Nimir Resins Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Sales for the period increased by 50.10 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 40.04 percent.
The board has not recommended any Dividend for the year. Whereas, the board issued 2.20% bonus shares for the period, the utilization scheme for the Right Issue fund totaled to Rs. 385 Million for repayment and/or adjustment of sponsor loans and Rs. 28 Million on BMR (balancing, modernizing and replacement) of production facilities.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended
Key Financials
2017
2016
% Change
Amounts in PKR
Sales
2,668,804,664
1,778,018,742
50.10%
Cost of Sales
2,371,467,054
1,543,831,444
53.61%
Gross Profit
297,337,610
234,187,298
26.97%
Dist: Cost
45,437,159
45,675,999
-0.52%
Admin: Expenses
31,407,570
52,121,218
-39.74%
Operating Profit
55,661,267
136,390,081
-59.19%
Other operating expenses
60,992,853
36,284,159
68.10%
Finance cost
7,236,751
49,972,239
-85.52%
Other Income
11,075,512
22,744,813
-51.31%
Profit before Taxation
36,738,862
72,878,496
-49.59%
Taxation
74,336,650
19,796,345
275.51%
PAT
74,336,650
53,082,151
40.04%
EPS – Basic & diluted
0.27
0.24
12.50%
Company release on Earnings Report can be accessed here.
