Financial results of Rupali Polyester Limited for Year ended June 30, 2021

Financial Results

Karachi, Rupali Polyester Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 21, 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. 453,212 with earnings per share 13.30 basic and diluted respectively.

Further, 50% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 22, 2021 to October 27, 2021 (both days inclusive).

Rupali Polyester Limited was incorporated in Pakistan on 24 May 1980, as a Public Listed Company. It is principally engaged in the manufacture and sale of polyester products.

The Rupali Group is corporation in the Petrochemical industry, producing the primary raw materials for the downstream Textile industry of Pakistan. The Groups is in diversified commercial interests ranging from manufacturing, importing, exporting and catering to producers of various cloth and fabric variants within the Textile Industries. Of these variants, the Group is able to capture a majority of the market share in knitting, weaving, bed sheets, sportswear, and water jet users.

The total numbers of shares are 34,068,500. The Earnings per share is 0.98 in 2020 which was 1.61 in 2019. The Profit after Taxation of the Company is 33,510,000 in 2020 which was 54,975,000 in 2019.