Titas Gas share price battered by cuts in distribution charges
Due to a operational policy reformulation, the net market value of Titas gas has fallen by more than Tk3000 crore in the last five months, its share price dropping to a lowest of Tk 42, which didnt fall below Tk60 in the last two years.
By resetting the distribution charges in-line with the new tariff structure allocated by BERC, immediately in one month, the profit disclosed dropped 33%. Titas gas decided to appeal against this decision, since all power and energy resources were re-priced higher, unlike gas. Find out more statistics in the link.
Due to a operational policy reformulation, the net market value of Titas gas has fallen by more than Tk3000 crore in the last five months, its share price dropping to a lowest of Tk 42, which didnt fall below Tk60 in the last two years.
By resetting the distribution charges in-line with the new tariff structure allocated by BERC, immediately in one month, the profit disclosed dropped 33%. Titas gas decided to appeal against this decision, since all power and energy resources were re-priced higher, unlike gas. Find out more statistics in the link.
No comments:
Post a Comment