It is a broadly described annual report of M.I. Cement Factory Limited in the year of 2016. During the Accounting year ended 30 June 2016, the Company has contributed Tk. 2,230,150,759.00 to the National Exchequer. The current year’s turnover was Taka. 9,016.55 million as against Taka. 8,264.24 million of the last year, resulting 9.10% growth in the current year compared to the previous year. The Gross Profit grew by 17.38% that meant to a good leap to Taka. 1,659.36 million from Taka. 1,413.69 million. The Cost of Sales increased by 7.40% against the last year expenses which are lesser growth than the revenue growth.
The Board of Directors proposed @20% Cash Dividend i.e. Tk. 2.00 per ordinary share of Tk. 10.00 each which will be placed in the Annual General Meeting to be held on 11th December 2016 for approval of the honorable shareholders. 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 M.I. Cement Factory Limited:
- Annual Report 2011 of M.I. Cement Factory Limited
- Annual Report 2012 of M.I. Cement Factory Limited
- Annual Report 2013 of M.I. Cement Factory Limited
- Annual Report 2014 of M.I. Cement Factory Limited
- Annual Report 2015 of M.I. Cement Factory Limited
- Annual Report 2016 of M.I. Cement Factory Limited
- Annual Report 2017 of M.I. Cement Factory Limited
