The Board of Directors of ICI Pakistan Limited Friday declared a profit after tax of Rs 173 million while approving the company’s financial results for the quarter that ended last month on March 31. According to a statement issued by Seemi Saad, manager corporate communications at the ICI Pakistan, the company’s profit witnessed an increase of 10 percent over the corresponding period of last year. “Higher volumes in the polyester and soda ash businesses took the company’s net sales income to Rs 9.3 billion,” the statement added. The sales income, it said, marked a 13 percent growth over last year. The company’s profit before tax, during the quarter under review, also ballooned by 10 percent to Rs 265 million, the statement said. The Board of Directors also announced an earning per share of Rs 1.88 for the quarter, registering 10 percent increase compared to the previous year.
ICI Pakistan posts Rs 173m profit in 1Q2013
