Message from the Chairman on the 39th AGM
Ladies and Gentlemen
We have the pleasure to welcome you at the 39th Annual General Meeting of Alhaj Textile Mills Limited. 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.
You are aware that Alhaj Textile Mills Limited, due to various reasons, remained closed for more than two years. Under the leadership of the reconstituted Board of Directors, the mill has resumed its operation since mid-June of the current year and since then it is being run smoothly. Sincere efforts are also underway to comply with the various legal requirements of a listed company as well as to settle the loan related disputes amicably with the lender bank.
I would like to inform you that during the year 2020-21 the company sales revenue is Tk. 152 million which is 62.70% higher than that of 2019-2020 which was Tk. 94 million. The net profit after tax in 2020-21 increased by 187.85% compared to that of 2019-20.
I would also like to take this opportunity to thank all concerned - our valued customers for their confidence in our products, the employees for their tireless efforts, the suppliers for their quality cotton supply, honorable shareholders for their continuous support and interest for the welfare of the Company, the Regulatory Bodies including Bangladesh Securities and Exchange Commission, the Stock Exchanges, the Central Depository Bangladesh Limited, the Bankers, and the Insurance Companies for their cooperation and support to our Company. We expect that the same support from all stakeholders would continue in the coming days.
With best wishes
Md. Shafiqul Islam
Chairman of the Board