Investor Presentaiton
ANNUAL
REPORT
2018-2019
Profit appropriation
The Directors take pleasue in reporting the financial results of the Compny for the year ended on 30 June 2019 and
recommended the appropriation as mentioned below:
ANNUAL
REPORT
2018-2019
Significant variance between Quarterly Financial Statements
1st Quater ended 30 September 2018
Particulars
38
Particulars
Profit for the financial year ended 30 June 2019
Profit brought forward
Dividend paid for the year ended 30 June 2018
Profit available for appropriation
July-September
2018
July-September
2017
Amount
(In million Taka)
Gross Profit Margin
Other Income (Taka)
15.92%
28,293,700
1,391.03
Exchange Loss (Taka)
2,696,144
16.75%
803,307
35,246,922
Difference in
%
4.96%
3,422.15%
92.35%
5,770.37
Finance Income (Taka)
55,584,475
39,759,372
39.80%
7,161.49
Finance Cost (Taka)
72,871,701
39,068,753
86.52%
1,119.10
Income Tax Expense (Taka)
15,000,000
22,500,000
33.33%
6,041.91
Appropriations:
Proposed Cash Dividend for the year 2018-2019 @40%
1,589.65
Retained Earnings after proposed Dividend
4,452.26
Extra-ordinary gain or loss
As per BAS 1: Presentation of Financial Statements, no item of income
and expenses are to be presented as extra-ordinary gain or loss in the
financial statements. Accordingly, no extra-ordinary gain or loss has
been recognized in the financial statements.
Related Party Transaction
The related party transactions carried out by the Company
on a commercial basis during the year have been disclosed
in the Notes 33 to the financial statements.
-
Utilization of proceeds from
public issues, rights issues
and/or through any other
instrument
Not applicable.
Gross Profit Margin
During July-September quarter of 2018 gross profit margin reduced to 15.92% compare to 16.75% of the same
quarter of previous year due to higher consumption of LFO (Light Fuel Oil) and increase of disparity of fuel mismatch
for higher heavy fuel oil price.
Other Income
Other income increased substantially by 3,422.15% from Tk. 803,307 of the 1st quarter period ended 30 September
2017 to Tk. 28,293,700 of the 1st quarter period ended 30 September 2018, which was a result of reversal of liability
on account of Handling Commission.
Exchange Loss
In the 1st quarter of the year 2018-2019 exchange loss decreased by 92.35% owing to stability of exchange rate as
compared to the same quarter of year 2017-2018.
Finance Income
Higher investment in FDR generated 39.80% more finance income during the 1st quarter of the year 2018-2019.
Finance Cost
Higher volume of 180 days UPAS L/C payment was made in the quarter July-September 2018 increased the finance
cost by 86.52% as compared to the previous corresponding quarter.
Income Tax Expense
Income tax expenses are recognized on the basis of taxable revenue. As taxable unit revenue decreased, income tax
expenses also reduced by 33.33% in the quarter July-September 2018.
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