Ecopack Limited’s financial results for the year ended June 30,2011

Karachi: We have inform you that the Board of Directors of our Company in their meeting held on Wednesday, September 28, 2011 at 11:00 AM, at Ishaat Habibullah room, Sindh Club, Karachi, recommended the following:

1. Cash Dividend

A cash dividend for the year ended June 30,2011 at Rs.NIL per share i.e. 0%. This is in addition to interim divided(s) already paid as Rs.Nil per share i.e. 0%.


ii. Bonus Shares

It has also been recommended by the Board of Directors to issue Bonus Shares in the proportion of NIL shares(s) for every 0 share(s) held ie.0%. This is in addition to the Interim Bonus Shares already issued @ 0%.


iii. Rights Shares

The Board has also recommended to issue NIL% Rights Shares at per in proportion of 0 shares (s) for every 0 shares(s) i.e. 0 shares will be offered as right shares(s). The entitlement of right share being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

The financial results (complete Profit & Loss Account) as per annexure-A.

The Annual General Meeting of the company will be held on October 27,2011 at 3:00pm.

The Share Transfer Books of the Company will be closed from 14.10.2011 to 27.10.2011 (both days inclusive). Transfer received at Share Registrar M/s. TECHNOLOGY TRADE (PVT.) LIMITED, Dagia House, 241-C, Block-2, P.E.C.H.S. Off Sharah-e-Quaideen, (Near Sindhi Muslim), Karachi at the close of business on 15.10.2011 will be treated in time for the purpose of voting entitlement.

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange 21 days before the date of AGM.

Yours truly,

FOR Ecopack Limited (ECOP)

Hussain Jamil

Chief Executive Officer

Ecopack Limited

Profit and loss account

For the year ended June 30 2011


June 30, 2011

June 30,2010


(Rupees in ‘000’)

Sale-net 22 1,748,754 1,742,074
Cost of sales 23  (1,677,725)  (1,542,996)
 ———– ———–
Gross profit 107,029 199,078
Distribution cost 24 (53,558) (59,242)
Administrative expenses  25 (41,649) (40,947)
Other operating Income 26 23,494 14,270
Other operating expenses (442)
 ———– ———–
(71,713) (86,361)
———– ———–
Profit from operations 35,316 112,717
Finance cost 27  (104,294) (138,592)
———– ———–
Loss before taxation (68,978) (25,875)
Taxation 28 (10,765) 7,482
———– ———–
Loss after taxation  (79,743) (18,393)
———–  ———–
Loss per share-basic and diluted (in Rupees) 29  (3.47)  (0.80)


For more information, contact:
Muhammad Ali Adil
Company Secretary
Ecopack Limited
112, 113, Phase 5, Hattar Industrial Estate
Hattar, District Haripur, Khyber Pakhtunkhwa
Tel: +92-995-617720
Fax: +92-995-617074

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