It is a broadly described annual report of Jute Spinners Limited in the year of 2013. The rate of Income Tax applicable to the company during the year under audit is 15%. During the year, The Company’s Revenue Taka. 7,828.21 million. Gross Profit Taka. 133.14 million. Operating Profit Taka. 729.88 million. The company incurred a net loss of Taka.81,840,629 million during the year ended 30 June 2013. The shares are listed on Dhaka Stock Exchange Ltd. and quoted at Tk. 77.30 on 30 June 2013 (Face value Tk. 10.00) (2012- Tk. 80.10 Face value Tk. 10.00).
However, the board did not propose any dividend for 2012-2013 as there was no surplus at year ended for distribution. 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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