It is a broadly described annual report of MJL Bangladesh Limited in the year of 2017. The Company has deposited BDT 688 million to the government exchequer as withholding tax and corporate tax in the reporting period of 2016-2017. Operating profit increased by 12.28% to Tk. 2,525 million, up from Tk. 2,249 million in the previous reporting period. The Company’s net profit grew a healthy 14.47% from Tk. 1,734 million of the previous reporting period to Tk. 1,985 million in the 12-months ended 30th June 2017. Net profit margin improved to 24.57% during the year. MJLBL is listed on the Dhaka and Chittagong stock exchanges. The Company’s 2016-17 earnings per share increased about 14% to Tk. 6.58, up from Tk. 5.75 in the previous reporting period. The company’s market capitalization appreciated by 38% to Taka. 36,653 million as on 30 June 2017, versus Taka. 26,602 million as on 30th June 2016.
The Board has recommended @45% cash dividend i.e. Taka. 4.5 per share in its meeting held on 26th October 2017, having the record date of 23rd November 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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