It is a broadly described annual report of Safko Spinning Mills Limited in the year of 2014. In 2014 total assets of the company stood Taka. 820,923,348 million. Total shareholders equity Tk. 542,357,256 million. During the financial year, The Company’s Gross Profit/(Loss) Tk. 62,288,879 million. Operating Profit Tk. 54,357,005 million. Net Profit before Tax Tk. 29,111,953 million. Net Profit after Tax for the year Tk. 28,629,116 million. Earnings per share (restated 2013) Tk. 1.16.
The Board of Directors of the company has recommended @10% stock dividend for the year ended 31st December 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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