Message From The Chairman
As the company
growth in EPS, the
Board of Directors
cash dividend for
Ladies and Gentlemen
It is my pleasure to welcome you at the 20th Annual General Meeting of Matin Spinning Mills PLC. It also gives me immense pleasure to place before you the Annual Report along with the Audited Financial Statements, Auditors’ Report and
Directors’ Report thereon for the year ended on 30 June 2022.
I also pleased to inform you that during the year 2021-22, the EPS of the company was BDT 10.79, which grew by 71% compared to 2020-21, Tk.6.31. As the company achieved 71% growth in EPS, the Board of Directors recommended 50% cash dividend for the honourable shareholders. The main reason behind this significant growth due to increase in Sales Revenue and there was no significant additional fixed expenditure against the incremental revenue except raw material cost. It is also reported that the company has purchased raw materials in a reasonable and competitive rate which has contributed a lot to achieve our extra margin.
I would also like to thank all of our valued customers for their confidence in our products, to the employees for their tireless efforts, to the suppliers for their quality cotton, to our honorable shareholders for their continuous support and interest for the welfare of the Company, to the Regulatory Bodies including Bangladesh Securities and Exchange Commission, to the Stock Exchanges, to the Central Depository Bangladesh Limited, to the Bankers, to the Insurers for their cooperation and support to our Company. We hope that the same support from all stakeholders would continue in the coming years.
With best wishes.
Chairman of the Board