It is a broadly described annual report of Savar Refractories Limited in the year of 2016. During the financial year, The Company’s Total Turnover Taka. 3,48,72,286 million. Gross Profit for the year Taka. 65,41,818 million. Operating profit/Loss Taka. 1,178,647 million. Net Profit/(Loss) after Tax Taka. 27,51,982 million. Cost of goods sold Taka. 28,330,468 million.
The Savar Refractories Ltd. is incorporated in Bangladesh as a Public Limited Company as on 14 August 1982 and listed with Dhaka Stock Exchange Ltd. in May 1988 with an Authorized Capital of Taka. 25,000,000/- divided into 250,000 ordinary shares of Tk. 100/= each under the Companies Act 1994. Subsequently, the company increased its share capital to Taka. 300,000,000/- divided into 30,000,000 ordinary shares of Tk. 10/=. 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.