Annual Report 2015 of IFAD Autos Limited

It is a broadly described annual report of IFAD Autos Limited in the year of 2015. During the year the company has contributed Taka. 1461 million to the national exchequer during the financial year 2014-15. During the year, the company’s total sales revenue Taka. 5,057,046,311. Gross profit for the year Taka. 843,803,701. Operating profit Taka. 539,743,504. Net profit after tax for the financial year Taka. 367,279,904.

The Board recommends a cash dividend of 7% (i.e. Taka. 0.7 per share of Taka. 10.00 each) and a stock dividend of 30% (i.e. 3 bonus shares for every 10 shares) for the year ended 30th June 2015, subject to approval by the Shareholders at the Annual General Meeting. 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.