Analyze the trend of all the items (Horizontal Analysis) of income statement of the chosen company for 2019 and 2020, taking 2019 as the base year. Interpret the result of horizontal analysis for Income Statement.

Chairman Managing Director Company Secretary Chartered Accountants 74 Annual Report 2018-2019 Standalone SQUARE TEXTILES LIMITED Statement of Profit or Loss and other Comprehensive Income For the Year Ended June 30, 2019 Particulars Notes 2018-2019 Taka 2017-2018 Taka SALES REVENUE 20 8,896,244,091 6,367,124,698 Cost of Goods Sold 21 (7,944,893,270) (5,695,595,049) GROSS PROFIT 951,350,821 671,529,649 Administrative Expenses 22 (241,149,856) (221,509,044) Selling and Distribution Expenses 23 (12,351,542) (5,834,014) PROFIT FROM OPERATIONS 697,849,423 444,186,591 Finance Cost 24 (254,157,870) (86,090,059) Non-Operating Income 25 14,014,592 7,350,278 PROFIT BEFORE W.P.P.F & W.F 457,706,145 365,446,810 Allocation for W.P.P.F & W.F 26 (21,795,531) (17,402,229) PROFIT BEFORE TAX 435,910,614 348,044,581 Provision for Tax (Current) 27 (35,860,653) (38,200,677) Provision for Tax (Deferred) (53,587,981) (18,929,976) PROFIT AFTER TAX FOR THE YEAR 346,461,980 290,913,928 (Transferred to the Statement of Changes Equity) Earning Per Share (EPS)-Restated 28 1.76 1.47 As per our annexed report of even date Attached notes form part of these financial statements. Dated, Dhaka: October 27, 2019 galera Le Almedtakel Tapan Chowdhury Chairman Samuel S Chowdhury Managing Director Sanjib Baran Roy Company Secretary Ahmed Zaker & Co. Chartered Accountants Annual Report 2018-2019