April 20, 2014 12:33 PM ET

Food Products

Company Overview of Rafhan Maize Products Co., Ltd.

Company Overview

Rafhan Maize Products Co. Ltd. engages in the manufacture and sale of food ingredients and industrial products in Pakistan and internationally. The company primarily offers industrial starches, liquid glucose, dextrose, dextrin, and gluten meals. Its products also include starches, powder glues, powder/liquid adhesives, dextrose monohydrate, glucose syrup, maltose and golden syrup, liquid caramel color, hydrol, and maize. The company offers its products under various names, including Penetrose, Fluidex, Amijel, Q-Tac, Amisol, Tex-o-Film, Coratex, Coragum, Globe, Snowflake, Flo-Sweet, Cerelose, Prairie Gold, Buffalo, Rafhan, Enzose, Surebond, CUT/LAS, Glugel, Mor-Sweet, Nu-Bru, and Mazoferm. ...

Rakh Canal East Road

PO Box 62

Faisalabad,  38060

Pakistan

2,029 Employees

Phone:

92 41 854 0121

Fax:

92 41 871 1016

Key Executives for Rafhan Maize Products Co., Ltd.

Rafhan Maize Products Co., Ltd. does not have any Key Executives recorded.

Rafhan Maize Products Co., Ltd. Key Developments

Rafhan Maize Products Company Limited Announces Board Changes

Rafhan Maize Products Company Limited announced that the Board of Directors of the company through resolution has appointed Mr. James P. Zallie as Board’s Chairman in the place of Mr. Jorgen Kokke.

Rafhan Maize Products Co., Ltd. Announces Director Changes

Rafhan Maize Products Co., Ltd. announced that Mr. Jack C. Fortnum has been appointed as Director in the place of Ms. Cheryl K. Beebe on January 14, 2014.

Rafhan Maize Products Co., Ltd. Announces Earnings Results for the Year Ended December 31, 2013; Recommends Final Dividend for the Year Ended December 31, 2013

Rafhan Maize Products Co., Ltd. announced earnings results for the year ended December 31, 2013. For the year, the company reported net sales of PKR 23,672,632,000 against PKR 19,531,398,000 a year ago. Operating profit was PKR 3,651,553,000 against PKR 3,178,903,000 a year ago. Profit before taxation was PKR 3,593,498,000 against PKR 3,122,804,000 a year ago. Profit after taxation was PKR 2,781,481,000 against PKR 2,039,930,000 a year ago. Basic and diluted earnings per share were PKR 301.14 against PKR 220.86 a year ago. The company’s Board of Directors at its meeting held on February 10, 2014 has recommended a final dividend for the year ended December 31, 2013 at PKR 80 per share (800%). This is in addition to two interim dividends already paid at PKR 25 per share and at PKR 30 per share. The final dividend if approved by the shareholders will be paid to the shareholders of record on March 22, 2014.

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