Financial results of Packages Limited for Year ended December 31, 2022

Karachi, Packages Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on March 24, 2023.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended December 31, 2022 which portrayed a profit of Rs. 3,867,758,000 and Rs. 6,979,829,000 with earnings per share 43.27 and 77.49 basic and diluted respectively.

Further, 275% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from April 20, 2023 to April 28, 2023 (both days inclusive).

Packages Limited is a public limited company incorporated in Pakistan. It is principally engaged in the manufacture and sale of packaging materials and tissue products. The Company also holds investments in companies.

The total numbers of shares are 89,379,504. The Earnings per share is 31.55 in 2020 which was 15.06 in 2019. The Profit after Taxation of the Company is 2,819,524,000 in 2020 which was 1,346,303,000 in 2019.