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 |
| Â |
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.
