It is a broadly described annual report of Miracle Industries Limited in the year of 2016. Overall sales turnover (both local and export) was Taka. 854.79 million during the year 2015-2016 compared to Taka. 663.90 million to that of in the previous year 2014-2015. So, total sales increased by Taka. 190.89 million in the year 2015-2016. The company earned Gross Profit of Tk. 146.22 million during the year 2015-2016 compared to Tk. 115. 16 million in the previous year 2014-2015. During the year the Company earned a Net Profit of Tk. 33.40 million after providing Income Tax compared to the Net profit of Tk. 42.63 million in the previous year.
The Board of Directors has recommended a stock dividend of @8% based on the financials of the company for the year 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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