It is a broadly described annual report of Square Textiles Limited in the year of 2012. The Company contributed an amount of Tk. 127.93 million in 2012 to the National Exchequer. The Company contributed substantially to the Foreign Exchange Reserve of the Country during 2012 through its export marketing operation, this amounted to Taka. 1,515.20 million. The net profit of Taka. 581,038,264 million earned during the year 2012. The turnover increased by 3.50% during the year 2012 in comparison to 2011. But gross profit decreased by 8.40% due to the decrease in selling price (14.49%) than raw material price (10.43%) in the year 2012 than 2011. The net profit also declined by 6.31% due to the decrease in gross profit and increase in operating expenses by 18.31% during the year 2012.
The Board of Directors proposed both cash and stock dividend of Tk. 1.80 (Taka one and eighty paisa) only per share and 15 (Fifteen) fully paid-up bonus shares for every 100 (Hundred) shares respectively for the year 2012. 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 Square Textiles Limited:
- Annual Report 2009 of Square Textiles Limited
- Annual Report 2010 of Square Textiles Limited
- Annual Report 2011 of Square Textiles Limited
- Annual Report 2012 of Square Textiles Limited
- Annual Report 2013 of Square Textiles Limited
- Annual Report 2014 of Square Textiles Limited
- Annual Report 2016 of Square Textiles Limited
- Annual Report 2017 of Square Textiles Limited
