Annual Report 2017 of Khulna Power Company Limited

It is a broadly described annual report of Khulna Power Company Limited in the year of 2017. The Company has contributed a significant amount to the national exchequer in the form of different duties, taxes, and VAT. The estimated amount of contribution was of Taka 412 million (approx) in this financial year. The Company has earned a net income of Tk. 1,830 million during the financial year ended June 30, 2017. Gross Profit Taka. 2,249.65 million. The gross profit margin for the financial year ended 30 June 2017 has been declined to 22.42% compared to 26.59% of the eighteen-month period ended 30 June 2016. Operating Profit Taka. 2,148.42 million. Profit for the year/period Taka. 1,830.27 million. As a result, the net profit margin has also been reduced to 18.24% in contrast to 21.16% of the eighteen-month period ended 30 June 2016.

The Board recommends @55% cash dividend (i.e. Tk 5.50 per share of Tk 10 each) for the financial year ended 30 June 2017, subject to approval by the shareholders at the 19^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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