It is a broadly described annual report of Metro Spinning Mills Limited in the year of 2016. During the Financial Year under review, the Company has contributed an amount of Tk. 10.26 Million to National Exchequer as Value Added Tax, Customs Duty, and Income Tax. Consolidated Sales amounted to Tk. 809.25 Crore; consolidated Gross Profit stood at Tk. 17.50 Crore and consolidated Net Profit before tax summed to Tk. 1.32 Crore for the Year Ended on 30th June 2016. Net profit decreased compared to the previous year due to increasing the cost of raw materials, wages, power, transportation and other expenses relating to the cost of Goods sold. The Company was listed in the Dhaka and Chittagong Stock Exchanges; on 14/03/2002 each share was quoted at Tk 8.10 (on 30-06-2016) in the Dhaka Stock Exchange LTD and Tk8.10 (on 30-06-2016) in the Chittagong Stock Exchange Ltd.
The Board of Directors unanimously did not recommend any Dividend for the Financial Year 2015-16 to the Shareholders of the company. 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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