It is a broadly described annual report of Usmania Glass Sheet Factory Limited in the year of 2017. The Company has paid Taka. 387.02 Lac to the National Exchequer on account of VAT, TAX, and Duties etc. during the year 2016-17. In the financial year 2016-17, the actual cost of production of 100 sft glass sheet (based on 2mm thickness) was Tk. 1955.41 which is Tk. 40.72 higher i.e. 2.13% higher than the budgeted cost of Tk. 1914.69. During the financial year 2017, The Company’s Total Sales (Gross) Taka. 2298.78 Lac. Cost of Goods Sold Taka. 2455.79 Lac. Gross Profit/(Loss) Taka. 803.45 Lac. The Company’s Profit/(Loss) before Tax Tk. 803.45 Lac. Net Profit/(Loss) after Tax for the year Tk. 788.43 Lac.
The Board of Directors of Usmania Glass Sheet Factory Limited in its Board meeting held on 30.10.2017, 310th Meeting has recommended @10% Stock Dividend for the financial year 2016-2017 for the shareholders. 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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