Karachi, Macpac Films Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 16, 2023.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2023 which portrayed a profit of Rs. 105,666,069 with earnings per share 1.78 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
“Macpac Films Limited was incorporated on August 19, 1993, in Pakistan as a limited liability company. The principal activity of the company is to manufacture, produce, buy and sell plastic packaging. Macpac Films Limited is the pioneer of BOPP (biaxially-oriented polypropylene) films in the local manufacturing arena, offering its customers with the highest quality products. For more than two decades, the Company has stood for quality in sealable, plain and value-added films.
The total numbers of shares are 59,301,150. The Earnings per share is (1.06) in 2020 which was (3.94) in 2019. The Company had a loss of Rs. 62,855,000 in 2020 which was 233,918,000 in 2019.”