KARACHI, Aug 15: The Century Paper and Board Mills Limited, a Lakson Group company, in its board meeting held on Thursday announced annual results for the year ended June 30, 2002, which showed an all-round growth in business and improvements in financials.

According to a statement, during the year the company made gross sales of Rs2.6 billion which is 7 per cent higher than previous year’s sales due to volume gains and favourable price revision.

It said the company announced a final dividend of Rs2.25 for the year ending June 30, 2002. This is in addition to interim dividend of Rs1.50 already paid, making total dividend of Rs4 for the year, which is highest in the history of the company.

The company is continuously making effort to introduce latest equipment and machineries for paper technologies tailored to the local resources of plant and machinery.

Company’s CEO, Rafi Chawla, satisfied with the results expressed his optimism for success of investment plans and sustained future growth of the company.—APP