It is a broadly described annual report of GPH Ispat Limited in the year of 2017. During the year 2016-17, the company has paid BDT 674.26 million to National Exchequer in the form of Corporate Tax, Source Tax, Custom duty, VAT, Registration etc. During the year under review, Gross Profit Margin was 17.52% while it was 16.72% in the previous year. Gross Profit has increased due to the price of raw materials was lower in this year. The Net Profit Margin was 7.29% against 5.04% in the previous year. In this year the company earned Net Profit after tax BDT 571.30 Million, thereby noticeably exceeding the previous year by 97.26%. During the year under review, the Company earned Tk. 155.76 million as interest income by depositing Rights Share Issue Proceeds into the bank.
The Board of Directors is pleased to recommend @ 10% (5% Cash and 5% Bonus) Dividend for its all Ordinary Shareholders out of accumulated profit & Reserve held on June 30, 2017. 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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