It is a broadly described annual report of Stylecraft Limited in the year of 2017. Income Tax has been Year for the FY 2016 – 2017 @ 0.70% of export of finished goods at sources as per Income Tax Ordinance-1984 (Ordinance No. XXXVI of 1984) under Section-53BB, which is treated as the final discharge of tax liability regarding export during the year. The Company has been made deferred tax provision in the year 2016-2017 and deferred tax provision Tk. 3,414,798 million. During the financial year, The Company’s Gross Profit Tk. 168,837,495 million. Operating Profit Tk. 34,077,229 million. Profit before Tax Tk. 36,933,131 million. Net Profit After Tax for the Year Tk. 28,857,88 million.
The Board recommends payment of dividend @ Tk. 1.00/- per share i.e. @10% and @80% stock dividend for the Financial Year ended 30th June 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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