Tri-Pack Films Limited’s accounting year ended 31 December 2011

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Karachi: We are pleased to inform you that the Board of Directors of the Company in their meeting held today at Karachi recommended a cash dividend @ 200% (Rs.20.00 per share of Rs. 10.00 (2010: 100% i.e. Rs. 10.00 per share of Rs10.00).

Financial Results

The financial results of the Company arc as follows:-

 

	Year ended	Year ended
	31.12.2011	31.12.2010
	Rs. in ‘000’	Rs. in ‘000’
Net sales	10,009,875	7,620,571
Cost of sales	8,252,920	6,400,820
	———-	———
Gross profit	1,756,935	1,219,751
Distribution cost	211,760	148,458
Administrative expenses	185,745	115,223
	———-	———
	397,505	263,681
	———-	———
Operating profit	1,359,450	956,070
Other income	52,298	21,282
	———-	———
	1,411,748	983,352
Finance cost	122,429	205,346
Other expenses	90,289	55,012
	———-	———
	212,718	260,358
Profit before taxation	1,199,030	722,994
Taxation	416,425	228,149
	———-	———
Profit after taxation	782,605	494,845
Other comprehensive income for the year
Loss arising during the year on cash flow hedge	(79,725)	–
Add: Income tax relating to hedging reserve	27,192	–
	———-	———
	(52,533)	–
	———-	———
Total comprehensive income for the year	730,072	494,845
	———-	———
Earnings per share (Rupees)	26.09	16.49

 

The Annual General Meeting of the Company is proposed to be held at Karachi on Thursday, 22 March 2012 at 10.30 A.M., the date which has already been cleared by your office.

The Share Transfer Books of the Company for the entitlement of dividend will be closed from 15 March 2012 to 22 March 2012 (both days inclusive).

We will be sending you 300 copies of the printed accounts for distribution amongst the members of the Exchange in due course of time. Additionally, the accounts shall also be e-mailed to the Exchange by this evening at aqfs@kse.com.pk in Portable Document Format (PDF) to enable the Exchange to place the same on its website. The accounts shall also be placed on the Company’s website (http://www.tripack.com.pk/Finance.htm).

Please convey the above information to the members of your Stock Exchange.

For more information, Contact:
Tri-Pack Films Limited
Plot No. G-1 to G-4,
North Western Industrial Zone,
Port Qasim Authority, Karachi.
Tel: (021) 34720244, 34720247-8
Fax: (021) 34720239-46-45