AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, October 24, 2012 (PPI-OT): The Board of Directors of ICI Pakistan Limited is pleased to announce the financial results for Q3 2012.
The company posted net sales income of PKR 8.7 billion and PKR 25.4 billion for the quarter and nine months ended September 30, 2012 respectively which was 3% and 6% lower than same period last year. Operating result for the quarter and nine months at PKR 521 million and PKR 1,270 million were both 32% lower compared to same period last year.
Sharp reduction in margin over the feedstock prices as well as lower sales volume in the PSF Business with blend economics favouring cotton and significantly higher energy cost played a major role in dragging down the operating results.
EPS from continuing operations for the nine months ended September 30 2012 at PKR 8.27 was lower by 20 percent compared to same period last year.
Other Information
Nine Months Ended September 30, 2012
Net Sales Income PKR 25,417 million
Profit before taxation PKR 1,171 million
Profit after taxation PKR 764 million
Earnings per share PKR 8.27 million
For more information, contact:
Seemi Saad
Manager Corporate Communications and Public Affairs
ICI Pakistan Limited
Tel: +9221 3531 3821 – 24
Fax: +9221 3531 3832
Email: seemi.saad@akzonobel.com