Tri Pack Films : Financial Results for the Quarter Ended 30 September 2022
October 20, 2022 at 12:30 am EDT
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FORM - 7
Sec/113/TPFL
October 20, 2022
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi
SUB: FINANCIAL RESULTS FOR THE NINE MONTHS' PERIOD AND QUARTER ENDED 30 SEPTEMBER 2022
We are pleased to inform you that the Board of Directors of Tri-Pack Films Limited ("the Company") in its meeting held on Wednesday, 19 October 2022 at 06:30 p.m. at Karachi office and via Zoom has approved the condensed interim financial statements (unaudited) of the Company for the nine months' period and quarter ended 30 September 2022 and recommended the following:
CASH DIVIDEND: NIL
BONUS SHARES: NIL
RIGHT SHARES: NIL
ANY OTHER ENTITLEMENT/ CORPORATE ACTION: NIL
ANY OTHER PRICE SENSITIVE INFORMATION: NIL
The financial results of the Company for the captioned period are enclosed as Annexure-'A' to this letter.
Page 1 of 2
The quarterly report of the Company for the period ended 30 September 2022 will be transmitted through PUCARS separately, within the specified time and shall also be made available on Company's website www.tripack.com.pk
Yours sincerely,
For Tri-Pack Films Limited
Iqra Sajjad
Company Secretary
Encl: as above
CC:
Director
Director
Director
Company Law Division
Enforcement Department
Securities Market Division
Securities and Exchange
Securities and Exchange
Securities and Exchange
Commission of Pakistan
Commission of Pakistan
Commission of Pakistan
NIC Building, Jinnah
NIC Building, Jinnah
NIC Building, Jinnah
Avenue Blue Area,
Avenue Blue Area,
Avenue Blue Area,
Islamabad
Islamabad
Islamabad
Executive Director/HOD
Offsite-II Department
Supervision Division
Securities & Exchange
Commission of Pakistan
63, NIC Building, Jinnah
Avenue Blue Area,
Islamabad
Page 2 of 2
Annexure - 'A
TRI-PACK FILMS LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2022 - (UNAUDITED)
Quarter ended
Nine months ended
September 30,
September 30,
September 30,
September 30,
2022
2021
2022
2021
-------------------- (Rupees in '000) ----------------------
Revenue from contracts with customers
6,537,868
5,325,331
18,418,924
13,889,834
Cost of sales
(5,547,276)
(4,626,193)
(15,683,943)
(11,544,129)
Gross profit
990,592
699,138
2,734,981
2,345,705
Distribution costs
(209,043)
(131,472)
(522,177)
(355,868)
Administrative expenses
(128,361)
(70,775)
(342,817)
(278,888)
(337,404)
(202,247)
(864,994)
(634,756)
Operating profit
653,188
496,891
1,869,987
1,710,949
Other income
40,111
60,704
146,547
113,628
693,299
557,595
2,016,534
1,824,577
Other expenses
(25,709)
(21,726)
(80,079)
(101,015)
Finance cost
(349,687)
(258,477)
(884,575)
(547,641)
(375,396)
(280,203)
(964,654)
(648,656)
Profit before income tax
317,903
277,392
1,051,880
1,175,921
Income tax - net
(100,866)
(81,348)
(432,497)
(342,747)
Profit for the period
217,037
196,044
619,383
833,174
Other comprehensive income for the period:
Items that will not be reclassified
subsequently to profit or loss
Remeasurement of staff retirement benefits
-
-
-
-
Total comprehensive income for the period
217,037
196,044
619,383
833,174
Earnings per share - basic and
diluted (Rupees)
5.59
5.05
15.96
21.47
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Tri Pack Films Ltd. published this content on 20 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2022 04:28:57 UTC.
Tri-Pack Films Limited is a Pakistan-based company, which is engaged in the manufacturing and sale of biaxially oriented polypropylene (BOPP) film and cast polypropylene (CPP) film. Its products are suited for food and beverage applications, such as snacks, confectionery, dairy food, fresh cut vegetables, beverages and various others, and non-food applications, such as overwrapping, lamination, bag making and various others. The Company has also specialized in developing various high-grade films, such as low sealing temperature films, ultra-low temperature sealable film, tobacco non-coated transparent wrap, anti-fog films, perforated films, matt film, in mold labels, low density label films, high gloss label films, broad seal high barrier, ultra-high barrier metallized film, heat resistive BOPP film, cold seal, biaxially oriented polyethylene (BOPE), CPP high speed lamination films, paper bond film, CPP metallized low temperature heat sealable film and CPP metallized high barrier film.
TRI-PACK FILMS LIMITED 
