Wah Cantt: In a notable financial performance, Wah Nobel Chemicals Limited reported a substantial increase in its annual profits, reflecting robust growth despite challenging market conditions. According to the detailed annual report issued on October 1, 2024, the company achieved its highest ever net sales amounting to Rs. 4,685 million for the fiscal year ending June 30, 2024. This marks a 7% increase from the previous year's sales of Rs. 4,383 million.

Profits after tax surged by 22%, from Rs. 449 million in the preceding year to Rs. 549 million, underpinned by strategic cost management and enhanced operational efficiencies. The earnings per share (EPS) consequently rose to Rs. 61.05 from Rs. 49.91. In line with these robust results, the Board of Directors has recommended a final cash dividend of 100%, equivalent to Rs. 10 per share.

According to information available from the Pakistan Stock Exchange (PSX), Wah Nobel Chemicals has consistently expanded its market footprint and operational capacity. The company's commitment to maintaining high standards of quality and governance was reiterated through adherence to the Code of Corporate Governance 2019, ensuring the company's compliance with regulatory and ethical standards.

Amidst economic uncertainties, the company's leadership expressed confidence in sustaining growth trajectories and overcoming market challenges in the upcoming fiscal year. The strategic measures implemented by the management have clearly positioned Wah Nobel Chemicals as a leader in the chemical sector, ready to capitalize on future opportunities.