CVOPRL Earnings Update

(H/Y): As per un-audited half yearly accounts as on 31.12.2013 (July'13 to Dec'13), the Company has reported net profit/(loss) after tax of Tk. (40.17) m. with EPS of Tk. (2.03) as against Tk. 12.79 m. and Tk. 0.65 respectively for the same period of the previous year. Whereas net profit/(loss) after tax was Tk. (5.51) m. with EPS of Tk. (0.28) for the period of 3 months (Oct'13 to Dec'13) ended on 31.12.2013 as against Tk. 8.52 m. and Tk. 0.43 respectively for the same period of the previous year. Accumulated profit/(loss) of the Company was Tk. (26.11) m. as on 31.12.2013. In the footnote, the Company has reported that there was no turnover during the period due to closure of the factory (Pilot Plant) since May 2012 for installation of new refinery plant.