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ACI Limited has incurred loss for October-December (Q2), 2018 due to five reasons including currency 'devaluation'.
The company topped the chart of top 10 losers on Tuesday following the loss for Q2.
On the day, the company's share price declined 6.94 per cent or Tk 23.50 to close at Tk 315 each.
The company has reported a loss of Tk 0.78 per share for October-December, 2018 against the consolidated EPS of Tk 5.44 for October-December, 2017.
In a disclosure ACI has mentioned five reasons behind the significant deviation of financial parameters for October-December, 2018 compared to same quarter of the previous year.
According to ACI, the major reasons of the significant deviation are currency devaluation, increase in interest rate, decrease in share of profit from JVs and associates, purchase rate variance due to international price hike and high income tax expenses.
According to disclosure for Q2, the company's consolidated EPS was Tk. 0.44 for July-December 2018 as against Tk. 7.72 for July-December 2017.
The company has reported its consolidated NOCFPS of Tk (24.56), a negative value, for July-December 2018 as against Tk. (50.18), negative value, for July-December 2017.
The consolidated NAV per share was Tk. 212.73 as on December 31, 2018 and Tk. 222.09 as on June 30, 2018.
The sponsor-directors have 45.49 per cent shares at ACI, an 'A' category company, while institutions hold 29.13 per cent and general public 25.38 per cent as of December 31, 2018.