Financial Analysis of Selected Pharmaceutical Companies in Bangladesh

13296 WordsJan 27, 201354 Pages
European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) www.iiste.org Financial Analysis of Selected Pharmaceutical Companies in Bangladesh Md. Tofael Hossain Majumder (Corresponding Author) Lecturer, Department of Accounting and Information Systems Comilla University, Comilla, Bangladesh. Phone: +8801816436176, Email: tofael_cou@yahoo.com Mohammed Mizanur Rahman Lecturer, School of Business and Economics Atish Dipankar University of Science and Technology, Dhaka, Bangladesh. Phone: +8801814319485, Email: mizancu@yahoo.com Abstract With the rapid growth of trade, commerce and industries, the numbers of publicly traded companies are considerably increasing in Bangladesh. Pharmaceutical is an…show more content…
With the rapid growth of trade, commerce and industries, the numbers of publicly traded companies are considerably increasing in Bangladesh. Pharmaceutical is an important adjunct of industrialization in the country. There are 20 listed Pharmaceutical Companies in Dhaka Stock Exchange and 16 listed in Chittagong Stock Exchange. Analyzing the Industrial Life Cycle, it has been found that all of the listed companies have just reached the middle stage. No company could reach the maturity stage. In a word, the Pharmaceutical industry of the country is just improving. It is well known that the Pharmaceuticals industry is one of the key to earning foreign currency. On the other hand, most of the internal demand for drugs is fulfilled by the domestic Pharmaceutical industry of the country. But this industry of Bangladesh depends on foreign country for raw-material and technology. Now the time to make the Pharmaceutical firms self sufficient for the betterment of the country. At this time, performance of manufacturing enterprise, like Pharmaceutical, needs to be measured and analyzed. But evaluation of performance is not a regular practice in the country. Against this backdrop this study is an attempt to evaluate performance of some selected Pharmaceuticals for the period under study. 2. Objectives of the study The study is designed to achieve the following objectives: (i) To assess the financial

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