Nimir Industries Ltd. announces Financial Results for the half year ending 31st December, 2017

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.

Comparison of Key Financials

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.

Posted on: 2018-02-22T16:10:00+05:00