It is a broadly described annual report of Apex Foods Limited in the year of 2016. This year’s cost of goods sold was BDT 1,840 million as compared to last year’s cost of goods sold of BDT 2,534 million. The company has achieved an export turnover of Taka. 2,031.95 million during the year ended 30th June 2016. Last year’s turnover was Taka. 2,751.78 million. The decrease in turnover is 26.16% over the last year. Gross profit earned during the year was Taka. 191.52 million as against last year’s gross profit of Taka. 217.21 million. During the year net loss after tax was Taka. 13.23 million as compared to last year’s Net Profit (after tax) of Taka. 84.84 million.
The Board of Directors has recommended Cash Dividend of Tk. 2.00 per Share of Tk. 10.00 each for the year 2015-16. Upon your approval in this General Meeting, the dividend will be paid to the Shareholders whose names appear in the Share Registers of the Company or in the Depository as on 17th November 2016 at the close of office. 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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