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Nimir Industrial Chemicals Limited’s financial results for the year ended June 30, 2012

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by September 20, 2012 Financial Results

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

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