Mughal Iron & Steel records a revaluation surplus of Rs 2.842 billion on its fixed assets

MG News | September 17, 2020 at 01:03 PM GMT+05:00

0:00

September 17, 2020: The Board of Directors of Mughal Iron & Steel Industries has approved measurement of certain items of operating fixed assets comprising of Land, Building on Freehold Land, Plant & Machinery and Power Plant on “Revaluation Model” resulting in revaluation surplus of Rs. 2.842 billion approximately.

In a notification issued in this regard, the company said that the said revaluation will be incorporated in September quarter accounts.

Copyright Mettis Link News

Related News

DGKC sets LC for 11,000 TPD clinker line

Thatta Cement expands wind power capacity

PSX Closing Bell: Bulls Take a Step Forward

Name	Price/Vol	%Chg/NChg
KSE100	174,057.26 272.08M	-0.24% -415.53
ALLSHR	104,613.92 584.01M	-0.04% -37.42
KSE30	53,339.19 100.63M	-0.28% -151.32
KMI30	248,943.90 110.86M	-0.29% -719.99
KMIALLSHR	67,958.01 337.53M	-0.12% -81.47
BKTi	48,284.05 16.77M	-0.17% -84.09
OGTi	34,928.86 10.70M	0.18% 61.48

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,935.00	89,270.00 88,525.00	675.00 0.76%
BRENT CRUDE	61.25	61.63 61.16	-0.08 -0.13%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-0.10 -0.12%
ROTTERDAM COAL MONTHLY	96.75	96.75 96.30	0.45 0.47%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.87	58.24 57.79	-0.08 -0.14%
SUGAR #11 WORLD	14.86	15.26 14.80	-0.40 -2.62%