It is a broadly described annual report of Apex Foods Limited in the year of 2011. During the year ended 30th June 2011, The Company achieved a total turnover of Taka. 3.20 billion as against last year’s turnover of Taka. 2.20 billion. The increase in turnover is 45.42% with a 77.54% increase in profit (before tax). Net profit (after tax) earned during the year was Taka. 10.79 million. The growth in turnover is due to the fact that this year an amount of BDT 74.34 million was invested in Property, Plant, and Equipment. The Company produced 4,654 M/Ton, an increase of 40.86% over that of last year. Production capacity utilized during the year was 64.64% as against last year’s production capacity of 60.35%.
The Board of Directors has recommended Cash Dividend of Tk. 14.00 per Share of Tk. 100.00 each for the year 2010-11. The dividend will be paid to the Shareholders whose names appear in the Share Registers of the Company or in the Depository Registers as on 6th September 2011, 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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