KPPL to resume production in two months

FE Report | Published: July 26, 2018 10:43:23 | Updated: July 28, 2018 10:31:48


File Photo (Collected)

Khulna Printing & Packaging Limited (KPPL) is set to resume its production within two months, according to a disclosure posted on the DSE website on Wednesday.

Earlier on Monday, the company said in another disclosure that the board of directors has decided to re-open the factory and start its production, commercial operation, etc. immediately riding on supports of the regulatory authority.

Referring to the disclosure, the Dhaka Stock Exchange (DSE) made a query on Tuesday, asking the company about the updates of resuming production.

In response, the KPPL on Wednesday said that they have initiated procurement of raw materials and other materials for production purpose.

"After arriving of all production related materials from foreign countries, we will be able to start production of our company," it said. "It is estimated that to start production two months time period will be required."

The KPPL has recommended no dividend for the year ended on June 30, 2017.

The company reported a loss of Tk 0.59 per share for January-March, 2018 against a loss of Tk 0.17 per share for the same period of the previous year.

The company's share price closed at Tk 20.20 each on Wednesday with a rise of 9.78 per cent or Tk 1.8 on the DSE.

KPPL, a 'Z' category company, was listed with the stock exchanges in 2014.

The board of directors of the company at its meeting on January 02 last year decided to stop production temporarily.

mufazzal.fe@gmail.com

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