WMSHIPYARD Earnings Update

(Continuation of repeat news of WMSHIPYARD-Q3): For the period of 9 (nine) months (July 2013 to March 2014) ended on 31 March 2014 profit after tax was Tk. 151.65 million and basic EPS was Tk. 2.35 as against profit after tax of Tk. 126.01 million and basic EPS of Tk. 1.95 for the same period of the previous year. It is to be noted that the said EPS has been calculated based on weighted average Pre-IPO paid-up number of shares i.e. 64,551,900 shares for both periods. However, considering Post-IPO 109,551,900 number of shares, Company's basic EPS would be Tk. 1.38 for 9 (nine) months ended on 31 March 2014 (July 2013 to March 2014) and NAV per share would be Tk. 39.49 as on 31 March 2014. (End)