It is a broadly described annual report of Shasha Denims Limited in the year of 2014. In the year 2014, the consolidated revenue of Shasha Denims Limited increased to at BDT Tk. 4180.19 million in 2014 compared to Tk. 3824.19 million (3908.43 million including minority interest) in the year 2013. Consolidated after-tax net profit stood at Tk. 175.17 million which was Tk. 149.24 million in 2013 reporting 17.37% increase for the reporting year. Consolidated gross profit of the Company was Tk.796.21 million in 2014 as against 797.60 million in 2013. During the year Shasha Denims manufactured 18.20 million yards denim product and earned revenue of Tk. 3382 million as against Tk. 3007 million in the previous year. Profit after tax reported Tk. 317 million as against Tk. 204 million in 2013 which is increased by Tk. 113 million over the previous year. Accordingly, EPS of Shasha Denims Ltd. (solo) stood at Tk. 6.59 as against Tk. 5.10 in the last year.
The Board of Directors of SDL believes in maintaining consistent dividend policy. Accordingly, considering the capital structure of the Company as well as future business plan the Board has recommended @20% Cash Dividend and @15% Stock Dividend 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.
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