It is a broadly described annual report of CVO Petrochemical Refinery Limited in the year of 2016. CVOPRL is regularly paying the VAT and Source Tax on time. The company has deposited Taka. 190,130,275.00 (Nineteen Crore One Lac Thirty Thousand Two Hundred Seventy-Five) as VAT and Taka. 53,408,746.28 (Five Crore Thirty Four Lac Eight Thousand Seven Hundred Forty-Six Taka Twenty Eight Paisa) as Source Tax in this financial year. During the year company’s, Net Turnover Taka. 1,262,371,356. Gross Profit Taka. 221,233,687. Operating Profit Taka. 189,606,953. Net Profit after Tax Taka. 183,154,279.
The Board of Directors is continuously making effort to uphold and protect the interest of shareholders. Keeping in view the interest of shareholders, the performance of the current year, future projections and Capital outlaying, the Directors are pleased to recommend 25% Cash Dividend i.e Taka. 2.50 per share of the profit of 2015-2016 financial year. The dividend will be payable subject to the approval of the shareholders in 31st AGM. These financial statements are presented in Bangladesh Taka (BDT/Taka/Tk.), which is both functional currency and presentation currency of the Company.
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