Change of Chief Executive Officer of ECOPACK Limited

Karachi, ECOPACK Limited informed Pakistan Stock Exchange that Mr. Hussain Jamil has been appointed as the Chief Executive Officer of the Company with effect from July 01, 2021 in place of Mr. Muhammad Raza Chinoy.

ECOPACK Limited is a Public Limited Company was incorporated on 1984 in Pakistan and the principal business activity of the Company is manufacturing and sale of Polyethylene Terephthalate bottles and preforms for the market of Beverages and other liquid packaging industry.

The Company is the premier vendor for beverage and edible oil packaging such as Coca Cola and Pepsi Cola as well as Qarshi Industries, Murree Brewery, Gourmet Cola and Punjab Oil Mills amongst numerous others.

The number of shares the company has introduced are 38,148,948. The Earnings per share of the Company has decreased in 2020 and is (2.72) which was 1.96 in 2019. The Profit after taxation has also decreased in 2020 and is Rs (103,700,000) which was 74,811,000 in 2019.