Karachi, ECOPACK Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 22, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a loss of Rs. 73,568 with loss per share 2.44 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from February 15, 2018 to February 22, 2018 (both days inclusive).
ECOPACK Limited is a company incorporated on August 25, 1991 as a private limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company was converted into a public limited Company on April 29, 1992. 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 has supply in the emerging Central Asian markets. The shares of the company are quoted Karachi Stock Exchange of Pakistan. The company has its registered office and manufacturing facility located at Khyber Pakhtunkhawa.
The current capacity of EcoPack is over 300 million bottles and 400 million preforms per annum and is therefore the largest supplier of PET bottles in Pakistan.
The symbol “ECOP” is being used by the stock exchanges for the shares of ECOPACK Limited.