Corporate DisclosureBSRMSTEEL
BSRMSTEEL Corporate Disclosure — 24 October 2021
Announcement summary
- What happened
- BSRMSTEEL published a corporate disclosure on 24 October 2021. Read the full announcement for details.
- Company
- BSRM Steels Limited
- Announcement published
Original announcement
(Continuation news of BSRMSTEEL): Since investment in associate has converted to investment in financial asset, the company has to record this asset at fair value as per requirement of lAS28. At the time of derecognition of investment in Associates, BSRM Steels limited recognized gain/loss (difference between fair value and carrying amounts) in profit & loss accounts. For this reason, the company recorded loss (1,012,671,667). (cont. 4)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 6174f4bd03147376ea82a52a
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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