a difference of Taka 133 million which remained unreconciled. Moreover, Zone offices have not confirmed general ledger balances of Taka 5,338 million (Taka 8,793 million less Taka 3,455 million) and as a result, this balance could not be verified satisfactorily;" (Cont.-2)

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