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May 22, 2015 10:11 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Malek Spinning Mills Limited

Company Overview

Malek Spinning Mills Limited manufactures and sells open end yarns for denim and home textile markets in Bangladesh. It provides carded and combed hosiery yarns, polyester yarns, and blended yarns, as well as garments, and knit and denim fabrics. The company was incorporated in 1989 and is headquartered in Dhaka, Bangladesh.

11/A, Mehnaj Mansoor Tower

Road # 130

Gulshan-1

Dhaka,  

Bangladesh

Founded in 1989

Key Executives for Malek Spinning Mills Limited

Malek Spinning Mills Limited does not have any Key Executives recorded.

Malek Spinning Mills Limited Key Developments

Malek Spinning Mills Limited, Annual General Meeting, Dec 18, 2014

Malek Spinning Mills Limited, Annual General Meeting, Dec 18, 2014., at 10:30 Bangladesh Standard Time. Location: Trust Milonayaton , 545.

Malek Spinning Mills Limited Announces Audited Company and Consolidated Earnings Results for the Year Ended June 30, 2013

Malek Spinning Mills Limited announced audited company and consolidated earnings results for the year ended June 30, 2013. For the year, on company basis, the company reported that sales were BDT 3,262,553,013 compared to BDT 2,966,197,074 a year ago. Operating profit was BDT 256,998,244 compared to operating loss of BDT 358,871,831 a year ago. Net operating profit was BDT 261,615,907 compared to net operating loss of BDT 351,237,277 a year ago. Profit before tax was BDT 249,158,007 compared to loss before tax of BDT 351,237,277 a year ago. Net profit after tax was BDT 240,442,628 or BDT 1.24 per share compared to net loss after tax of BDT 351,237,277 or BDT 1.81 per share a year ago. Net cash provided by operating activities was BDT 281,784,345 compared to net cash used in operating activities of BDT 1,193,654,469 a year ago. Acquisition of fixed assets was BDT 70,786,630 compared to BDT 2,324,440 a year ago. Net asset value was BDT 28.21 per share as on June 30, 2013 compared to BDT 30.70 per share a year ago. Net operating cash inflow was BDT 1.46 per share compared to net operating cash outflow of BDT 6.78 per share a year ago. For the year, on consolidated basis, sales were BDT 7,737,869,878 compared to BDT 6,084,165,241 a year ago. Operating profit was BDT 606,455,399 compared to operating loss of BDT 241,262,999 a year ago. Net operating profit was BDT 611,513,068 compared to net operating loss of BDT 232,729,994 a year ago. Profit before tax was BDT 582,283,783 compared to loss before tax of BDT 238,610,435 a year ago. Net profit was BDT 483,197,638 or BDT 2.81 per share compared to net loss of BDT 268,613,299 or BDT 1.31 per share a year ago. Net cash provided by operating activities was BDT 380,735,315 compared to net cash used in operating activities of BDT 1,087,615,811 a year ago. Acquisition of fixed assets was BDT 595,573,352 compared to BDT 584,012,072 a year ago. Net asset value was BDT 43.48 per share as on June 30, 2013 compared to BDT 46.87 per share a year ago. Net operating cash inflow was BDT 1.97 per share compared to net operating cash outflow of BDT 6.18 per share a year ago.

Malek Spinning Mills Limited Proposes Amendments to Memorandum and Articles of Association

Malek Spinning Mills Limited to consider amendments to memorandum and articles of association at the annual general meeting to be held on December 24, 2013.

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