Message from the
Chief Executive Officer
Dear Shareholders,
I am honored to present Roshan Packages Limited’s Annual Report for the fiscal year ending on June 30, 2023. This report provides a comprehensive overview of our company’s performance, developments, and unwavering commitment to sustainable growth.
In the year under review, we witnessed a significant achievement – a remarkable 16.6% growth in revenue, elevating our net revenue from Rs 8,866 million to Rs 10,247 million. This growth is a testament to our resilience and commitment to customer satisfaction. The expansion of our customer portfolio, particularly among top-tier local corporate and
multinational clients, is a resounding success, underscoring our dedication to delivering products that meet international quality standards and our relentless pursuit of market share growth.
This year, we have leveraged multiple platforms to engage with our current and potential customers, with sustainability at the center. From on the ground activities such as exhibitions, conferences and festivals to digital media and television, we aim to engage with our customers in a meaningful way. We have focused on not only our product and services but also educating our customers and their consumers about packaging best practices such as food safety, recyclability and international export standards. As Pakistan’s Preferred Packaging Partner we aim to build long lasting relationships that add value to our clients’ business and ultimately our economy and country.
Looking ahead, we anticipate that unfavorable factors faced this year, such as Rupee devaluation, fuel price increases, and rising energy costs, will stabilize or improve. Nevertheless, we are actively working to enhance value chain efficiencies and optimize raw material inventory levels to effectively manage growing commodity costs, ultimately enhancing profitability and fostering growth.
The governments new policies regarding taxation and smuggling is also poised to work in our favour as its should eliminate unfair competition from non taxpayers.
Our vision for the future is firmly rooted in sustainability. We aspire to play a significant role in Pakistan’s emerging green economy, not only by reducing our environmental footprint but also by aiding other industries in minimizing their impact. Our investment in Roshan Sun Tao Paper Mills (Private) Limited, our subsidiary, aligns perfectly with this mission as it will provide allow us to provide fully recycled and recyclable packaging solution. We are also working with the United Nations Global Compact to calculate and reduce our Carbon Emissions, ensuring that we
are a truly sustainable business in terms of not only our products but also our processes.
As we complete 21 years in the business, we are proud to say that our business was made by Pakistanis, operates in Pakistan and employs Pakistanis. We hope that our continued success adds to our nations prosperity.
I extend my gratitude to our employees, customers, suppliers, and shareholders for their unwavering support. Together, we will continue to navigate the complexities of our industry, remaining committed to our vision of sustainability and responsible growth.