Annual Report 2014 of Bangladesh Steels Re-Rolling Mills Limited

It is a broadly described annual report of Bangladesh Steels Re-Rolling Mills Limited in the year of 2014. During the year 2014, Bangladesh Steel Re-Rolling Mills Limited contributed to the government exchequer along with utility about a sum of Taka. 984.48 million. Cost of Goods Sold in 2014 was Taka. 7,862.34 million against Revenue of Taka. 8,049.89 million whereas in 2013 the amount was Taka. 8,102.32 million against Revenue of Taka. 8,602.42 million. During the year 2014, Gross Profit Margin was 2.33% against 5.81% in 2013. During the year, the company earned non-operating profit amounting to Taka. 183,667,991 and as per BAS 28 an amount of Taka. 383,612,872 has shown the share of profit of Associate in the statement of profit or loss and other comprehensive income. However, considering all net profit stood Tk.116,033,236 which was Tk. 943,818,621 in 2013.

The Board of Directors is pleased to recommend @10% Cash dividend on equity shares for the year ended December 31^st, 2014 for consideration and approval by the shareholders in the 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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