It is a broadly described annual report of Western Marine Shipyard Limited in the year of 2016-2017. During the year the company has contributed BDT 7.52 Million and the last year it was BDT 37 Million to the National Exchequer as Income Tax. During the financial year, The Company’s Cost of Goods Sold Tk. 1,995,792,869 million. Gross Profit Margin Tk. 982,751,460 million. Operating Profit Tk. 939,376,097 million. Profit before Tax Tk. 355,077,871 million. During the year 2016-2017, net profit after tax of the company was amounting to Tk. 31.77 Crore as compared to Tk. 29.90 Crore in the year 2015-2016.
The board of Directors of the company has recommended the cash dividend of @3% and the Stock dividend of @12%, i.e. 12 shares for every 100 shares for the year ended 2016-2017. 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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