Financial results of ECOPACK Limited for Year ended June 30, 2021

Financial Results

Karachi, ECOPACK Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 25, 2021.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 46,114 with earnings per share 1.21 basic and diluted respectively.

Further, nil payment of cash dividend, 10% bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 15, 2021 to October 28, 2021 (both days inclusive).

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.