Home / Financial Results / Nimir Industrial Chemical Limited’s corrigendum – II of financial results for the first quarter ended September 30, 2011

Nimir Industrial Chemical Limited’s corrigendum – II of financial results for the first quarter ended September 30, 2011

Karachi: Reference to our earlier corrigendum letter No. 8274-NICL-KSE- 10-2011 dated 26.10.2011. We again regret to inform you that there are some classification errors which are as follows:

1. Distribution cost is now 15,612 instead of 15,950
2. Administrative expenses are now 10,258 instead of 12,124
3. Operating profit is now 68,224 instead of 66,020
4. Other income is now 3,214 instead of 5,418

Please note that all above changes are the classification errors and there is no change in the Net Profit of the Company.

Financial Results for the First Quarter ended September 30, 2011

This is to inform you that the Board of Directors in their meeting held on Wednesday, October 26, 2011 at 12:00 noon at 12-B, New Muslim Town, Lahore, have recommended the following financial results of the company for the First Quarter ended September 30, 2011.

 

July to

July to

September

September

2011

2010

(Rupees `000)

(Rupees `000)

Sales  647,982 516,865
Cost of Sales   (553,888) (468,839)
——-  ——-
Gross profit 94,094  48,026
Distribution costs (15,612)  (14,218)
Administrative expenses (10,258)  (10,567)
 ——-  ——-
Operating profit 68,224 23,241
Other expenses  (2,204)
Other income 3,214  898
Financial cost  (35,484)  (17,601)
Foreign exchange loss  (2,889)  (3,716)
 ——-  ——-
Profit before taxation 30,861 2,822
Provision for taxation  (6,480)  (5,199)
 ——-  ——-
Profit/ (Loss) after taxation 24,381  (2,377)
 ——-  ——-
Earnings per share – basic and diluted  0.11  (0.01)

 

For more information, contact:
Zafar Mahmood
Chief Executive Officer
Nimir Industrial Chemicals Limited
51-N, Industrial Area,
Gulberg II, Lahore,
Tel: 92-42-3571-8001-9
Fax: 92-42-3571-8013
Web: www.nimir.com.pk

Leave a Reply

Scroll To Top