January 24, 2021

Business Insider

Providing broad scope of business news and press releases

Tri-Pack Films Limited’s accounting year ended 31 December 2011

2 min read
Karachi: We are pleased to inform you that the Board of Directors of the Company in their meeting held today at Karachi recommended a cash dividend @ 200% (Rs.20.00 per [...]

Karachi: We are pleased to inform you that the Board of Directors of the Company in their meeting held today at Karachi recommended a cash dividend @ 200% (Rs.20.00 per share of Rs. 10.00 (2010: 100% i.e. Rs. 10.00 per share of Rs10.00).

Financial Results

The financial results of the Company arc as follows:-

 

Year ended Year ended
31.12.2011 31.12.2010
Rs. in ‘000’ Rs. in ‘000’
Net sales 10,009,875 7,620,571
Cost of sales 8,252,920 6,400,820
———- ———
Gross profit 1,756,935 1,219,751
Distribution cost 211,760 148,458
Administrative expenses 185,745 115,223
———- ———
397,505 263,681
———- ———
Operating profit 1,359,450 956,070
Other income 52,298 21,282
———- ———
1,411,748 983,352
Finance cost 122,429 205,346
Other expenses 90,289 55,012
———- ———
212,718 260,358
Profit before taxation 1,199,030 722,994
Taxation 416,425 228,149
———- ———
Profit after taxation 782,605 494,845
Other comprehensive income for the year
Loss arising during the year on cash flow hedge (79,725)
Add: Income tax relating to hedging reserve 27,192
———- ———
(52,533)
———- ———
Total comprehensive income for the year 730,072 494,845
———- ———
Earnings per share (Rupees) 26.09 16.49

 

The Annual General Meeting of the Company is proposed to be held at Karachi on Thursday, 22 March 2012 at 10.30 A.M., the date which has already been cleared by your office.

The Share Transfer Books of the Company for the entitlement of dividend will be closed from 15 March 2012 to 22 March 2012 (both days inclusive).

We will be sending you 300 copies of the printed accounts for distribution amongst the members of the Exchange in due course of time. Additionally, the accounts shall also be e-mailed to the Exchange by this evening at aqfs@kse.com.pk in Portable Document Format (PDF) to enable the Exchange to place the same on its website. The accounts shall also be placed on the Company’s website (http://www.tripack.com.pk/Finance.htm).

Please convey the above information to the members of your Stock Exchange.

For more information, Contact:
Tri-Pack Films Limited
Plot No. G-1 to G-4,
North Western Industrial Zone,
Port Qasim Authority, Karachi.
Tel: (021) 34720244, 34720247-8
Fax: (021) 34720239-46-45

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.