It is a broadly described annual report of Salvo Chemical Industry Limited in the year of 2016-2017. During the financial year 2016-2017, The Company’s gross profit was Taka. 119.34 million with an increase of 11.04% over the previous year. The company’s operating profit reached to Tk. 85.10 million with an increase of 3.09% as against last year. Profit after Tax was Tk. 46.77 million, which has an improvement of 8.05% over the previous year. The company’s turnover at 2016-17 was Tk. 260.84 million down from Tk. 267.09 million in 2015-16. Basic Earnings per Share (EPS) Tk. 0.79.
The Board of Directors has recommended @5% Stock Dividend for the year ended 30th June 2017. 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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