Alhaj Textile Mills Ltd 2019 AR2
The report highlights Alhaj Textile Mills Ltd.'s performance for the fiscal year 2018-2019, a period marked by a significant decrease in turnover and a net loss of approximately Tk. 41 million. The company faced challenges including increased raw material and energy costs, leading to a decline in production efficiency and earnings per share. Despite these operational hurdles, the company successfully recovered Tk. 358 million from Agrani Bank following a long-standing legal dispute. The report also details the company's corporate governance practices, including the formation of a Nomination and Remuneration Committee and compliance with BSEC guidelines. Additionally, it outlines employee welfare initiatives such as medical facilities and festival bonuses.
Company: Alhaj Textile Mills Ltd
Sector: Manufacturing
Country: Bangladesh
Year: 2019
Type: AR2
Pages: 89
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Alhaj Textile Mills Ltd
Annual Report
The report highlights Alhaj Textile Mills Ltd.'s performance for the fiscal year 2018-2019, a period marked by a significant decrease in turnover and a net loss of approximately Tk. 41 million. The company faced challenges including increased raw material and energy costs, leading to a decline in production efficiency and earnings per share. Despite these operational hurdles, the company successfully recovered Tk. 358 million from Agrani Bank following a long-standing legal dispute. The report also details the company's corporate governance practices, including the formation of a Nomination and Remuneration Committee and compliance with BSEC guidelines. Additionally, it outlines employee welfare initiatives such as medical facilities and festival bonuses.
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Document Details
Report Year
2019
Reporting Period
Jul 1, 2018 - Jun 30, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees