Pakistan Paper Products : Financial Results for the Year Ended 30 June 2023
September 22, 2023 at 06:16 am
Share
CS/PPP/5th BOD/PSX/2022-2023
22nd September, 2023
THE GENERAL MANAGER
PUCARS / FORM - 3
PAKISTAN STOCK EXCHANGE
SECP Through TCS
STOCK EXCHANGE BUILDING
STOCK EXCHANGE ROAD- KARACHI.
SUB: FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2023
Dear Sir/Ma'am,
We are pleased to inform you that the Board of Directors of our Company in their meeting held on Friday,
22nd September 2023 at 11:00 am recommend the following:
a)
Cash Dividend
40%
b)
Bonus Shares
Nil
c)
Right Shares
Nil
d)
Any Other Entitlement / Corporate Action
Nil
e)
Any Other Price Sensitive Information
Nil
The Annual General Meeting of the Company will be held on Thursday, October 26, 2023 at 11:00 a.m. at the Registered Office of the Company at D/58 Estate Avenue, SITE. Karachi.
The Share Transfer Books of the Company will be closed (three working days) from 24-10-2023 to 26-10-2023(both days inclusive).
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 23rd October 2023.
The Financial Results of The Company/ The Profit and Loss account for the year ended 30 June 2023 of the Company is attached as (Annexure- A)
Moreover, as per PSX Notice No. PSX/N-4952 we will transmit Audited Accounts for the year ended 30 June 2023 within the stipulated time to PSX electronically through PUCARS.
Also, as per PSX Notice No. PSX/N-5036, requirement of section 223(7) of the Companies Act 2017, the hard copies of the said Financial Statements will be submitted to the "Commission" SECP.
Moreover, Accounts shall also be available and upload on PPP website viz:www.pakpaper.comin due course of time.
Yours Sincerely,
____
SAFIA KHURSHID
COMPANY SECRETARY
CC to:
Executive Director (Enforcement), Securities & Exchange Commission of Pakistan, NIC Building, Jinnah Avenue, Blue Area, Islamabad Fax: No. 051-9206015
ANNEXURE-A
The financial results of the Company are as follow:
PAKISTAN PAPER PRODUCTS LIMITED
STATEMENT OF PROFIT OR LOSS
FOR THE YEAR ENDED 30 JUNE 2023
2023
2022
-----------------------
(Rupees) ------------------------
Sales - Net
Cost of sales
Gross profit
Administrative expenses
Selling and distribution expenses Other operating expenses
Operating profit
Other income
Finance cost
Profit before taxation
Taxation - Net
1,745,900,810
(1,454,583,434)
291,317,376
(44,869,954)
(21,941,517)
(10,134,479)
(76,945,950)
214,371,426
2,189,750
(83,943,930)
132,617,246
(43,584,806)
1,234,186,382
(1,045,029,690)
189,156,692
(39,692,808)
(21,467,593)
(8,605,114)
(69,765,515)
119,391,177
3,533,557
(32,497,785)
90,426,949
(28,683,321)
Profit for the year
89,032,440
61,743,628
Earnings per share - Basic and diluted
11.13
7.72
The annexed notes form an integral part of these financial statements.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Pakistan Paper Products Ltd. published this content on 22 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2023 10:15:04 UTC.
Pakistan Paper Products Limited is a Pakistan-based company that is engaged in the production and sale of sensitized papers, pro-labels and exercise books. The Company's products include self-adhesive labels, exercise books, ammonia sensitized paper, and photocopy paper and plotter paper. The Company offers PPP branded exercise books, journals, registers, writing pads and college notebooks, among others. Its clients include more than 100 private schools in Pakistan who get their exercise books made under their own cover, including the nationwide branches of The City School. Its ammonia sensitized paper products are used in architects and engineering drawings, among others.