It is a broadly described annual report of CVO Petrochemical Refinery Limited in the year of 2014. CVOPRL regularly paying withholding Tax and VAT on time. The company has deposited Taka. 2,94,97,543 to government exchequer as Corporate Tax and Taka. 1,64,69,201 as VAT in this financial year. During the financial year, the company’s gross profit Taka. 17,103,021. Operating profit Taka. 63,810,863. Net profit before & after income tax Taka. 65,952,230.
To approve the declaration of 5% cash dividend only to the ordinary shareholders for the year ended on 30 June 2014 as recommended by the Board of Directors. The Company has been rewarded Tax Holiday for five years from 2nd April 2014 to 1st April 2019.
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