News Briefs--(14-8-2018)

NCR rates FAS Finance 'A'

National Credit Ratings Limited (NCR) has announced the surveillance rating of FAS Finance & Investment Limited as ''A'' in the long term & ''ST-2'' in the short term along with a developing outlook based on audited financial statements of the company as on December 31, 2017.

Auditor's

opinion

NLI First Mutual Fund: The auditor of the fund has given the following emphasis of matter in the audit report of the fund for the year ended on 30 June 2018: ''Emphasis of Matter: We draw attention to note 3 to the financial statements which disclose that unrealized gain on marketable securities has been taken directly to balance sheet as part of equity instead of income statement. Our opinion is not qualified in respect of this matter.''

Southeast Bank 1st Mutual Fund: The auditor of the fund has given the following Emphasis of Matter in the audit report of the Fund for the year ended on 30 June 2018: ''Emphasis of Matter: We draw attention to note 3 to the financial statements which disclose that unrealized gain on marketable securities has been taken directly to balance sheet as part of equity instead of income statement. Our opinion is not qualified in respect of this matter.''

Dividend

disbursement

Islami Insurance Bangladesh Ltd.: The bonus shares of the company for the year ended on December 31, 2017 have already been credited through CDBL to the respective shareholders' BO A/Cs on August 09, 2018. It has also disbursed the cash dividend to the respective shareholders.

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