It is a broadly described annual report of Union Capital Limited in the year of 2013. In 2013, The Company’s Investment increased to Taka. 12,376.35 million from Taka. 9,170.70 million registering a momentous growth of 34.96 percent. Net profit before tax for 2013 was Tk. 208.59 million, almost 92 percent higher than the previous year. The operating profit also reflected a strong increase of 139.44 percent year on year, following strong operating revenue. Consolidated net profit for the year was Tk. 141.76 million as against Tk. 56.72 million in 2012 with the noteworthy growth of 149.91 percent. Shareholders’ equity increased to Tk. 2,010.67 million from Tk. 1,868.91 million in 2012 with the growth of 7.59 percent. Earnings per share increased to Tk. 1.29 as against Tk. 0.52 of 2012.
The Board of the Directors in its 187th meeting held on 4th March 2014 recommended @10% stock dividend amounting to Tk. 109,909,326 for the year ended 31st December 2013 subject to the approval of the shareholders in the ensuing 16th Annual General Meeting (AGM). 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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