ICI Pakistan announced its financial results for the quarter ended September 30, 2014, in its meeting of the Board of Directors held on October 27, 2014, with operating results increasing by 32%, closing at Rs. 679 million compared to the same period last year.
With continued growth in diversified businesses, ICI Pakistan has achieved a 3% increase in net sales income at Rs. 9,363 million compared to the same period last year. Profit after tax for the quarter at Rs. 352 million is higher by 15% than the corresponding period last year.
Earnings per share at Rs. 3.81 has shown an increase of 15% over the same period last year. Earnings per share were impaired due to the unexpected adverse movement in exchange rates.
To strengthen future performance, the Company continues to invest in several major projects including a coal fired power plant with process steam extraction at the Soda Ash plant in Khewra and a power and steam project at the Polyester site in Sheikhupura.
These results, and the Company’s continuing plans for its businesses, bear testimony to ICI Pakistan’s commitment to invest and grow in Pakistan, while reinforcing its brand promise of ‘Cultivating Growth.’
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