Financial results of Ecopack Limited for quarter ended September 30, 2016

Karachi, Ecopack Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 29, 2016.

The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 14,710 with earnings per share 0.64 basic and diluted respectively.

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

Furthermore, the share transfer books of the company will remain closed from October 23, 2016 to October 29, 2016 (both days inclusive).

Ecopack Limited is a company incorporated on August 25, 1991 as a private limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company was converted into a public limited Company on April 29, 1992. The principal business activity of the Company is manufacturing and sale of Polyethylene Terephthalate bottles and preforms for the market of Beverages and other liquid packaging industry. The company has supply in the emerging Central Asian markets. The shares of the company are quoted Karachi Stock Exchange of Pakistan. The company has its registered office and manufacturing facility located at Khyber Pakhtunkhawa.

The current capacity of EcoPack is over 300 million bottles and 400 million preforms per annum and is therefore the largest supplier of PET bottles in Pakistan.

The symbol “ECOP” is being used by the stock exchanges for the shares of ECOPACK Limited.