TRANSFORMING FOR A SUSTAINABLE FUTURE
REPORT 22
QUARTERLY 20
March (Unaudited)
Company Information
Board of Directors
Mr. M. Saeed-uz-Zaman Mr. Zafar Mahmood Mr. Imran Afzal Mr. Aamir Jamil
Mr. Javed Saleem Arif Mr. Tariq Ahmad Khan Ms. Parveen Akhter Malik Mr. Saqib Anjum
Mr. Abdul Jaleel Shaikh
- Chairman
- Chief Executive Officer
(Nominee - Pak Brunei Investment Company Limited)
Chief Financial Officer
Syed Sajid Nasim
Company Secretary
Mr. Muhammad Inam-ur-Rahim
Head of Internal Audit
Mr. Nabeel Ahmad Khan
Audit Committee
Mr. Javed Saleem Arif Mr. Tariq Ahmad Khan Mr. Abdul Jaleel Shaikh
- Chairman
- Member
- Member
Human Resource & Remuneration Committee
Ms. Parveen Akhter Malik Mr. M. Saeed-uz-Zaman Mr. Zafar Mahmood
External Auditors
EY Ford Rhodes Chartered Accountants
Legal Advisor
Cornelius, Lane & Mufti Advocates & Solicitors Shares' Registrar Corplink (Pvt.) Limited
Wings Arcade, 1-K (Commercial), Model Town, Lahore.
Tel: +92 42 35916714 & 19 Fax: +92 42 35869037www.corplink.com.pk
Bankers
Al Baraka Bank Limited Allied Bank Limited Askari Bank Limited Bank Alfalah Limited
Bank Islami Pakistan Limited Habib Bank Limited
Habib Metropolitian Bank Limited Industrial & Commercial Bank of China MCB Bank Limited
Meezan Bank Limited National Bank of Pakistan
Pak Brunei Investment Company Limited
Pak Kuwait Investment Company (Pvt) Limited Pak China Investment Company Limited
Pair Investment Company Limited Samba Bank Limited
Soneri Bank Limited
Standard Chartered Bank Pakistan Limited The Bank of Punjab
Registered Office/Factory
14.8 km., Sheikhupura-Faisalabad Road, Bhikhi, District Sheikhupura, Pakistan. Tel: +92 56 3883001-7
- Chairperson
Fax: +92 56 3883010
- Member
Cell: +92 301-8221151, 301-8483950
- Member
Lahore Office
12-B, New Muslim Town, Lahore, Pakistan.
Tel: +92 42 35926090-93 +92 42 35947700-04
Karachi Office
607, Progressive Centre, Block - 6, PECHS, Shahrah-e-Faisal, Karachi. Tel : +92 21 34327661 - 62
Website
www.nimir.com.pk
Directors' Review Report
The Directors are pleased to present their review report on the un-audited interim financial results of Nimir Industrial Chemicals Limited (the "Company" - NICL) for nine months ended March 31, 2022. The synopsis of the results is as under:"
Nine Months ended March 31
Change | |||
PKR Million | % | ||
Gross Sales Revenue | 26,703 | 19,176 | 39% |
Gross Profit | 3,009 | 2,540 | 18% |
Operating Profit | 2,561 | 2,161 | 19% |
Pre-Tax Profit | 1,804 | 1,773 | 2% |
Profit after Tax | 1,274 | 1,234 | 3% |
Earnings per share (Rs.) | 11.52 | 11.16 | 3% |
2022
2021
Your Company showed all-round performance during the third quarter ended March 31, 2022. The gross sales grew by 51%, which resulted in 35% increase in operating profit over the same quarter last year. Despite increase in financial cost, your company managed to post19% increase in the profit after tax during the quarter. The quarterly performance helped the Company to achieve overall 39% growth in gross sales, 19% increase in operating profit and 3% increase in profit after tax during nine months period ended March 31, 2022.
The recent geopolitical tension on Ukraine crisis posing external risk resulting in high commodity prices and supply chain disruption worldwide. Likewise, domestic political unrest, continuous rupee devaluation, depleting forex reserve and increase in discount rates building continuous high risk on domestic economy. The management is well aware of the challenges and is committed to deliver its best to keep growth momentum continued.
The aggressive capital investment plan executed in the last financial year has started bringing results. The Company recently commissioned the expansion of Soap Noodles plant, expansion of Aerosol plant, up gradation and expansion of caustic soda plant and new production facility for Home Care products. The other projects are also in the process of completion / commissioning.
With all these expansions and diversification of product range, we are confident to achieve sustainable growth in future, Insha Allah
For and on the behalf of the BoardLahore
April 25, 2022
Director
Zafar Mahmood Chief Executive Officer
Quarterly Report - March 2022
19,176 | 26,703 | ||
35
19
Financial Statements Separate
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2022
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Nimir Industrial Chemical Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 05:43:25 UTC.