It is a broadly described annual report of Dragon Sweater and Spinning Limited in the year of 2016. The company contributed an amount of Tk. 3,465 thousand in the period ended June 30, 2016, and Tk. 4,021 for the year ended 31st December 2015. The net profit of Taka. 58,092,427 earned during the period ended June 30, 2016, and Taka. 100,960,154 during the year 2015. The Costs of Goods in the period ended June 30, 2016, amounted to 72.36% of Revenue, thereby resulting in Gross Profit Margin of 27.64 %. This is fairly consistent with 27.49% Gross Profit Margin for the year ended December 31, 2015. The Net Profit Margin at 13.30 % of Revenue, Net Profit Margin at 12.72 % of Revenue has registered a growth in 2015, as compared to 11.62 % in 2014.
The Board of Directors has resolved to declare a final dividend of @15% stock dividend per share for the period from 1st January 2015 to 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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