Annual Report 2016 of Khulna Power Company Limited

It is a broadly described annual report of Khulna Power Company Limited in the year of 2016. During the financial year, The Company has contributed a significant amount to the national exchequer in the form of different duties, taxes, and VAT that was about Tk. 453 million for the eighteen-month period ended on 30 June 2016. Khulna Power Company Ltd. has earned a net income of Tk. 3,548 million during the financial period ended June 2016. Gross profit Taka. 4,458.96 million. The gross profit margin for the eighteen-month period ended on 30 June 2016 has been increased to 26.59% compared to 13.72% of 2014. Operating profit Taka. 4,039.88 million. Profit for the period/year Taka. 3,548.15 million. On the other hand, the net profit margin for the eighteen month period ended on 30 June 2016 has also been increased to 21.16% against 11.22% in 2014.

The Board of Directors recommended with pleasure a Final Cash Dividend @35% (i.e. Tk. 3.50 per share of Tk. 10.00 each) amounting to Tk. 1,264.50 million in addition to Interim Cash Dividend @40% (i.e. Tk. 4.00 per share of Tk. 10.00 each) amounting to Tk. 1,445.14 million for the eighteen-month period ended on 30 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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