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Financial Results

Macpac Films Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on October 7, 2011, at 4:00 p.m., at the Registered Office of the Company, F/2, A-F , S.I.T.E., Karachi, recommended the following;

 

(i) CASH DIVIDEND NIL
(ii) BONUS SHARES NIL
(iii) RIGHT SHARES NIL

 

The Financial results of the Company are enclosed.

The Sixteenth Annual General Meeting of Macpac Films Limited (MACFL) will be held on Saturday, 29th day of October, 2011 at 4:00 pm at the registered office of the company, F/2 A-F, S.I.T.E., Karachi. (Notice is hereby enclosed).

MACPAC FILMS LIMITED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED JUNE 30, 2011

 

Note

2011

2010

Rupees

Rupees

Net sales 23 887,948,494 227,956,390
Cost of goods sold 24 (693,316,040) (271,803,170)
 ———– ———–
Gross profit/(loss) 194,632,454 (43,846,781)
Selling and marketing expenses 25 (3,455,232)  (3,903,653)
Administrative expenses 26 (29,616,667) (17,995,743)
 ———– ———–
 (33,071,899) (21,899,396)
 ———– ———–
Operating profit/(loss) 161,560,555 (65,746,176)
Financial charges 27 (13,280,591) (24,898,480)
Other income 28 41,843,918 30,136,500
Workers profit participation fund (9,053,518)
———– ———–
Profit/(loss) before taxation 181,070,364 (60,508,156)
Taxation  29  (8,879,485) 32,823,066
———– ———–
Profit/(loss) after taxation 172,190,879 (27,685,090)
———– ———–
Earning/(loss) per share – basic and diluted 30 4.43  (0.71)

 

The annexed notes 1 – 40 form an integral part of these financial statements.

For more information, contact:
Israr Ullah Khan
CFO/ Acting Company Secretary
MACPAC Films Limited
F/2, A-F, S.I.T.E., Karachi,
Pakistan.
Tel: (92-21) 32576341-2
Fax: (92-21) 32579060
Web: www.macpac.com.pk

macpac-films-limited%e2%80%99s-financial-results-for-the-year-ended-june-30-2011

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