Annual Report 2013 of RAK Ceramics (Bangladesh) Limited

It is a broadly described annual report of RAK Ceramics (Bangladesh) Limited in the year of 2013. During the year 2013, RAK Ceramics (Bangladesh) Ltd. had contributed to National Exchequer total of Taka. 1,793.46 million, by way of Corporate Income tax of Taka 313.77 million, withholding tax and vat from suppliers and service providers of Tk. 145.40 million, the VAT of Tk. 765.22 million, the supplementary duty of Tk. 430.76 million and other duties/taxes of Tk. 138.31 million. Revenues increased by 5.32 percent to Taka. 5,169.22 million in 2013 from Taka. 4,908.17 million in 2012. Gross profit increased by 7.86 percent to Taka. 2,096.22 million in 2013 from Taka. 1943.50 million in 2012. EBIDTA increased by 6.12 percent to Taka. 1,464.26 million in 2013 from Taka. 1,379.84 million in 2012. Profit after tax (PAT) increased by 12.22 percent to Tk. 682.42 million in 2013 from Tk. 608.12 million in 2012. EPS increased by 12.06 percent to Tk. 2.23/share in 2013 from Tk. 1.99/share in 2012.

The Board of Directors of the Company is pleased to recommend dividend @15 percent in cash and @ 10 percent in stock of paid-up capital of the Company for the year 2013. The Company paid dividend @ 15 percent in cash and @ 10 percent in stock of paid-up capital of the Company for the year 2012 also. 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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