Karachi, Tri-Pack Films Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 17, 2022.
The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for quarter ended June 30, 2022 which portrayed a profit of Rs. 52,528,505 and 2,302,871 with earnings per share 1.18 and 1.09 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Tri-Pack Films Limited was incorporated in Pakistan on April 29, 1993 as a public limited company. It is principally engaged in the manufacturing and sale of Biaxial Oriented Polypropylene (BOPP) film and Cast Polypropylene (CPP) film. Its head office is based in Karachi and regional offices are located in Karachi, Lahore and Hattar.
Since inception the Company has come a long way from one BOPP Line of 5,400 tons to four BOPP Lines of 66,800 tons and two CPP Lines of over 17,000 tons.
The total number of share are 38,800,000. The Earnings per share is 15.83 in 2020 which was (7.98) in 2019. The Profit after tax of the Company is 614,111,000 in 2020 which was (309,814,000) in 2019.