It is a broadly described annual report of Envoy Textiles Limited in the year of 2013. The Company contributed an amount of Tk.139.72 million in the national Exchequer, which is 85% higher than that of the previous year, moreover contributed substantially to the Foreign Exchange Reserve of the country through its export marketing operation during the FY 2012-13. During the financial year, The Company’s Gross Profit increased by 10.47% to a record Taka. 873.67 Million while Profit before Tax increased by 8.07% to Taka. 488.06 Million and Profit after Tax by 2.66% to Taka. 435.54 Million. Net Assets Value per Share truly increased by 25.97% from Taka. 30.96 (restated) last year to Taka. 39.00 in 2012-13. The Company’s Profit after tax improved by 2.66% from BDT 424.26 Million last year to BDT 435.54 in 2012-13.
The Board recommended Cash Dividend @ 17% and Stock Dividend 0 3% for the year ended September 30, 2013. 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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