It is a broadly described annual report of Malek Spinning Mills Limited in the year of 2011. During the financial year, The Company’s sales increased from Tk. 1.98 billion in 2009-2010 to Tk. 3.50 billion in 2010-2011. Cost of goods sold increased from Tk. 1.69 billion (85.55% of sales) in 2009-2010 to Tk. 3.30 billion (94.32% of sales) in 2010-2011. As a result, the net profit (After Tax) fell from Taka. 156,189,632 in 2009-2010 to Taka. 101,958,317 in 2010-2011.
The Board of Directors proposed and recommended for the declaration of @10% Stock Dividend in the ratio of 10:1 (i.e. One Bonus Share for every Ten ordinary shares) held on the Record Date to shareholders for the year 2010-2011. 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.
More Annual Report of Malek Spinning Mills Limited:
- Annual Report 2010 of Malek Spinning Mills Limited
- Annual Report 2011 of Malek Spinning Mills Limited
- Annual Report 2012 of Malek Spinning Mills Limited
- Annual Report 2013 of Malek Spinning Mills Limited
- Annual Report 2014 of Malek Spinning Mills Limited
- Annual Report 2017 of Malek Spinning Mills Limited
