It is a broadly described annual report of Safko Spinning Mills Limited in the year of 2015-2016. In 2015-2016 total assets of the company stood Taka. 1,090,165,538 million. Total shareholders equity Tk. 506,540,699 million. During the financial year, The Company’s Gross Profit/(Loss) Tk. 85,566,486 million. Operating Profit Tk. 69,100,46 million. Net Profit before Tax Tk. 23,558,299 million. Net Profit after Tax for the year Tk. 18,603,055 million. Earnings per share (basic) of Tk. 10 (Tk. 0.68).
The Board of Directors of the company has recommended @3% stock dividend for the year ended 30th June 2016. 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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