Nimir Resins Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 28, 2024
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Nimir Resins Limited reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was PKR 2,303.27 million compared to PKR 2,695.28 million a year ago. Revenue was PKR 1,932.36 million compared to PKR 2,288.84 million a year ago. Net income was PKR 45.2 million compared to PKR 27.64 million a year ago. Basic earnings per share from continuing operations was PKR 0.32 compared to PKR 0.2 a year ago.
For the six months, sales was PKR 5,444.89 million compared to PKR 5,412.73 million a year ago. Revenue was PKR 4,599.52 million compared to PKR 4,594.98 million a year ago. Net income was PKR 126.38 million compared to PKR 44.85 million a year ago. Basic earnings per share from continuing operations was PKR 0.89 compared to PKR 0.32 a year ago.
Nimir Resins Limited is a Pakistan-based company that is engaged in the manufacturing of chemicals. The Company is engaged in the manufacturing of coating resins, composite resins (UPR), optical brighteners, textile auxiliaries and paper surface sizing agents. Its segments include Coating, Emulsion and Blending, and Textile, Paper and Other. Its products and services include coatings, emulsions and polyester; optical brightening agents; textile chemicals and auxiliaries; pulp and paper chemicals, and others. Its coatings, emulsions and polyester products include amino resins, urethane alkyds, rosin modified resins, epoxy esters, acrylic resins, metal driers, emulsion binders, wetting agent, and silicon and mineral oil antifoam. It produces a range of optical brightening agents in flakes and liquid for various applications. The Company provides solutions for sizing, pre-treatment, dyeing, printing and finishing of yarn, woven, non-woven, knitwear, towel and other textile applications.