It is a broadly described annual report of Anwar Galvanizing Limited in the year of 2016. During this year, The Company reached Taka. 182,258,220 which was higher by 25.81 % over the previous year’s revenue of Taka. 144,870,700. Operating Profit (Profit before Taxes) at Taka. 11,538,009 was lower by 6.44 % over the previous year’s Operating Profit of Taka. 12,900,167 due to the increase in electricity bill and revision of employees’ salary. Net Profit after tax for the year was Taka. 9,605,186 which was higher by 14.55% over the previous year’s Net Profit of Taka. 8,385,108. Net asset value (NAV) per share has been raised by 1.69%. Cost of Goods Sold (COGS) for the year 2016 was Tk. 159,214,978 as compared to Tk. 122,645,354. Earnings per Share (EPS) increased from Tk. 0.64 to Tk. 0.73 per share this year.
The Board of Directors of the Company at its 135th Board Meeting held on October 27, 2016, proposed @10% cash dividend for the shareholders other than Sponsor/Director Shareholders on their share value of Taka. 146,000,000 for the year 2015-2016. This dividend is subject to approval by the shareholders in the Annual General Meeting (AGM). 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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