This is an annual report of Renata Limited in the year of 2012. The year 2012 was extremely challenging for Renata Limited. Adverse developments on the macroeconomic front as well as a slowdown in the industries that they operate in severely constrained our growth. The combined effect of currency depreciation, higher borrowing costs, and collapse of the poultry industry reduced our overall bottom-line growth by approximately Taka 280 million. As a result, net profit and sales grew modestly at 14.36% and 17.67%, respectively.
Renata continues to have a very aggressive investment strategy. During 2012 investments made for new General Manufacturing Facility. During the year under review, this Company paid Taka 1,565.2 million to the National Exchequer in the form of Corporate Income Tax, Import Duties and Value Added Tax (VAT). The Directors have recommended cash dividend @ 60% i.e. Tk. 6 per share of Tk.10 each and stock dividend @ 25% (bonus shares) in the ratio one bonus share for every four shares held.
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