Board Meeting

The Meeting of the Board of Directors of the Company was held on Saturday 28th October 2017 at 03:00 p.m. at its registered office to approve Un-Audited Statements of Accounts of the Company for the First Quarter ended September 30, 2017.

During the period under report, the prices of raw material remained on higher side while the sales rates remained on lower side diminishing the financial margins of the Company resulting in Net After Tax Loss for the First Quarter ended on September 30, 2017 at (Rs.13,171,511/-) as compared to the Net Loss After Tax of (Rs.4,891,389/-) for the same period last year.

However, by the grace of Almighty Allah, the market conditions are now improving and your Directors hope that with overall improvement in market conditions, your Company will achieve better financial results for the remaining period of the current financial year to end on June 30, 2018.