It is a broadly described annual report of Rahim Textile Mills Limited in the year of 2016-2017. During the financial year 2016-2017, the Company succeeded in making the net profit due to increase in turnover of Tk. 87.17 million compared to previous year through an increase in the percentage of cost of goods sold by 0.72% (Tk. 521.72 million i.e. 82.77% of turnover in 2015-16 and Tk. 599.01 million i.e. 83.49% of turnover in 2016-17) and decrease in the percentage of financial expenses by 0.21% compared to previous year. The turnover of the company during the year was Tk. 717.463 million as against last year’s turnover of Tk. 630.290 million. The increase in turnover is 13.83% over the last year. Gross Profit earned during the year was Tk. 118.454 million (16.51% of turnover) as against last year’s gross profit of Tk. 108.568 million (17.23% of turnover). Net profit (after tax) earned during the year was Tk. 44.958 million as compared to last year’s Net profit (after tax) of Tk. 43.331 million. The unaudited Earnings per share (EPS) for 1st quarter was Tk. 1.69, 2nd quarter Tk. 4.49 and 3rd quarter Tk. 5.37. After Audit the Annual Earnings per share (EPS) stood at Tk. 6.61.
The Board of Directors has recommended for the declaration of Cash Dividend @ 15% i.e. Tk. 1.50 per share of Tk. 10.00 each and Stock Dividend @ 15% i.e. 0.15 (Zero point one five) Bonus Share for every 01 (One) ordinary shares held by the shareholders on the Record date. 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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