Nimir Industries Ltd. announces Financial Results for the half year ending 31st December, 2017
MG News | February 22, 2018 at 04:10 PM GMT+05:00
Nimir Industries Ltd. announced financial results for the half year ending December 31st, 2017. The company reported Net Sales worth Rs. 5.516 billion during the half year against Rs. 3.497 billion same period last year; up 57.75% from last year.
Nimir Industries Ltd. reported bottom-line profits worth Rs. 299.137 million with an EPS of 2.7/share.
Management approved an interim cash dividend @ 10%, declaring a cash dividend of Rupees1 per share.
| Unconsolidated Profit and Loss Account - For the Half Year Ended, December 31st 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Net Sales | 5,516,790 | 3,497,199 | 57.75% |
| Gross Profit | 778,824 | 532,646 | 46.22% |
| Profit before Taxation | 471,029 | 337,695 | 39.48% |
| Profit after Taxation | 299,137 | 219,113 | 36.52% |
| EPS - Basic and diluted | 2.70 | 1.98 | 36.36% |
The company release on the financial results can be accessed here.
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