It is a broadly described annual report of Rahim Textile Mills Limited in the year of 2013. The turnover of the company during the year was Tk.572.483 million as against last year’s turnover of Tk.470.214 million. Gross Profit earned during the year was Tk.83.094 million (14.51% of turnover) as against last year’s gross profit of Tk.68.151 million (14.49% of turnover). Net profit (after tax) earned during the year was Tk.12.795 million as compared to last year’s Net profit (after tax) of Tk.1.02 million. The company succeeded in making the excellent net profit during the year due to increase in production 23.32% and sales by 21.75% and the decrease of financial expenses by 2.27% compared to previous year. This year’s cost of goods sold was Tk.489.39 million (85.49% of turnover) as compared to last year’s cost of goods sold of Tk.402.06 million (85.51% of turnover). This is due to the fact that there has been decreased of average production cost Tk.0.32 per yds (in 2012-2013 Tk.24.50 per yds and in 2011-2012 Tk.24.82 per yds). The increase in production quantity is 37.78 Lac yards over the last year. Production capacity utilized during the year was 91.47%.
Board of Directors has recommended for the declaration of Stock Dividend @ 25% i.e. One (01) Bonus Share for every Four (04) ordinary shares held by the shareholders on the Record date. This will need issuance of 550,550 Ordinary Shares of Tk.10.00 each with an appropriation of Tk. 5.505,500.00 out of Retained Earnings (free reserves) to Capital Account.
More Annual Report of Rahim Textile Mills Limited:
