Corporate DisclosureUSMANIAGL
USMANIAGL Corporate Disclosure — 26 November 2019
Announcement summary
- What happened
- USMANIAGL published a corporate disclosure on 26 November 2019. Read the full announcement for details.
- Company
- Usmania Glass Sheet Factory Limited
- Announcement published
Original announcement
Qualified Opinion: Material uncertainly relating to Going Concern: Designed production capacity of Furnace- 1 & 2 of "Usmania Glass Sheet Factory Limited" was 20,100,000 (2mm basis) sft. Out of 20,100,000 (2mm basis) sft designed capacity of Furnace-1 is 6,700,000 sft (2 mm basis) & Furnace-2 is 13,400,000 sft (2mm basis). But in the year of 2018-2019 Furnace- 1 has been closed as there was overstock of finished goods remained unsold due to lower market demand & water logging for heavy rain and (cont. 1)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aceb25a6b0000400580ff
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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