14
Dec
07:05
Currency devaluation, costlier feedstock slash BSRM earnings
Foreign currency exchange and transaction loss, coupled with costlier local and imported raw materials and unfavourable movement of exchange rates slashed Bangladesh Steel Re-Rolling Mills (BSRM)’s September-quarter earnings, the company informs.
The company’s net operating cash flow per share (NOCFPS) also decreased on the back of more cash payments to suppliers, employees and foreign currency transaction loss, Kallanish notes.
According to BSRM, the…
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