Annual Report 2016-2017 of Sonargaon Textiles Limited

It is a broadly described annual report of Sonargaon Textiles Limited in the year of 2016-2017. In 2016-2017, The Company’s Total Revenue Taka. 820,596,598 million. Cost of Goods Sold Tk. 704,893,449 million. During this year, The Company achieved the gross profit of Tk. 115,703,149.00, which is an increase of 22.20 % and operating profit of Tk. 5,919,040.00, which is a decrease of 70.53% compared to last year. Net Profit before Tax Tk. 22,839,525 million. Net Profit after Tax for the year Tk. 28,257,505 million. EPS comes to Tk. (1.07) per share for the period ended on 30th June 2017. NAV decreased to Tk. 28.94 per share as on 30th June 2017 from Tk. 30.01 per share as on 30th June 2016 due to negative EPS.

The Directors recommended no dividend for the period as the Company incurred loss and there are no available retained earnings for declaring the dividend. 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.