BLS International Share Price Falls More Than 12% — Here’s Why
The order did, however, mention that the debarment will not impact existing orders, which will continue as usual until final execution.
BLS International, for its part, had mentioned in the exchange filing that the debarment will not impact the company’s current financials and ongoing operations. They added that the order will not have any significant bearing on the company’s financial outlook either.
The debarment affects only 12% of the company’s revenue and only 8% of the company’s consolidated EBITDA.
However, that hasn’t stopped investors from pulling out of BLS International, whose operations with the MEA included outsourced services such as such as visa application processing, biometrics, and document attestation.
The stock is…
