Annual Report 2007 of Linde Bangladesh Limited

It is a broadly described annual report of Linde Bangladesh Limited in the year of 2007. The company’s turnover growth of 6% over last period, adjusting for movement in debtor’s provision, was 8%. The company’s earnings in 2007 to go up 33.8% compared to the results (annualized) reported in the last Annual General Meeting. Directors recommend a dividend of Taka. 7.00 per share (70%) for the year ended 31^st December 2007. The company contributed a total of Taka. 3 million to the government relief fund.

The company’s revenue improved by 6% to Taka. 2,000,172,007 during the year, when compared on an annualized basis with the results of 15 months reports last year (Taka 2,358,955,609). Pre-tax profits for the year reached Taka. 336,424,624 for the 15 month period to 31^st December 2006. The annualized increase was 30%. The Directors propose to transfer Taka. 263,651,041 to General Reserve being profit earned during the year. An amount of Taka. 12,575,000 was transferred from General Reserve and shown under Deferred Liabilities.

These financial statements are prepared in Bangladesh Taka (Taka/Tk), which is the Company’s functional currency.

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