Dear Valued Shareholders
It gives me immense pleasure to place before you the Annual report along with the audited accounts of your company and auditors report thereon for the period from July 01, 2016 to June 30, 2017.
2017 experienced yet another successful year in terms of sales growth despite in spite of extreme competition in global apparel sector. We were able to overcome all odds situation prevailed during this period.
Sales revenue has been increased by 9.30% compared to last period & EPS has increased by 47.5%.
BMRE & EXPANSION PLAN:
As you know we have successfully completed our BMRE of most important and heavy machines that was due utilizing our funds of Rights Issue. It may also be mentioned we have added new heavy machine to increase our dyeing capacity by another 25% increasing dyeing capacity to 30 Tons. Further we have made extensive expansion in building new facility 150,000 sft which shall create employment of 2000 new jobs & increase our export 50% in the coming financial year.
Total Assets rose to Tk. 639.73 crore.
Te achievement would not have been possible without the dedication and commitment of our employees who are the foundation and the backbone of our company.
Here I would like to take this opportunity on behalf of the Board of Directors and express my deepest appreciation to all our valued customers for their confidence in our product, to the employees for their tireless work effort, to the suppliers for their quality goods, to the fellow honourable shareholders and most for their continuous support and interest for the welfare of the company. We however hope that the same support from all Stakeholders are to continue in the coming year.
Thank you all,
Tauhidul Islam Chaudhury
Chairman of the Board