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    Extracted Pages From Walton Hi-Tech Industries Limited Red-Herring Prospectus Dt. 02.01.2020 - Updated - 2

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    Aslam Hossain
    Walton Hi-Tech Industries Limited reported total revenue of 51.77 billion Taka for the fiscal year ended June 2019, up from 27.33 billion Taka the previous year. Net profit increased to 13.76 billion Taka from 3.52 billion Taka. Revenue from refrigerators and air conditioners increased significantly year-over-year and accounted for the majority of total revenue. Basic earnings per share increased to 45.87 Taka from 11.74 Taka the previous year due to higher profits.

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    Extracted Pages From Walton Hi-Tech Industries Limited Red-Herring Prospectus Dt. 02.01.2020 - Updated - 2

    Uploaded by

    Aslam Hossain
    75 views1 page
    Walton Hi-Tech Industries Limited reported total revenue of 51.77 billion Taka for the fiscal year ended June 2019, up from 27.33 billion Taka the previous year. Net profit increased to 13.76 billion Taka from 3.52 billion Taka. Revenue from refrigerators and air conditioners increased significantly year-over-year and accounted for the majority of total revenue. Basic earnings per share increased to 45.87 Taka from 11.74 Taka the previous year due to higher profits.

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    Extracted pages from Walton Hi-Tech Industries Limited Red-Herring Prospectus dt. 02.01.2020_updated_2

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    Walton Hi-Tech Industries Limited reported total revenue of 51.77 billion Taka for the fiscal year ended June 2019, up from 27.33 billion Taka the previous year. Net profit increased to 13.76 billion Taka from 3.52 billion Taka. Revenue from refrigerators and air conditioners increased significantly year-over-year and accounted for the majority of total revenue. Basic earnings per share increased to 45.87 Taka from 11.74 Taka the previous year due to higher profits.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    75 views1 page

    Extracted Pages From Walton Hi-Tech Industries Limited Red-Herring Prospectus Dt. 02.01.2020 - Updated - 2

    Uploaded by

    Aslam Hossain
    Walton Hi-Tech Industries Limited reported total revenue of 51.77 billion Taka for the fiscal year ended June 2019, up from 27.33 billion Taka the previous year. Net profit increased to 13.76 billion Taka from 3.52 billion Taka. Revenue from refrigerators and air conditioners increased significantly year-over-year and accounted for the majority of total revenue. Basic earnings per share increased to 45.87 Taka from 11.74 Taka the previous year due to higher profits.

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    of 1

    589

    WALTON HI-TECH INDUSTRIES LIMITED


    Statement of Profit or Loss and Other Comprehensive Income
    For the year ended 30 June 2019
    Amount in Taka
    July 2018 to June 2019 July 2017 to June 2018
    Particulars Notes Refrigerator & Air Refrigerator & Air
    TV, EAP & HAP Total TV, EAP & HAP Total
    Conditioner Conditioner

    Revenue, net 23.00 47,783,858,070 3,989,379,046 51,773,237,116 27,329,731,164 - 27,329,731,164


    Cost of Goods Sold 24.00 (28,053,977,594) (2,751,650,814) (30,805,628,408) (19,322,738,209) - (19,322,738,209)
    Gross Profit 19,729,880,476 1,237,728,232 20,967,608,708 8,006,992,955 - 8,006,992,955

    Operating Expenses
    Administrative Expenses 25.00 (778,872,072) (50,094,119) (828,966,191) (677,328,535) - (677,328,535)
    Selling & Distribution Expenses 26.00 (2,963,908,675) (274,693,016) (3,238,601,690) (1,437,524,352) - (1,437,524,352)
    Total Operating Expenses (3,742,780,747) (324,787,135) (4,067,567,881) (2,114,852,887) - (2,114,852,887)
    Operating Profit before Financial Expenses 15,987,099,729 912,941,098 16,900,040,827 5,892,140,068 - 5,892,140,068
    Financial Expenses 27.00 (1,369,163,474) (124,692,346) (1,493,855,820) (1,929,374,572) - (1,929,374,572)
    Profit after Financial Expenses 14,617,936,255 788,248,752 15,406,185,007 3,962,765,496 - 3,962,765,496
    Non-operating Income 28.00 98,188,942 - 98,188,942 40,268,392 - 40,268,392
    Profit before WPPF & Tax 14,716,125,197 788,248,752 15,504,373,948 4,003,033,889 - 4,003,033,889
    Contribution to WPPF 29.00 (700,767,867) (37,535,655) (738,303,521) (190,620,661) - (190,620,661)
    Profit before Tax 14,015,357,330 750,713,097 14,766,070,427 3,812,413,227 - 3,812,413,227

    Income Tax Expense


    Current Tax (Expense)/Income 30.00 (654,357,367) (193,793,986) (848,151,353) (217,688,463) - (217,688,463)
    Deferred Tax (Expense)/ Income, Net 31.00 (90,750,068) (66,030,403) (156,780,471) (71,514,381) - (71,514,381)
    (745,107,435) (259,824,389) (1,004,931,824) (289,202,844) - (289,202,844)
    Profit after Tax 13,270,249,896 490,888,708 13,761,138,603 3,523,210,384 - 3,523,210,384

    Other Comprehensive Income:


    Items that will not be reclassified subsequently to profit or
    loss
    Gain on revaluation of Land and Buildings 15.00 - - - 31,916,234,089 - 31,916,234,089
    Related Tax 31.02 - - - (496,613,387) - (496,613,387)
    Gain on revaluation of property, plant and equipment, Net of Tax - 31,419,620,702 - 31,419,620,702
    Total Comprehensive Income for the year 13,270,249,896 490,888,708 13,761,138,603 34,942,831,086 - 34,942,831,086

    Basic Earnings Per Share (EPS) 32.00 45.87 11.74

    The annexed notes from 1.00 to 50.00 form an integral part of these Financial Statements.

    Sd/- Sd/- Sd/- Sd/-


    Company Secretary Executive Director & CFO Director Managing Director

    As per our report of same date.

    Sd/-
    Dated: 24 October 2019 Mahfel Huq & Co.

    Place : Dhaka Chartered Accountants

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