Earnings Report: Nimir Industrial Chemicals Ltd. (PSX: NICL) today reported Financial Results for the Twelve months ended June 30, 2017

By MG News | September 21, 2017 at 03:57 PM GMT+05:00

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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.

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