NIMIR RESINS LIMITED Our reference: l1S2-NRL-PSX-04-2022
April 20, 2022
ANNOUNCEMENT
FORM -7
The Managing Director
Pakistan Stock Exchange Limited. Stock Exchange Building,
Stock Exchange Road, Karachi -74000. Tel: 021111 001122
Subject: Financial Results For The Third Quarter Ended March 31, 2022
Dear Sir,
This is to inform you that, the Board of Directors of Nimir Resins Limited {the "Company"} in its meeting held on Wednesday, April 20, 2022 at 11:30 a.m., at its Registered office, 14.5 Km., Lahore- Sheikhupura Road, Lahore has recommended the following:
1. Cash Dividend NIL
2. Bonus Shares
3. Right SharesNIL NIL
Un-audited interim financial statements of the Company for the Third quarter ended March 31, 2022 have been considered by the Board of Directors as recommended by the Audit Committee and the same have been approved. Financial Result{s} are attached {Annexure-I}.
The un-audited interim financial statements of the Company for the Third quarter ended March 31, 2022 will be transmitted through PUCARSin due course of time and will also be available at the Company's website atwww.nimir.com.pk.
Thanking you.
Yours faithfully,
Company Secretary
Encl.: FinancialResults- March 31, 2022 (Annexure-I)
Page 1 of 2
Nimir ResinsLimited | ||
Q Head office: 12-6, New Muslim Town, | Q Factory: 14.5 krn, Lahore-Sheikhupura | |
Lahore, Pakistan. | (Ii;www.nimir.com.pk | Road, Lahore, Pakistan. |
~ Tel: +924235926090-3, +924235947700-4 | acontact@nimir.com.pk | ~ Tel: +9242 37971512-14 |
Annexure-l
Nimir Resins Limited
Financial Results For The Third Quarter Ended March 31, 2022 (Un-audited)
It e ms
Nine Months Ended March 31,
I
Quarter Ended March 31,
2022
2021
2022
I 2021
Rs. '000'
Rs. '000'
7,166,952 | 5,450,169 | 2,681,758 | 2,175,539 | |
Less: | ||||
- Sales tax | (1,086,206) | (824,590) | (406,010) | (327,872) |
- Commission | (300) | (824) | (223) | |
Net sales | 6,080,446 | 4,624,755 | 2,275,748 | 1,847,444 |
Cost of sales | (5,322,613) | (4,064,451) | (1,966,619) | (1,592,638) |
G ross Profit | 757,833 | 560,304 | 309,129 | 254,806 |
Operating expenses: | ||||
- Distribution costs | (64,983) | (55,042) | (22,015) | (20,691) |
- Administrative expenses | (58,339) | (47,321) | (19,060) | (15,331) |
(123,322) | (102,363) | (41,075) | (36,022) | |
Operating Profit | 634,511 | 457,941 | 268,054 | 218,784 |
Other operating expenses | (91,658) | (36,989) | (21,258) | (19,191) |
Finance cost | (135,001) | (84,947) | (71,244) | (28,168) |
Other income | 17,746 | 12,091 | 5,132 | 3,325 |
(208,913) | (109,845) | (87,370) | (44,034) | |
Profit before Taxation | 425,598 | 348,096 | 180,684 | 174,750 |
Taxation | ||||
- Current | (135,886) | (113,431) | (55,626) | (58,270) |
- Deferred | 14,331 | 8,599 | 3,374 | 4,525 |
(121,555) | (104,832) | (52,252) | (53,745) | |
Net profit for the Period | 304,043 | 243,264 | 128,432 | 121,005 |
Earnings per Share - Basic and Diluted | 2.15 | 1.72 | 0.91 | |
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Q Head office: 12-B, New Muslim Town, | ||||
Lahore, Pakistan. | ||||
(. Tel: +924235926090-3, +924235947700-4 |
Q Factory: 14.5 km, Lahore-Sheikhupura
Revenue from sales
I
Nimir Resins Limited
~!)www.nimir.com.pk acontact@nimir.com.pk
Road, Lahore, Pakistan.
(. Tel: +924237971512-14
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Nimir Resins Ltd. published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 07:44:04 UTC.
