Corporate DisclosurePOWERGRID

POWERGRID Corporate Disclosure — 18 February 2018

Published
Last verified by BullBD

Announcement summary

What happened
POWERGRID published a corporate disclosure on 18 February 2018. Read the full announcement for details.
Company
Power Grid Company of Bangladesh Ltd.
Announcement published

Original announcement

(Continuation news of POWERGRID): We have visited 20 Grid Maintenance Division (GMD) offices involving the inventories value amounting to BDT 900,510,759 resulting unrecorded inventories of Tk. 93,162,943, which indicates incomplete reporting in the financial statements. We also found that inventory register was not maintained properly. As a result, we are unable to confirm the physical existence of the items of inventories and thereby its value as on 30 June 2017. (Cont. 4)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616acef05a6b00004005d52d
Original publication
Last verified by BullBD
Translation
BullBD
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