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.