RegulatorySINGERBD
Brokers Asked to Suspend Margin Loans for SINGERBD Shares
Announcement summary
- What happened
- Brokers and merchant bankers were asked to stop providing margin-loan facilities for purchases of SINGERBD shares.
- Company
- Singer Bangladesh Limited
- Announcement published
Original announcement
(Continuation news of SINGERBD): home appliances. Overall, 9 months' result had fallen short of management expectation and target. YTD Sep 2022 net income has decreased by 3.4% from YTD Sep 2021 as a percentage of net revenue (from 4.5% to 1.0%) This decrease has largely resulted for negative income in Q3 2022 (-1.6% from 2.8% in Q3 2021). In Q3 2022, company has lost more than 5% gross margin compared to the same quarter of last year due to significant cost increase which (cont. 4)
Bangla translation
A Bangla translation is under review because critical figures or dates did not match the English disclosure.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 6354ae6db2c258419476b024
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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