Annual Report 2009 of Khulna Power Company Limited

It is a broadly described annual report of Khulna Power Company Limited in the year of 2009. On July 19, 2009, the company was converted into a public limited company. KPCL was formed with a paid up capital of BDT 2,085.93 million (US$ 44.10 million) and the initial project cost was US$ 96.07 million. During the year 2009, the company’s net profit amounted to Tk. 696.09 million as compared to Tk.272.52 million in the year 2008. In this year, the company exported about 780.18 million kWh of electricity as compared to 693.54 million kWh in 2008, representing a growth of 12.49%. The company has earned the total revenue of Taka. 6,393.27 million in 2009.

The Board recommends a Stock dividend of @15% (i.e. 15 shares for existing 100 shares) and the cash dividend of @10% per share for the year 2009 subject to approval by the shareholders at the 12^th Annual General Meeting. 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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