Annual Report 2014 of Bangladesh Welding Electrodes Limited

It is a broadly described annual report of Bangladesh Welding Electrodes Limited in the year of 2014. The Company contributed an amount of Taka. 57,641,326 to the National Exchequer during the year 2014 as against Tk. 80,008,384 of the previous year. The Govt. revenue reduced to 38.80% compared to the last year. The revenue of the Company decreased by 23.93% compared to the previous year. The decline in revenue was mainly due to the lesser sale of welding electrodes. The revenue from industrial oxygen decreased from Tk. 31,198,370 to Tk. 23,696,026 which is lower by 31.66% over last year. The gross profit also decreased 12.02%. Net sales turnover of the Company decreased from Tk. 382,275,439 to Tk. 308,460,821 which is lower by 19.30% compared to last year.

The Board of Directors recommended @5% stock dividend for all the shareholders of the Company for the year 2014. 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.