April 22, 2018 1:58 AM ET

Food Products

Company Overview of Rafhan Maize Product Company Limited

Company Overview

Rafhan Maize Product Company Limited produces and sells food ingredients and industrial products in Pakistan and internationally. The company primarily offers industrial starches, liquid glucose, dextrose, dextrin, and gluten meals. It also provides powder glues, powder/liquid adhesives, dextrose monohydrate, glucose syrup, maltose syrup, golden syrup, liquid caramel color, and hydrol products. The company offers its products under the Rafhan, Penetrose, Amisol, Tex-o-Film, Coratex, Coragum, Prairie Gold, Buffalo, Enzose, Snowflake, Flow Sweet, Cerelose, Farmal, Flo-Sweet, Q-Tac, AMIJEL, SUREBOND, FLUIDEX, CUT/LAS, GLUEGEL, CERELOSE, MOR-SWEET, NU-BRU, and MAZOFERM names. It serves textiles,...

Rakh Canal East Road

PO Box 62

Faisalabad,  38060

Pakistan

2,182 Employees

Phone:

92 41 854 0121

Fax:

92 41 871 1016

Key Executives for Rafhan Maize Product Company Limited

Rafhan Maize Product Company Limited does not have any Key Executives recorded.

Rafhan Maize Product Company Limited Key Developments

Rafhan Maize Product Company Limited, Annual General Meeting, Mar 29, 2018

Rafhan Maize Product Company Limited, Annual General Meeting, Mar 29, 2018, at 10:00 Pakistan Standard Time. Location: Royalton Hotel, P-12, West Canal Road, Abdullahpur, Faisalabad Pakistan Agenda: To confirm minutes of the last General Meeting (Annual Ordinary) of the shareholders of the Company held on Wednesday, March 29, 2017 at Karachi; to receive, consider and adopt the Audited Financial Statements of the Company for the year ended December 3 I, 2017 together with the Directors' and Auditors' Reports thereon; and to approve final cash dividend @ 1250% for the year ended December 31, 2017 as recommended by the Board of Directors; to appoint auditors and fix their remuneration. The present auditors Messrs KPMG Taseer Hadi & Co., Chartered Accountants, retire and being eligible, offer themselves for re-appointment. The Board of Directors, on recommendations of the Audit Committee, has proposed appointment of Messrs KPMG Taseer Hadi & Co., Chartered Accountants for the year 2018.

Rafhan Maize Product Company Limited Recommends Final Cash Dividend for the Year Ended Dec. 31, 2017

Rafhan Maize Product Company Limited has also recommended a final cash dividend at the rate of PKR 125 per share for the year ended Dec. 31, 2017. This is addition to three interim dividends already paid. The Final Dividend if approved by the shareholders will be paid to the shareholders whose names appear on the Register of Members on March 22, 2018.

Rafhan Maize Product Company Limited Reports Financial Results for the Year Ended Dec. 31, 2017

Rafhan Maize Product Company Limited reported financial results for the year ended Dec. 31, 2017. For the year, the company reported operating profit of PKR 6,066,630,000, profit before taxation of PKR 6,051,015,000 and profit after taxation of PKR 4,392,257,000 or PKR 475.54 per diluted share on sales-net of PKR 25,765,440,000 against operating profit of PKR 5,725,210,000, profit before taxation of PKR 5,707,375,000 and profit after taxation of PKR 3,879,431,000 or PKR 420.01 per diluted share on sales-net of PKR 25,060,830,000 for the same period of last year.

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