December 05, 2016 10:07 AM ET

Food Products

Company Overview of Morafco Industries Ltd.

Company Overview

Morafco Industries Ltd. manufactures and markets cooking oil and vegetable ghee. The company was founded in 1960 and is based in Lahore, Pakistan.

87-Shahrah-e-Quaid-e-Azam

Lahore,  

Pakistan

Founded in 1960

Phone:

92 36 285 695

Fax:

92 36 363 805

Key Executives for Morafco Industries Ltd.

Morafco Industries Ltd. does not have any Key Executives recorded.

Morafco Industries Ltd. Key Developments

Morafco Industries Ltd. Announces Executive Changes

Morafco Industries Ltd. announced the appointment of Mr. Riaz Husssain has been appointed as director with effect from July 29, 2016 in place of Mr. Shafqut-ur-Rehman Ranjha.

Morafco Industries Ltd. Announces Executive Changes

Morafco Industries Ltd. announced that Shafqut ur Rehman Ranjha resigned as CEO/MD with effect from June 30, 2016 and appointed Javed Iqbal as CEO/MD with same effective date.

Morafco Industries Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2016

Morafco Industries Ltd. announced unaudited earnings results for the third quarter and nine months ended March 31, 2016. For the quarter, the company reported net loss for the period before taxation was PKR 977,000 compared with PKR 493,000 for the same period a year ago. Net loss after taxation was PKR 977,000 or PKR 1.72 per share compared with PKR 493,000 or PKR 0.87 per share for the same period a year ago. The loss is mainly due to unavoidable expenditure on account of Security, Property Tax, Insurance, Utility bills, Depreciation etc. For the nine months, the company reported net loss for the period before taxation was PKR 2,240,000 compared with PKR 1,456,000 for the same period a year ago. Net loss after taxation was PKR 2,240,000 or PKR 1.72 per share compared with PKR 1,456,000 or PKR 2.56 per share for the same period a year ago. Net cash flow from operating activities was PKR 2,177,000 against PKR 1,411,000 a year ago.

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Recent Private Companies Transactions

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