By Qudsia Bano ISLAMABAD, June 08 (INP-WealthPK): Century Paper & Board Mills Limited’s (CPBM) gross profit declined to Rs3.7 billion during the July-March period of 2021-22 compared to Rs4.3 billion in the same period of last year as erratic raw material supplies and rising fuel prices continued to exert pressure on profits, though their impact was partially offset through incremental sales volume and necessary selling price adjustments. As a result, the net operating profit for the period under review (July-March 2021-22) dropped to Rs2.9 billion from Rs3.6 billion in the corresponding period of last year. Financing costs for the period under review increased to Rs438 million compared to Rs325 million the previous year on the back of successive policy rate hikes and increased working capital requirement. The company’s profit-before-tax for the period was Rs2.5 billion compared to Rs3.3 billion in the corresponding period of last year. Accordingly, net profit for the period under review declined to Rs1.7 billion from Rs2.3 billion during the corresponding period of last year. CENTURY PAPER & BOARD MILLS LIMITED - ANNUAL PERFORMANCE SUMMARY 2021

PATTERN OF SHAREHOLDING – Century Paper & Board Mills Limited As of June 30, 2021
Categories of Shareholders	Shares Held	Percentage
Directors, CEO, and their spouses and minor children	121,698	0.07
Associated Companies, undertakings, and related parties	121,155,732	68.67
NIT and ICP	4,710,077	2.67
Banks, Development Finance Institutions, Non-Banking Finance Institutions	3,497,590	1.98
Modarabas and Mutual Funds	10,260,163	5.81
Insurance Companies	4,795,244	2.72
Shareholders holding 10% or more	87,318,519	49.49
General Public	23,388,319	13.27
Others	8,493,191	4.81
Total	176,422,014	100.000%

Source: Company financial Report As of June 30, 2021, associated corporations, undertakings and related parties owned 68.67% of the company’s total shares. The general public owned 13.27% of the shares; banks, development financial institutions, and non-banking finance companies owned 1.98%; and 4.81% of the shares were held by “Others”. Insurance companies owned 2.72% of total shares. Company Turnover

Century Paper & Board Mills Limited Historical Turnover Ratios
	2021	2020	2019	2018	2017	2016
Operating Performance Ratios
Total assets turnover (excl. CWIP)	1.42: 1	1.32: 1	1.22: 1	1.13: 1	1.02: 1	0.90 : 1
Fixed assets turnover	3.29: 1	2.66: 1	2.44: 1	2.08: 1	1.58: 1	1.37: 1
Debtors turnover	10.86: 1	9.55: 1	9.60: 1	11.23: 1	12.64: 1	12.79: 1
Debtors days	34	38	38	32	29	29
Inventory turnover	5.15: 1	5.66: 1	6.14: 1	6.77: 1	7.37: 1	6.53: 1
Inventory days	71	65	59	54	50	56
Creditors turnover	6.64: 1	7.53: 1	8.25: 1	8.11: 1	7.95: 1	8.58: 1
Creditors days	55	49	44	45	46	43
Operating cycle days	50	54	53	41	33	42

Total assets turnover of the company increased in ratios term to 1.42:1 in 2020-21 from 1.32:1 in 2019-20. There was an increasing trend in fixed asset turnover and debtor’s turnover. The debtor’s days decreased to 34 from 38 which shows the liquidity of the company. Because of operational efficiency, cost savings through efficient raw material sourcing, and decreased gasoline costs, gross profit as a percentage of sales increased by 3.7%. As a result, throughout the first half of the year, the company was able to keep its product selling prices at the same level as the previous year. In the second half of the year, however, increasing coal and RLNG rates resulted in a quick increase in wood pulp and waste paper prices, as well as an increase in energy expenses. As a result, the company had to respond to rising costs by adjusting the selling prices of its products to reduce the negative impact on profits. For the financial year 2020-21, the company made a profit-before-tax of Rs4.2 billion and Rs2.1 billion in 2019-20, and a profit-after-tax of Rs2.9 billion in 2020-21 and Rs1.5 billion in 2019-20.   The basic earnings per share (EPS) of the company was reported at Rs16.78 in 2021, up from Rs8.63 the previous year. In the above graph, it can be clearly seen that the EPS of the Century Paper & Board Mills Limited is on an increasing trend since 2016. High EPS shows that the company is profitable and has more profits to offer to its shareholders. CENP vs KSE-100 A part of the Lakson Group of Companies, CPBM was founded in 1984. In 1990, the company began commercial production and quickly established itself as a leading manufacturer of high-quality packaging boards in the country. It has become a market leader in packaging boards in particular and is regarded as a preferred supplier in the printing and packaging industry. The company serves many renowned clients and maintains strategic business relationships with top packaging and converting units, as well as end customers, including national and multinational corporations. The company also exports its packaging boards, competing effectively in the world market. In 2003, the company began manufacturing corrugated cartons by installing "Agnati" Italian corrugators, a well-known brand name in the industry. The company can handle huge ongoing orders for various types of boxes in a variety of industries, including soaps and detergents, home appliances, dairy products, ice cream, food and beverages, cigarettes and tobacco, and lubricants, among others.