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

By MG News | February 22, 2018 at 04:10 PM GMT+05:00

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Nimir Industries Ltd. announced financial results for the half year ending December 31^st, 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 31^st 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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