Ecopack Limited’s financial results for the half-year ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Wednesday, February 29, 2012 at 2:00 PM, at Ishaat Habibullah room, Sind Club, Karachi, recommended the following:

i. Cash Dividend

A Cash Dividend for the half-year ended December 31, 2011 at Rs. NIL per share i.e. 0%. This is in addition to Interim Dividend (s) already paid at Rs. NIL per share i.e. 0%.

And / Or

ii. Bonus Shares

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

And / Or

iii. Right Shares

The Board has also recommended to issue NIL% Right Shares at par/at a discount/premium of Rs. NIL per share in proportion of NIL share (s) for every NIL share (s). The entitlement of right share being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

And / Or

iv. Any Other Entitlement/ Corporate Action

N.A.

And / Or

v. Any Other Price-Sensitive Information

The financial results (complete Profit and Loss Account) as per annexure – A.

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.

Condensed Interim Profit and Loss Account (Unaudited) for the Half Year and Quarter Ended December 31, 2011

 

Half year ended
December 31, December 31,
2011 2010

Rupees in ‘000

Sales – Net 957,644 749,345
Cost of sales (913,239) (712,923)
——- ——-
Gross Profit 44,405 36,422
Operating expenses
Distribution costs (25,029) (22,695)
Administrative expenses (19,537) (21,379)
——- ——-
(44,566) (43,974)
——- ——-
Operating profit / (loss) (161) (7,552)
Finance costs (50,480) (50,940)
Other expenses (68)
Other income 9,606 10,504
——- ——-
(40,874) (40,504)
——- ——-
Loss before taxation (41,035) (48,056)
Taxation – Current (9,662) (7,585)
Deferred 639 693
——- ——-
(9,023) (6,892)
——- ——-
Loss after taxation (50,058) (54,948)
——- ——-
Loss per share – Basic and diluted (2.18) (2.39)

 

For more information, Contact:
Ecopack Limited
112, 113, Phase 5, Hattar Industrial Estate,
Hatter, District Haripur, Khyber Pakhtunkhwa,
Tel No: + 92-995-617720, 617723, 617347
Fax No: + 92-995-617074
E-mail: plant_h@ecopack.com.pk
Web: www.ecopack.com.pk

Leave a Reply