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Friday, November 15, 2024

Home Business ICI Pakistan announces results for first quarter

ICI Pakistan announces results for first quarter

by News desk
October 22, 2020
in Business

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Staff Reporter

Karachi

Despite unprecedented economic challenges posed by Covid-19, ICI Pakistan Limited has maintained growth momentum with an increase in Profit After Tax by 6% and Earning Per Share (EPS) by 18%. Following the meeting of the Board of Directors, ICI Pakistan Limited announced its financial results for the first quarter ended September 30, 2020. On a consolidated basis (including the results of the Company’s subsidiaries: ICI Pakistan PowerGen Limited and NutriCo Morinaga (Pvt) Ltd), net turnover for the quarterunder review was PKR 14,465 million, which was almost in linewith the same period last year (SPLY). Whereas operating result at PKR 1,456 million was lower by 11% in comparison to the SPLY.