Annual Report 2002 of Beximco Pharmaceuticals Limited

It is a broadly described annual report of Beximco Pharmaceuticals Limited in the year of 2002. During 2002 Beximco Pharmaceuticals Limited has contributed Taka. 488.90 million to the national exchequer in the form of import-related taxes, VAT, and income tax. During the year, the company attained net sales of Taka. 2,522.94 million as against Taka. 2,401.24 million of the prior year. This represents a modest 5.07% overall growth. The Company’s exports reached Taka. 50.28 million in 2002 as against Taka. 47.32 million in 2001. The net profit before tax in 2002 was at Taka. 362.23 million down from Taka. 430.42 million in 2001.

The Board of Directors has recommended 5% cash dividend and 15% stock dividend for your approval for the year ended 31^st December 2002. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.

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