RegulatoryMEGHNACEM

Brokers Asked to Suspend Margin Loans for MEGHNACEM Shares

Published
Last verified by BullBD

Announcement summary

What happened
Brokers and merchant bankers were asked to stop providing margin-loan facilities for purchases of MEGHNACEM shares.
Company
Meghna Cement Mills PLC.
Announcement published

Original announcement

(Continuation news of MEGHNACEM): Although try to open LC but it is demand by bank 120% margin against this LC. Interest rate increased from 9% to 14.50%, price of raw material increased significantly which result decrease in profit and EPS as well. During the period sales collection reduce. On the other hand increase in payment to suppliers resulted decrease in NOCFPS. (end)

বাংলা অনুবাদ — BullBD

This is a BullBD translation of the published corporate disclosure.

(মেঘনাসেমের ধারাবাহিক খবর): যদিও এলসি খোলার চেষ্টা করা হয়েছে কিন্তু এই এলসির বিপরীতে ব্যাঙ্কের 120% মার্জিনের চাহিদা রয়েছে। সুদের হার 9% থেকে বেড়ে 14.50% হয়েছে, কাঁচামালের দাম উল্লেখযোগ্যভাবে বৃদ্ধি পেয়েছে যার ফলস্বরূপ লাভ এবং EPSও হ্রাস পেয়েছে। সময়ের মধ্যে বিক্রয় সংগ্রহ হ্রাস পায়। অন্যদিকে সরবরাহকারীদের অর্থপ্রদান বৃদ্ধির ফলে NOCFPS হ্রাস পেয়েছে। (শেষ)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
679eec58658c52fc9674b512
Original publication
Last verified by BullBD
Translation
BullBD
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