Karachi: In a recent meeting held on August 20, 2026, the Board of Directors of Hoechst Pakistan Limited approved the company's condensed interim financial statements for the half year ending June 30, 2026. The board also declared an interim cash dividend of Rs. 80 per share, equivalent to 800%, while no bonus or right shares were announced.

The company's revenue for the half-year period reached Rs. 16.67 billion, a rise from Rs. 16.28 billion in the same period last year. The cost of sales stood at Rs. 10.08 billion, resulting in a gross profit of Rs. 6.59 billion. Operating profit showed an increase, reaching Rs. 3.76 billion compared to Rs. 2.40 billion from the previous year. Profit before income tax amounted to Rs. 3.70 billion, with a final profit for the period at Rs. 2.20 billion.

According to information available from the Pakistan Stock Exchange (PSX), Hoechst Pakistan Limited is in the process of evaluating strategic expansion options. The Board of Directors has authorized management to conduct due diligence for the acquisition of a pharmaceutical company. This move is part of the company's medium to long-term strategy, which includes potential product partnerships and investments in manufacturing assets.

The company's balance sheet showed total assets of Rs. 15.51 billion, up from Rs. 14.50 billion at the end of 2025. Non-current assets increased to Rs. 4.68 billion, while current assets totaled Rs. 10.83 billion. Share capital and reserves amounted to Rs. 8.57 billion, with non-current liabilities at Rs. 754.06 million, including a new entry for the Sindh Infrastructure Development Cess.

The interim cash dividend will be distributed to shareholders recorded in the Register of Members by September 2, 2026. Share transfer books will remain closed from September 3 to September 4, 2026. The financial results and other relevant documents are accessible through the company's website.