6.0 FINANCING

6.1. Financial Result:

The Company’s operating financial results, as compared to the previous year, are summarized hereunder:

                             (Taka)                         (Taka)                            (Taka)

                         Year 2006                 Year 2005                      Year 2004

 

Turnover       2,102,670,263              1,789,018,386                2,076,925,039

Cost of

Goods Sold  1,737,055,759               1,500,281,590                1,676,690,068

Gross Profit     365,614,504                  288,736,796                   400,234,971

Operating &

Financial

Expenses       175,524,220                   197,835,510                   217,687,872

Operating

Income           190,090,284                     90,901,286                   182,547,099

Other

Income                  225,844                          663,215                          912,083

Net profit

Before WPPF  190,316,128                     91,564,501                 1,83,459,182

Contribution

To WPPF            9,062,673                       4,360,214                      8,736,152

Net Profit (BT) 181,253,455                     87,204,287                 1,74,723,030

Provision for

Income Tax       13,359,728                       5,751,104                        -

Net Profit (AT) 167,893,727                     81,453,273                  174,723,030

Gross Margin          17.39%                           16.14%                         19.27%

  Net Margin              7.98%                             4.55%                           8.41%

Earning per

Share (EPS)             6.67                                  3.23                              6.94

Outstanding

Shares            25,190,000                       25,190,000                    25,190,000

Face value

Per share (TK)              10                                     10                                  10


The gross margin rose to 17.39% from the level of 16.14% in 2006. As the operating & financial expenses declined , net margin also rose 4.55% in 2005 to 7.98% in 2006. Net Profit (AT) has been increased due to cost  control measures , procurement strategies and favorable export prices in the international market.