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Nimir Industrial Chemicals Limited’s financial results

Karachi: Please find enclosed herewith the Financial Results of the Company for the First Quarter ended September 30, 2011 as required under listing regulation No. 17.

Financial Results for the First Quarter ended September 30, 2011

We have to inform you that the Board of Directors in their meeting held on Wednesday, September 26, 2011 at 12:00 a.m. 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)

(Rupees)

Sales 647,982 516,865
Cost of Sales  (553,888) (468,839)
 ——- ——-
6ross 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

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