It is with great pleasure that I welcome you on behalf of the Board of Directors to the 13th Annual General Meeting of our company. Te Annual Report containing audited accounts and directors’ and auditors reports thereon for the year ending June 30, 2017 has already been dispatched to you for your kind perusal. I am also pleased to report that our company has earned a net profit of Tk.241,713,994 during this year, sales revenue of the company has increased from Tk. 3,000,352,440 for the year ended June 30, 2016 to 3,279,614,648 for the year ended June 30, 2017.
Looking ahead we are striving to produce more value added products in the year ahead to enhance our re-tention and maximize profitability. Our sector is facing various enhanced compliance standards from customers, new regulations in regard to building and fire safety, increase in minimum wages, among others. To offset these difficulties and augmented costs, the management is striving to make operations more efficient. Also we would like to add on our future expansion on our dyeing, knitting & sewing units to enhance export to double fold and reduce production cost.
We thank you for your continued support and we are working for further growth in coming days. I would also take this opportunity to express my gratitude to our honourable share holder, all our colleagues & to Bangladesh Securities and Exchange Commission, Dhaka Stock Exchange, Chittagong Stock Exchange, Central Depository Bangladesh Limited and all regulatory bodies for the cooperation and support.