It is a broadly described annual report of Fu-Wang Foods Limited in the year of 2013. During the year the company earned a net profit after tax of Tk. 6.17 Crore as against Tk. 7.52 Crore for the last year which is a decrease of 17.95% and while turnover increased by 3.52%. During the year under review, the net profit decreased by 17.95% in spite of increased turnover by 3.52% due to tremendous price hike of raw materials, wages, and transport cost. In the financial year 2012-13, Fu-Wang Foods Ltd. earned Gross profit 22.90% as against 23.90% in the preceding year.
Considering the overall financial position of the Company the Board of Directors has recommended @ 10% (Ten percent) stock dividend for all Shareholders for approval in the 17th Annual General Meeting. 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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