It is a broadly described annual report of Union Capital Limited in the year of 2016. Total capital of the Company as at 31st December 2016 was Taka. 2,388.40 million against that of Taka. 2,359.63 million as at 31st December 2015. In 2016, The Company’s Investment in the Group increased to Taka. 18,713.12 million from Taka. 17,264.85 million registering a moderate growth of 8.38 percent. Net profit before tax for 2016 was BDT. 493.42 million, which is 1.83 percent higher than that of the previous year. The net profit after tax in 2016 was BDT. 258.42 million Registering a growth of 10.36 percent over that of the previous year. Shareholders’ equity increased to Tk. 2,532.83 million from Tk. 2,493.93 million in 2015 with the noteworthy growth of 1.56 percent. The Consolidated Earnings per Share (EPS) stood at BDT. 1.44 in the FY 2016 registering 9.92 % growth over the last year’s Earnings per Share (EPS) of BDT. 1.31.
The Board of the Directors in its 237th meeting held on 07th May 2017 recommended @10% stock dividend for the year ended 31st December 2016 subject to the approval of the shareholders in the ensuing 19th Annual General Meeting (AGM). 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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