It is a broadly described annual report of Maksons Spinning Mills Limited in the year of 2016. During the Financial Year under review, the Company has contributed an amount of Taka. 1.59 Crore to National Exchequer as Income Tax. During the Year under review, the Company was able to make Sales of Tk. 204.84 Crore, which is Tk. 74.63 Crore (57.31%) higher than the Previous Year. Consolidated Gross Profit stood at Tk. 37.52 Crore which is Tk. 8.91 Crore (31.15%) higher than the previous year. Consolidated Net Profit before Tax stood at Tk. 5.98 Crore which is Tk. 1.49 Crore (19.96%) lower than the previous Year and Profit available for appropriation summed to Tk. 8.85Crore which is also Tk. 3.68 Crore (71.04%) higher than the previous year. The Company was listed on the Dhaka and Chittagong Stock Exchanges on 1st January 2009. Each share was quoted at Tk. 7.30 (on 30 June 2016) in the Dhaka Stock Exchanges Ltd. and Tk. 7.2 (on 30 June 2016) in the Chittagong Stock Exchange Ltd. respectively.
The Board of Directors did not recommend any dividend for approval of the shareholders at the Annual General Meeting (AGM) for the year ended 30th June 2016. 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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