Annual Report 2011 of Malek Spinning Mills Limited

It is a broadly described annual report of Malek Spinning Mills Limited in the year of 2011. During the financial year, The Company’s sales increased from Tk. 1.98 billion in 2009-2010 to Tk. 3.50 billion in 2010-2011. Cost of goods sold increased from Tk. 1.69 billion (85.55% of sales) in 2009-2010 to Tk. 3.30 billion (94.32% of sales) in 2010-2011. As a result, the net profit (After Tax) fell from Taka. 156,189,632 in 2009-2010 to Taka. 101,958,317 in 2010-2011.

The Board of Directors proposed and recommended for the declaration of @10% Stock Dividend in the ratio of 10:1 (i.e. One Bonus Share for every Ten ordinary shares) held on the Record Date to shareholders for the year 2010-2011. 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.

More Annual Report of Malek Spinning Mills Limited:

  1. Annual Report 2010 of Malek Spinning Mills Limited
  2. Annual Report 2011 of Malek Spinning Mills Limited
  3. Annual Report 2012 of Malek Spinning Mills Limited
  4. Annual Report 2013 of Malek Spinning Mills Limited
  5. Annual Report 2014 of Malek Spinning Mills Limited
  6. Annual Report 2017 of Malek Spinning Mills Limited