Annual Report 2016 of RAK Ceramics (Bangladesh) Limited

It is a broadly described annual report of RAK Ceramics (Bangladesh) Limited in the year of 2016. During the year 2016, RAK Ceramics (Bangladesh) Ltd. had contributed to National Exchequer total of BDT 2,190.58 million, by way of Corporate Income tax of BDT 355.40 million, withholding tax and vat from suppliers and service providers of BDT 244.54 million, the VAT of BDT 934.49 million, the supplementary duty of BDT 505.43 million and other duties/taxes of BDT 150.72 million. Revenues increased by around 108.33 percent to BDT 153.54 million in 2016 from BDT 73.70 million in 2015. Gross profit increased by 32.54 percent to BDT 32.34 million in 2016 from BDT 24.40 million in 2015. Profit after tax (PAT) increased by 12.82 percent to BDT 7.83 million in 2016 from BDT 6.94 million in 2015. EBITDA increased by 11.70 percent to BDT 12.41 million in 2016 from BDT 11.11 million in 2015. EPS increased by 12.81 percent to BDT 782.81 per share in 2016 from BDT 693.91 per share in 2015.

The Board of Directors of the Company is pleased to recommend the dividend @ 20% in cash and 5% in stock of the paid-up capital of the Company for the year 2016. The Company paid cash dividend @ 25 percent of paid-up capital of the Company for the year 2015. 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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