Corporate DisclosureGEMINISEA
GEMINISEA Corporate Disclosure — 31 October 2021
Announcement summary
- What happened
- GEMINISEA published a corporate disclosure on 31 October 2021. Read the full announcement for details.
- Company
- Gemini Sea Food PLC
- Announcement published
Original announcement
(Continuation news of GEMINISEA): increasingly years to year. The Advances, Deposits & Pre-payments of the Company is amounting to Tk. 125,831,039 out of which Tk. 118,312,147 represents the advance to suppliers that increase year to year. In our opinion, in spite of huge quantity of existing inventories, there is no justification of the said advances to the suppliers to procure inventories. Therefore, unnecessary blockage of the working capital affect the earnings of the Company and (cont.3)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 617e5f8603147376eae72c14
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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