Corporate DisclosureSALAMCRST

SALAMCRST Corporate Disclosure — 24 November 2019

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Announcement summary

What happened
SALAMCRST published a corporate disclosure on 24 November 2019. Read the full announcement for details.
Company
S. Alam Cold Rolled Steels Ltd.
Announcement published

Original announcement

Other Matter: Without qualifying our opinion we would like to draw attention to the fact disclosed in note 5.01 to the Financial Statements. Note 05.01 S. Alam Power Generation Ltd. started commercial operation of 17MW captive power plant in the month of August 2016. But immediately after the commencement of commercial operation, fuel price has been increased by the authority. As a result, electricity that would have been produced by use of high cost fuel will not be feasible. Under such (cont.1)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616aceb25a6b00004005819c
Original publication
Last verified by BullBD
Translation
BullBD
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