ICI Pakistan Limited announces profit after tax of PKR 571 million for Q3 2011
27 October 2011
The company posted net sales income of PKR 10.03 billion and PKR 30.5 billion for the quarter and nine months ended September 30, 2011 respectively which was 18% and 19% higher than same period last year. Q3 profit after tax at PKR 571 million was dragged down by extended periods of non-availability of gas to the company’s Soda Ash and Polyester plants, located in the North and was 16 % lower than same period last year.
Chemicals and Life Sciences businesses of ICI Pakistan Limited during the nine months ended 30 September 2011 have posted significant growth in their bottom line while the Paints business has shown significant improvement with a manifold increase in operating results for Q3 2011 as compared to same period last year.
The company incurred an incremental cost of PKR 140 million (after tax PKR 91 million) for Q3 and PKR 650 million (after tax PKR 423 million) for nine months on alternate fuel.
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