Nimir Industrial Chemicals Limited’s interim financial results for the half year ended December 31, 2011

February 15, 2012   Financial Results, General   No comments

Karachi: Please find enclosed herewith the Financial Results of the Company for the Half year ended 31st December, 2011 as required under listing regulation No. 17.

Interim Financial Results for the Half Year Ended December 31, 2011

We have to inform you that the Board of Directors in their meeting held on Wednesday, February 15, 2012 at 12:00 noon at 12-B, New Muslim Town, Lahore, have recommended the following financial results of the company for the Half year ended December 31, 2011.

 

Half year ended Second quarter ended
31 December 31 December 31 December 31 December
2011 2010 2011 2010
(Rupees in thousands) (Rupees in thousands)
Sales 1,299,692 1,073,347 651,710 556,422
Cost of sales (1,116,369) (964,501) (560,524)           (495,662)
——— ——— ——- ——-
Gross profit 183,323 108,846 91,186 60,820
Distribution costs (30,989) (28,665) (15,377) (14,447)
Administrative expenses (21,101) (24,194) (10,843) (13,627)
——— ——— ——- ——-
Operating profit 131,233 55,987 64,966 32,746
Other expenses (4,721) (1,674) (2,517)             (1,674)
Other income 3,557 3,931 343 3,033
Finance cost (61,776) (33,231) (26,292) (15,630)
Foreign exchange (loss)/ gain (4,908) (2,423) (3,975) 1,293
——— ——— ——- ——-
Profit before taxation 63,385 22,590 32,525 19,768
Provision for taxation (12,997) (10,815) (6,518) (5,616)
——— ——— ——- ——-
Profit after taxation 50,388 11,775 26,007 14,152
——— ——— ——- ——-
Earnings per share- Basic (Rs.) 0.23 0.05 0.12 0.06

 

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course of time.

For more information, Contact:
Nimir Industrial Chemicals Limited
12-B, New Muslim Town, Lahore, Pakistan
Tel: +92-42-359226090-3
Fax: +92-42-359226099
Web: www.nimir.com.pk

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