Premier Cement revaluates its assets
Corporates
16 March, 2021, 06:35 pm
Last modified: 16 March, 2021, 06:41 pm
The value of Property, Plant and Equipment (PPE) after revaluation stood at Tk8,944,346,912 with revaluation surplus of Tk3,063,162,694.
Premier Cement Mills Ltd has revalued its assets as per BSEC's notification.
The revaluation was approved by the Board of Directors in a meeting held digitally on March 15, 2021, states a press release and
The revaluation was performed by the chartered accountancy firm, Hoda Vasi Chowdhury and Co.
The written down value of the Property, Plant and Equipment (PPE) as of June 30, 2020, before revaluation was Tk5,881,184,218.
The value of PPE after revaluation stood at Tk8,944,346,912 with revaluation surplus of Tk3,063,162,694.
The net asset value (NAV) before revaluation was Tk4,896,953,058 with NAV per share of Tk46.44.
Net asset value after revaluation stood at Tk7,960,115,752 with a per-share value of Tk75.49.
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