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

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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.

Posted on: 2017-09-21T15:57:00+05:00

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