Corporate DisclosureUPGDCL
UPGDCL Corporate Disclosure — 24 September 2019
Announcement summary
- What happened
- UPGDCL published a corporate disclosure on 24 September 2019. Read the full announcement for details.
- Company
- United Power Generation & Distribution Company Ltd.
- Announcement published
Original announcement
(Continuation news of UPGDCL): Reported net profit of the Group for the year includes a gain of BDT 790,793,430 arising from the disposal of UPGDCL shares by UEL in October 2013. As the group structure as at 30 June 2019 is taken to have always been in place due to application of the BCUCC concept, this gain arising during the year ought to have been eliminated upon consolidation. Instead of adjusting net profit for the year, (cont. 2)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aceb25a6b000040058f0a
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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