It is a broadly described annual report of Envoy Textiles Limited in the year of 2014. During the financial year, The Company increased its gross turnover to Taka. 4,391.17 million. In the FY 2012-13, ETL’s revenue was BDT 3,983.61 million, which has increased to around BDT 4,391.17 million in the FY 2013-14. Average revenue growth rate is 10.23% over the period from FY 2012-13 to FY 2013-14. The Company earned an acceptable net Profit after tax of BDT 310.925 million through professional management capacity, competitive raw material sourcing, extended production capacity, cost efficiency, collective marketing effort, and product diversity and widening revenue segment.
The Board recommended Cash Dividend @12% (i.e. Taka 1.20 per share of Taka 10.00 each) and stock Dividend @3% (i.e. 3 shares for every 100 ordinary shares held) for the year ended 30 September 2014. 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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