It is a broadly described annual report of Maksons Spinning Mills Limited in the year of 2014. During the Financial Year under review, the Company has contributed an amount of Tk. 3.21 Crore to National Exchequer as Income Tax. During the Year under review, the Company was able to make Sales of Tk. 189.48 Crore, which is Tk. 28.99 Crore (18.07 %) higher than the Previous Year. Consolidated Gross Profit stood at Tk. 47. 39 Crore which is Tk. 9.01 Crore (23.48 %) higher than the previous year. Consolidated Net Profit before Tax stood at Tk. 21.41 Crore which is Tk. 0.31 Crore (1.46 %) lower than the previous Year and Profit available for appropriation summed to Tk. 15.79 Crore which is also Tk. 0.89 Crore ( 6%) higher than the previous year.
The Board of Directors has recommended @5% Stock Dividend (i.e. 25 Bonus Shares for every 500 shares) for the year ended on 30th September 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.
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