It is a broadly described annual report of Aziz Pipes Limited in the year of 2016. This period company’s gross profit rate is 8.71% which previous period was 2.77%. Net income became negative due to fact that company amortized pre-production expense of Taka. 1,73,60,030.00 during this period. It is mentioned that as of 30th June 2016 the cumulative balance of retained earning stands on negative balance amounting to Taka. 480,008.476 and indebted to the extent of Taka. 558,784,690 consisting of loan fund and current liabilities. The Cost of Goods Sold represents 91.29% of the total turnover and it was also 97.23% in the fast period. During this financial year, the company’s Operating profit Taka. 7,711,253. Net profit after tax during this year Taka. 15,978,226.
The shares of the Company are listed with both the Dhaka and Chittagong Stock Exchange Limited and quoted at Tk. 52 10 (in 2015 Tk. 36.50) per share and Tk. 56.00 (In 2015 Tk. 44 00) per share it the Dhaka and Chittagong Stock Exchange Limited respectively on 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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