Beximco Synthetics Ltd. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2011
Beximco Synthetics Ltd. reported audited consolidated earnings results for the year ended December 31, 2011. For the period, the company reported revenue of BDT 1,545,017,437 compared to BDT 1,009,552,138 a year ago. Profit from Operations was BDT 225,272,659 compared to BDT 117,841,745 a year ago. Net Profit before Tax was BDT 133,057,629 compared to BDT 30,658,823 a year ago. Profit after tax for the year was BDT 108,176,172 or BDT 1.58 per share compared to BDT 27,474,123 or BDT 0.40 per share a year ago. Net cash used in operating activities was BDT 98,319,828 compared to net cash generated from operating activities of BDT 97,897,244 a year ago. Acquisition of tangible fixed assets was BDT 19,895,382 compared to BDT 9,377,330 a year ago.