Annual Report 2016 of Matin Spinning Mills Limited

It is a broadly described annual report of Matin Spinning Mills Limited in the year of 2016. The Company contributed Taka. 82.62 million during 2015-2016 to the National Exchequer. The Company contributed Tk. 625 million to the Foreign Exchange Reserve of the Country during the FY 2015-2016 through its export marketing operation. During the financial year, The Company recorded satisfactory level of sales revenue of Tk. 2,005,184,987 which is slightly lower by 0.91% from Tk. 2,023,663,281 in 2014-15. However, Net Profit after tax decreased by 32.68% from Tk. 437,445,559 during 2014-15 to Tk. 294,475,299 during 2015-16.

The Board of Directors of Matin Spinning Mills Limited, at its 95th meeting held on 9th November 2016 proposed Tk. 2.30 per share amounting to a total of Tk. 224,227,000 as cash dividend for the year ended 30th June 2016, which represents @23% of the paid up Capital. 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.

More Annual Report of Matin Spinning Mills Limited:

  1. Annual Report 2014 of Matin Spinning Mills Limited
  2. Annual Report 2015 of Matin Spinning Mills Limited
  3. Annual Report 2016 of Matin Spinning Mills Limited
  4. Annual Report 2017 of Matin Spinning Mills Limited