ICI Pakistan announces record profits
KARACHI: ICI Pakistan Limited has announced record-breaking financial results for the year ended on December 31, 2007. Operating profits surged by 20 percent closing at Rs 2.97 billion for 2007.
According to a press release issued on Thursday, net sales income soared from Rs 19.6 billion to Rs 23 billion, posting an increase of 18 percent. Profit before tax was at Rs 2.77 billion and profit after tax at Rs 1.78 billion, rising by 31 percent and 23 percent respectively over 2006. The company’s earnings per share surged to Rs 12.86 in 2007 compared to Rs 10.49 in 2006, showing an increase of 23 percent.
Chief executive ICI Pakistan, Waqar A Malik said that the company’s performance has demonstrated surging growth, with all businesses achieving growth in sales. staff report
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| Monday, December 31, 2007
