Karachi, MACPAC Films Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 24, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a loss of Rs. 14,825,177 with loss per share 0.25 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
MACPAC Films Limited is a company incorporated in Pakistan on August 19, 1993 as a limited liability company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacture, production, buying and selling of plastic packaging films. The stocks of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi.
The symbol “MACFL” is being used by the stock exchange for the shares of MACPAC Films Limited.