Pakistan Company News – Financial results of Century Paper and Board Mills Limited for Year ended June 30, 2018

Financial results of Century Paper and Board Mills Limited for Year ended June 30, 2018

Karachi, Century Paper and Board Mills Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 09, 2018.

The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2018 which portrayed a profit of Rs. 991,859 with earnings per share 6.25 basic and diluted respectively.

Further, 7.50% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from September 22, 2018 to September28, 2018 (both days inclusive).

Century Paper & Board Mills Limited was incorporated in Pakistan as a public limited company on August 2, 1984. The foundations of the company are laid under the Companies Ordinance, 1984. The Company is engaged in manufacturing and marketing of paper, board and related products. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the Company is located at Karachi.

It is a flagship company of the Lakson Group of Companies, Pakistan. The company started commercial production in 1990 and established its name as a major producer of quality packaging boards in the country. It is indulged in packaging boards in particular and is considered as most preferred supplier to printing and packaging industry. The company serves a large clientele and maintains Strategic Business Relationships with leading Packaging and Converting units as well as end users. This includes national and multinational companies.

The symbol “CEPB” is being used by the stock exchanges for the shares of Century Paper and Board Mills Limited.