Karachi, Rupali Polyester Limited informed Pakistan Stock Exchange that the External Auditors M/S. Iqbal Yasir and Company Chartered Accountants intimated us through their letter on January 05, 2022 that due to their pre-occupation in other assignments, they are not in a position of devote their time to the affairs of the company and have resigned as Statutory Auditors of the Company with effect from January 05, 2022 for the year ended June 30, 2022.
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.