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

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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