RegulatoryBATASHOE
Brokers Asked to Suspend Margin Loans for BATASHOE Shares
Announcement summary
- What happened
- Brokers and merchant bankers were asked to stop providing margin-loan facilities for purchases of BATASHOE shares.
- Company
- Bata Shoe Company (Bangladesh) Limited
- Announcement published
Original announcement
(Continuation news of BATASHOE): i) Generally, around 25% of business comes during Eid festival and at the same time high value products also sells during this period which generate a high margin. These opportunities washed out due to the pandemic of Covid-19. For that reason, the company achieved only 15% of revenue against last year same period which affected negatively on Gross profit as well as PBT and EPS. (cont. 2)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040056944
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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