It is a broadly described annual report of Bata Shoe Company (Bangladesh) Limited in the year of 2013. In the year 2013, the total profit before tax was Tk. 1,153 million, which was equivalent to 19% growth against 2012. Similarly, the net profit after tax was Tk. 813 million, which was an increase of 21% against 2012. These were achieved with a total turnover of Tk.7,879 million, compared to Tk.7,385 million for the previous year. The Non-Retail Sales Departments channel contributed 36% of the total company’s turnover. The Company attained a growth of 7% during the current year.
The company’s shares of a nominal value of Tk. 10.00 were traded at Tk. 690 on the Dhaka Stock Exchanges on 30 December 2013 and Tk. 691on the Chittagong Stock Exchange on 29 December 2013. The Board of Directors approved an interim dividend of Tk. 19.50 per shares amounting to Tk.266.76 million. The Board is now recommending a final dividend of Tk. 10.50 per share amounting to Tk. 143.62 million with respect to 2013 after making profits of Tk. 813.00 million. This will make a total dividend payment of Tk. 30.00 per share amounting to Tk. 410.10 million for the year ended 31 December 2013.
These financial statements are presented in Bangladesh Taka (Taka/Tk) which is both functional and presentational currency of the Company.
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