It is a broadly described annual report of Ratanpur Steel Re-Rolling Mills Limited in the year of 2016. The Company earned pre-tax profit of Taka. 371,608,018.00 million while after-tax net profit stood at Taka. 271,226,431.00 million with EPS of Tk. 3.45 for the year as against pre-tax profit and after-tax profit respectively of Taka. 269,424,867.00 million and Taka. 272,583,080.00 million with EPS of Tk. 4.36 for the previous year. It is also to be noted that deferred tax expense substantially increased by Taka. 17,153,704 million in the year 2016 compared to 2015 due to the rate of income tax increased to 25% from 22.5%.
The Board of Directors is pleased to recommend @10% Cash and @10% stock dividend on equity shares for the year ended 30 June 2016 for consideration and approval by the shareholders in the 31st Annual General Meeting. 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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