Annual Report 2014 of Sinobangla Industries Limited

It is a broadly described annual report of Sinobangla Industries Limited in the year of 2014. During the financial year 2013-2014, Profit after tax increased from Tk. 24.85 million to Tk. 25.40 million, 2.20% higher than that of the previous year. Gross profit on Sales reduced from 15.25% to 13.48%, 1.77% lower than that of the previous year. The Operating Profit of the company also increased from Tk. 82.83 Million to Tk. 95.78 Million, 15.63% higher than in the previous year. The net accumulated loss at the end of 2014 was Tk. 10.23 million.

The Board of Directors of Sinobangla Industries Ltd. recommends @10% cash dividend i.e. Tk. 1.00 per share for all shareholders for the year ended at 31^st October 2014, subject to approval by the shareholders at 18^th 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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