Corporate DisclosureMATINSPINN
MATINSPINN Corporate Disclosure — 31 October 2021
Announcement summary
- What happened
- MATINSPINN published a corporate disclosure on 31 October 2021. Read the full announcement for details.
- Company
- Matin Spinning Mills PLC
- Announcement published
Original announcement
(Cont. MATINSPINN): Decreased in NOCFPS: MSML sales proceeds complete through B2B deferred LC for 90-120 days. As per huge demand of cotton-based produce in Q3 and Q4 of RMG Sector, Matin Spinning Mills Limited yarn delivery in Q3 and Q4 increased up to Tk. 2835 million under B2B LC. For this reasons receivable increased significantly. During the reporting period receivables has increased due to un-realization of receivable that would be received in due course as receivables are covered by LCs. (cont.3)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 617e101203147376ead763f4
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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