In their recent corporate briefing, Macpac Films Limited (MACFL) reviewed their performance for the fiscal year 2024 and the first quarter of 2025. Founded in 1993 by Mr. Maqbool Elahi Shaikh, MACFL has become a key player in Pakistan’s BOPP and CPP film industry, focusing on innovation and industry expertise.

Financial Performance:

– FY 2024: Revenue reached PKR 5.6 billion, a slight increase from the previous year. However, profitability declined with net profit at PKR 257 million, down from PKR 379 million in FY23. Earnings per share also decreased from PKR 6.39 to PKR 4.35.

– Q1 FY 2025: Revenue was stable at PKR 1.47 billion compared to PKR 1.46 billion in the previous year. Net profit for the quarter dropped significantly to PKR 7.45 million, with EPS falling to PKR 0.13.

Operational Highlights:
– The company continues to produce a wide range of CPP and BOPP films with applications in food packaging, labeling, and specialty uses.
– Production and sales figures for both BOPP and CPP films have shown stability, with slight variations over the past three years.

Economic and Market Trends:
– The company monitored macroeconomic factors such as oil prices, resin costs, and inflation, which have shown volatility over the years.
– Domestic gas rates have increased significantly, impacting operational costs.

Key Achievements:
– MACFL expanded its market capitalization and increased its workforce, highlighting growth despite economic challenges.
– The company made significant tax contributions and increased net equity, reflecting strong financial management.

Outlook:
– MACFL aims to continue leveraging its industry expertise and innovation to drive future growth. The company is vigilant about economic conditions and will adapt strategies to maintain stability and growth.

This briefing underscores MACFL’s resilience and commitment to maintaining its leadership in the film industry amidst fluctuating economic conditions.