It is a broadly described annual report of MJL Bangladesh Limited in the year of 2016. MJLBL has deposited BDT 503.12 million to the government exchequer as withholding tax and corporate tax in the period January 2015 to June 2016. The Company has also deposited BDT 3,016.26 million as VAT in the period January 2015 to June 2016. Though the revenue for the period between January 2015 to June 2016 was able to reduce its cost of revenue (BDT 3,130.74 million in the mentioned period) by a respectable 11.53% and increase its net profit after tax by a significant 35.54% to BDT 2,378 million. Earnings per share during January 2015 to June 2016 stood at BDT 8.70 and increased from BDT 6.40 in the comparable period of January 2014 to June 2015.
The Board has recommended a 30% final cash dividend i.e. Tk. 3 per share in addition to the 30% interim cash dividend and 10% stock dividend recommended by the Board of Directors of the company on April 28, 2016, having the record date of May 24, 2016. 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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