It is a broadly described annual report of CVO Petrochemical Refinery Limited in the year of 2015. CVOPRL is regularly paying the VAT on time. The CVOPRL has deposited Taka. 7,16,19,906 as VAT in this financial year. During this financial year, the company’s Net Turnover Taka. 566,432,003. Gross Profit Taka. 172,115,203. Operating Profit Taka. 153,284,135. Net Profit after Tax Taka. 181,523,132.
The Board of Directors is continuously making effort to uphold and protect the interest of shareholders. Keeping in view the interest of shareholders, performance, of the current year, future projections and Capital outlaying, the Directors are pleased to recommend 15% Cash Dividend i.e. Tk. 1.50 per share and 25% Stock Dividend i.e. 25 shares for every 100 shares of the profit of 2014-2015 financial year. The dividend will be payable subject to the approval of the shareholders in 30th AGM. These financial statements are presented in Bangladesh Taka (BDT/Taka/Tk, which is both functional currency and presentation currency of the Company.
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