Annual Report 2011 of Marico Bangladesh Limited

It is a broadly described annual report of Marico Bangladesh Limited in the year of 2011. The growth in turnover was 32% & 37% during 12 months period ended September 2010 and 6 months period ended March 2011 respectively accompanied by a Net Profit after Tax (NPAT) growth of 41% & 37% respectively over the corresponding periods in the previous year. The turnover was Tk 285 crore a growth of 37% versus the comparable period in the previous year. the company achieved PAT Tk. 35.73 crore during the 6 month period ending March 31, 2011, a growth of 37% over the same period in the previous year. Marico’s total assets of Tk. 374 crore on 30 September 2010 was Tk. 120 crore or 47% higher than at 30 September 2009 and Tk. 461 at 31 March 2011 crore was Tk. 173 crore or 60% higher than at March 31, 2010.

At the Board of Directors meeting held on October 21, 2010, the Board of Directors had declared and paid interim cash dividend @25% and recommended final cash dividend @20% on April 24, 2011. With this effect, the total dividend for 18 months period is @45%.

Marico emphasizes a special focus on Safety & Environment at the manufacturing locations as well as in their vicinity. In regard to this Marico will go for ISO 14001 & ISO 18001 certifications in this financial year.

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