It is a broadly described annual report of BSRM Steels Limited in the year of 2013. During the year, The Company contributed Taka. 2,454 million to the government exchequer. Earnings per share increased to Tk. 3.50 per shares against EPS of Tk. 2.53 in 2012. The Company completed 2013 with 38.23% growth in profit after tax amounting to Taka. 119.61 Crore. During the year annual Revenue is Taka. 3,622.90 Crore which was Taka. 3.825.35 Crore in 2012. Net Asset Value (NAV) per share is Tk. 18.78 against Tk. 17.02 in the last year. Cost of Goods Sold in 2013 has been reduced by 9.31% than 2012 due to the decrease in raw materials cost and other indirect overhead. Out of total decrease in COGS, Raw materials cost was decreased by 10.34% due to decrease the bi let price in international markets as well as local markets. Net sales for 2013 were 601.935 MT with value in Taka. 3.622.90 Crore.
The Board of Directors is pleased to recommend 15% Cash dividend on equity shares for the year ended 31st December 2013 for consideration and approval by the shareholders in the annual general meeting. 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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