It is a broadly described annual report of Square Textiles Limited in the year of 2014. The Company contributed an amount of Tk. 126.53 million in 2014 to the National Exchequer. The Company contributed substantially to the Foreign Exchange Reserve of the Country during 2014 through its export marketing operation, this amounted to Taka.1,696.62 million. The net profit of Taka. 541,191,718 million earned during the year 2014. The turnover decreased by 2.34% during the year 2014 in comparison to 2013 due to the decline of USD/Taka conversion rate, yarn price and decreased in production (3.17%) for power shortage and political unrest. Gross profit decreased by 8.43% and Net profit decreased by 7.93% due to decreased production unit and increased overhead cost in the year 2014 than 2013.
The Board of Directors proposed both cash and stock dividend of Tk. 2.00 (Taka Two) only per share and 10 (Ten) fully paid-up bonus shares for every 100 (Hundred) shares respectively for the year 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.
More Annual Report of Square Textiles Limited:
- Annual Report 2009 of Square Textiles Limited
- Annual Report 2010 of Square Textiles Limited
- Annual Report 2011 of Square Textiles Limited
- Annual Report 2012 of Square Textiles Limited
- Annual Report 2013 of Square Textiles Limited
- Annual Report 2014 of Square Textiles Limited
- Annual Report 2016 of Square Textiles Limited
- Annual Report 2017 of Square Textiles Limited
