Annual Report 2016 of Apex Spinning & Knitting Mills Limited

It is a broadly described annual report of Apex Spinning & Knitting Mills Limited in the year of 2016. The company has achieved an export turnover of Taka. 4,319.33 million during the fifteen months period ended 30^th June 2016. Last year’s turnover was Taka. 2,989.85 million. The increase in turnover is 44.47% over the last year and this is due to the fact that current year’s reporting period is 15 months. Gross profit earned during the period was Taka. 338.62 million as against last year’s gross profit of Taka. 243.14 million. Net profit (after tax) earned during the period was Taka. 28.77 million as compared to last year’s Net profit (after tax) of Taka. 23.20 million. The cost of goods sold was Taka. 3,981 million as compared to last year’s cost of goods sold of Taka. 2,747 million.

The Board of Directors has recommended Cash Dividend of Tk. 2.20 per Share of Tk. 10.00 each of the fifteen months period of 2015-16 (April 2015 to June 2016). The dividend will be paid to the Shareholders whose names appear in the Share Registers of the Company or in the Depository as on 17^th November 2016 at the close of office. 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.

More Annual Report of Apex Spinning & Knitting Mills Limited: