Annual Report 2016 of Sinobangla Industries Limited

It is a broadly described annual report of Sinobangla Industries Limited in the year of 2016. During the financial period ended 30^th June 2016, the Operating Profit of the Company decreased from Tk. 67 Million to Tk. 52 Million, 22.38% lower than that of the previous year. Consequently, Profit after Tax (PAT) of the Company decreased by Tk. 4.18 million. Financial expenses decreased from Tk. 40.76 million to Tk. 29.20 million. 28.36% lower than that of the previous year.

The Board of Directors of Sinobangla industries Limited decided not to recommend dividend for the 8(eight) months period ended on 30^th June 2016, subject to approval by the shareholders at 20^th 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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