RegulatoryENVOYTEX
Brokers Asked to Suspend Margin Loans for ENVOYTEX Shares
Announcement summary
- What happened
- Brokers and merchant bankers were asked to stop providing margin-loan facilities for purchases of ENVOYTEX shares.
- Company
- Envoy Textiles Limited
- Announcement published
Original announcement
(Continuation news of ENVOYTEX): freight charges and shipment delays, forcing the Company to compromise prices to stay afloat. COGS increased by 0.97% because of these reasons, resultant GP margin reduced by 0.51%, even though revenue slightly increased in last quarter of the reporting year. Net profit before tax increased by 1.02% but the net profit after tax reduced by 65.43% due to an adjustment in provisioning for deferred income tax. (cont. 3)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace4e5a6b00004005226d
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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