It is a broadly described annual report of Rangpur Foundry Limited in the year of 2014. During this financial year, The Company’s Net Revenue reached Taka. 892,117,388 from Taka. 804,838.196 which is 10.84% higher than the last year’s proceeds. During the year under review, Rangpur Foundry Limited Made a turnover of Taka. 89 Crore as compared to Taka. 81 Crore during the previous year. The turnover of Cast Iron (CI) products (Tubewell & Spares) has increased from 74.7 Crore to 81.7 Crore & turnover of Irrigation Pump has also been increased by 32% than the previous year. Only in the CI sector, Company earned operating profit of Taka. 4.07 Crore in 2014 as compared to Taka. 3.9 Crore in the previous year. The company earned foreign currency US $ 150,830 equivalent to Taka. 1.15 Crore from its export proceeds, whereas it was the US $ 79,812 in the last fiscal year. Earnings per Share (EPS) of the company for this year is Tk. 3.20 is slightly better than the last year based on outstanding 10,000,000 shares of Tk.10 each during this year.
The Board of Directors proposed and recommended for the declaration of Cash Dividend at the rate of Tk. 22% for the year 2014 for the Company’s valued investors considering the Company’s profitability & stability. This will involve an amount of Taka. 22.000.000 for the accounting year 2015. 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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