It is a broadly described annual report of Bangladesh Building System Limited in the year of 2017. During the financial year, The Company’s Revenue increased by 5.26% to Taka. 2,489.43 million in 2016-17 from Taka. 2,364.95 million in 2015-16. Cost of Goods Sold increased by 6.05% to Taka. 1,865.41 million in 2016-17 from Taka. 1,759.07 million in 2015-16. Net Profit went up by 35.96% to Taka. 340.03 million in 2016-17 from Taka. 250.11 million in 2015-16. Consequently, the Earnings per share was raised from Tk. 2.15 to Tk. 2.92. Total Assets increased by 15.62% to Take. 3,584.14 million in 2016-17 from Taka. 3,100.03 million in 2015-16 mainly due to Increase in Cash & Cash Equivalents, Trade Receivables, Inventory, Property, Plant & Equipment & also the investment value of Associate.
Due to the good performance of the company in the year 2016-2017, the management feels that a fair return should be given to the shareholders from the earnings. Therefore a Stock Dividend of @10% i.e. 10 Shares for every 100 shares and Cash Dividend of @5% are being recommended for consideration and approval by the Shareholders in the 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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