It is a broadly described annual report of Paramount Textile Limited in the year of 2016. In 2016, The Company’s Total Assets stood Taka. 4,819,301,046. Total Equity and Liabilities Taka. 4,819,301,046. Net cash flows from Operating Activities Taka. 280,203,653. Net cash Increase from Investing Activities Taka. 545,262,267. Net cash flows used in Financing Activities Taka. 260,128,821. Cash and cash equivalents at the end of year Taka. 12,409,324. During the financial year, The Company’s Gross Profit Tk. 531,028,724. Profit from operation Tk. 342,539,903. Profit before tax Tk. 236,655,582. Net Profit/(Loss) after Tax for the year Tk. 201,691,086.
The Board of Directors recommended @10% Cash and @7% Stock Dividend in its Board meeting held on 27th October 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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