KARACHI: The Board of Directors of ICI Pakistan Limited has announced the company’s financial results unconsolidated profit after tax for the quarter, at Rs 741 million, which is 20 per cent higher than the same period last year (SPLY), with earnings per share at Rs 8.02.
ICI Pakistan Limited’s results for the first quarter of the new financial year continue to maintain a strong trajectory, laying a solid foundation for the upcoming months.
The company’s operating result for the period under review, at Rs 1,009 million, increased by 16 per cent, an increase that is attributed to improved performances from the polyester and life sciences businesses. In the polyester business, better margins and higher volumes contributed to an 82 per cent reduction in operating loss, while strong performances in both divisions of the life sciences business (pharmaceuticals and animal health) resulted in a 53 per cent increase in operating profit compared to the SPLY.
