Corporate DisclosureRAKCERAMIC
RAKCERAMIC Corporate Disclosure — 27 October 2021
Announcement summary
- What happened
- RAKCERAMIC published a corporate disclosure on 27 October 2021. Read the full announcement for details.
- Company
- RAK Ceramics (Bangladesh) Limited
- Announcement published
Original announcement
(Continuation news of RAKCERAMIC): because of COVID - 19 impact. Reduction of tax rate by 2.5% as per Finance Act 2021 impacting profit after tax eventually, improving earnings per share. But, cash collection from the customers has not been increased in same proportion due to allowing additional credit term during the pandemic period which is impacting in net operating cash flow inversely. As a result, net operating cash flow per share has been reduced from BDT. 1.05 to BDT. 0.41. (end)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 6178cefd03147376eab51156
- Original publication
- Last verified by BullBD
- Translation
- BullBD
More news from RAKCERAMIC
Financial information is provided for general reference only and may be revised by the company. BullBD is not the official DSE website. Not investment advice.