Annual Report 2016 of United Power Generation and Distribution Company Limited

It is a broadly described annual report of United Power Generation & Distribution Company Limited in the year of 2016. During this financial year, Revenue increased by 26.33% to Taka. 7,901.37 million in 2015-16 from Taka. 6,254.42 million in 2013-14. Net Profit went up by 64.99% to Taka. 5,606.15 million in 2015-16 from Taka. 3,397.79 million in 2013-14. The increase in Net Profit occurred on account of operational and cost efficiency. Consequently, the Earnings per Share was raised from Taka. 10.30 to Taka. 15.57. Cost of Sales increased by 10.35% to Taka 2,445.26 million in 2015-16 from Taka 2,215.94 million in 2013-14. During the year 2015-16, the company exported electricity 1,402.35 million units (kWh) as compared to 1,223.92 million units (kWh) for the period July 2013 to December 2014, representing an overall growth of 14.58% in export.

Continuing the trends of past years, the Board has increased distribution of dividend to shareholders. An interim dividend of BDT 8.00 per share was paid on 25 June 2016 and the Board is now pleased to propose a final dividend of BDT 4.50 per share to be paid to the Shareholders on the register at the close of business on 10 October 2016 subject to shareholder’s approval at the Annual General Meeting. With this payment, the total dividend relating to the 18 months up to 30 June 2016 is BDT 12.50 per share (in 2014 this figure was Tk. 4.00). These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is both functional currency and presentation currency of the Company.

More Annual Report of United Power Generation & Distribution Company Limited:

  1. Annual Report 2013 of United Power Generation and Distribution Company Limited
  2. Annual Report 2014 of United Power Generation and Distribution Company Limited
  3. Annual Report 2016 of United Power Generation and Distribution Company Limited
  4. Annual Report 2017 of United Power Generation and Distribution Company Limited