Nimir Industrial Chemicals Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period grew by 47.5 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 7 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 10% i.e. Rs 1/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended
Key Financials
2017
2016
% Change
Amounts in PKR
Net Sales
7,369,139,953
5,011,268,584
47.05%
Cost of Sales
6,304,069,597
4,039,193,383
56.07%
Gross Profit
1,065,070,356
972,075,201
9.57%
Dist: Costs
114,755,645
104,893,010
9.40%
Admin: Expenses
115,698,790
102,295,839
13.10%
Operating Profit
834,615,921
764,886,352
9.12%
Other Expenses
50,300,107
47,610,703
5.65%
Other Income
61,724,546
818,657
7439.73%
FX Loss
9,794,917
24,139,486
-59.42%
Finance Cost
135,427,376
90,519,682
49.61%
Profit before Taxation
700,818,067
603,435,138
16.14%
Taxation
229,384,775
162,751,481
40.94%
PAT
471,433,292
440,683,657
6.98%
EPS – Basic & diluted
4.26
3.98
7.04%
Company release on Earnings Report can be accessed here.
