It is a broadly described annual report of Apex Foods Limited in the year of 2010. During the year ended 30th June 2010, the company achieved a total turnover of Taka. 2.20 billion as against last year’s turnover of Taka. 1.82 billion. The increase in turnover is 20.86% with a 914.40% increase in profit (before tax). Net profit (after tax) earned during the year was Taka. 8.56 million. During the year, The Company produced 3,304 M/Ton, an increase of 25.62% over that of last year. Production capacity utilized during the year was 60.35% as against last year’s production capacity of 48.04%. During the financial year, the Company invested Tk. 13.97 million in fixed assets. Out of the total investment, Tk. 10.52 million was invested in the Plant & Machinery and Factory Equipment.
The Board of Directors has recommended Cash Dividend of Tk. 12.00 per Share of Tk. 100.00 each for the year 2009-10. The dividend will be paid to the Shareholders whose names appear in the Share Registers of the Company or in the Depository Register as on 25th August 2010, at the close of office. 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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