Message From The Chairman

Dear Shareholders
Ladies and Gentlemen
Assalamu Alaikum,

We have the pleasure to welcome you at the 19th 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 2021.

We would like to inform you that during the year 2020-21 the company’s sales revenue was Tk. 5,021 million which is 28.61% higher than 2019-2020 (Tk. 3,904 million) and net profit after tax was Tk. 615 million which is 192.85% higher than 2019-2020 (Tk. 210 million). The main reason behind this significant growth due to significantly increased of yarn price for huge demand raised of cotton based product globally. Moreover, during this period, we produced various kinds of special/fancy yarn which also has contributed a lot to reach higher revenue.

I would also like to take this opportunity to thanks to 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.

Abdul Wahed
Chairman of the Board