ALLTEX Earnings Update

(continuation of news of ALLTEX): 2.00. We could not confirm physical existence of Property, Plant and Equipment amounting to Tk. 1,196.04 million as at 30 June 2014 as shown in the accompanying financial statements for non-availability of proper Fixed Assets Register with identification code and sub-code etc. 3.00. Financing Charges (Interest expenses amounting to Tk. 174.89 million accrued during the year under audit against outstanding bank loan amount to Tk. 1,722.77 million, has not been provided for in the statement of comprehensive Income, rather considered as contingent liabilities resulting in overstatement of profit by Tk. 174.89 million, and EPS of Tk. 3.64 (Ref. Note 30.00 and 37.00)" (end).