AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, September 20, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Thursday, 20, 2012 at 3:00 p.m. at our registered office, 14.8 KM, Sheikhupura-Faisalabad Road, Bhikkhi, District Sheikhupura has recommended the following:
1. Cash Dividend Nil
2. Bonus Shares Nil
3. Right Shares Nil
Financial results of the company for the year ended June 30, 2012 have been considered by the Board of Directors as recommended by the Audit Committee and approved the same. Financial Results are attached at Annexure-1.
Annexure-1
Financial Results for the Year Ended June 30, 2012
|
2012 |
2011 |
|
|
(Rupees) |
(Rupees) |
|
| Sales- Net |
2,677,604,626 |
2,431,135,925 |
| Cost of sales |
(2,330,080,723) |
(2,119,039,395) |
|
————- |
————- |
|
| Gross profit |
347,523,903 |
312,096,530 |
| Distribution costs |
(61,881,739) |
(61,093,868) |
| Administrative expenses |
(44,089,373) |
(49,762,067) |
|
————- |
————- |
|
| Operating profit |
241,552,791 |
201,240,595 |
| Other expenses |
(8,478,266) |
(7,556,868) |
| Other income |
8,398,566 |
7,512,450 |
| Finance costs |
(114,383,699) |
(96,959,415) |
| Foreign exchange loss |
(14,183,015) |
(2,273,810) |
| Remission of subordinated loan |
– |
711,084,887 |
|
————- |
————- |
|
| Profit before taxation |
112,926,377 |
813,047,839 |
| Taxation |
118,564,719 |
(26,087,814) |
|
————- |
————- |
|
| Profit after taxation |
231,491,096 |
786,960,025 |
| Other comprehensive income – Net of taxation |
– |
– |
|
————- |
————- |
|
| Total comprehensive income for the year |
231,491,096 |
786,960,025 |
|
————- |
————- |
|
| Earnings per share – basic and diluted (Rs.) |
1.05 |
3.56 |
For more information, contact:
M. Inam-ur-Rahim
Company Secretary
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