EarningsBIFC

BIFC Earnings Update

Published
Last verified by BullBD

Announcement summary

What happened
BIFC published a corporate disclosure on 25 July 2017. Read the full announcement for details.
Company
Bangladesh Industrial Fin. Co. Ltd.
Announcement published

Original announcement

(Continuation news of BIFC): in financial statements of the company. This less provision has been made defying FID circular No. 06 dated 20 August 2006. The effect of such short provision overstated profit and adverse on EPS. 2. Interest Suspense: According to FID circular No. 06 dated 20 August 2006 Interest Suspense Account at the year end 31 December 2016 is required to be made for Tk. 631,924,656.00 but the company's management has created an amount of Tk. 359,972,546.00 only (cont. 2)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616acf0d5a6b00004005f01d
Original publication
Last verified by BullBD
Translation
BullBD
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