Lahore: Nimir Industrial Chemicals Limited has released its financial results for the half-year ended December 31, 2024, with the Board of Directors announcing a 20% interim cash dividend amounting to Rs. 2.0 per share. The decision was made in a board meeting held on February 13, 2025, at the company’s head office in Lahore.
The company reported its unaudited standalone and consolidated financial accounts, which were reviewed and approved by the Board of Directors upon the recommendation of the Audit Committee. Notably, no bonus shares or right shares were announced during this period. The share transfer books are scheduled to close from March 01 to March 03, 2025, with transfers received by February 28, 2025, being eligible for dividend entitlements.
According to the unaudited financial statements, Nimir Industrial Chemicals Limited’s total assets amounted to 31.78 billion, including non-current assets of 14.25 billion and current assets of 17.53 billion. The equity and liabilities section reported a total of 31.78 billion, with the share capital and reserves totaling 9.04 billion.
The company’s net cash generated from operating activities stood at 2.99 billion, while cash used in investing activities was recorded at 1.01 billion. Financing activities resulted in a net cash outflow of 1.81 billion. The company ended the period with cash and cash equivalents of 472.83 million, an increase from 303.17 million at the beginning of the period.
The financial performance was backed by a profit before taxation of 1.26 billion and adjustments totaling 1.90 billion. These adjustments included depreciation, amortization, and finance costs. The company also benefitted from a 605.17 million increase in tax refunds due from the government, contributing to a positive cash flow from operations.
According to information available from the Pakistan Stock Exchange (PSX), Nimir Industrial Chemicals Limited is classified under the designated market category for industrial chemicals. The company’s financial statements will be accessible via PUCARS and its official website.
As Nimir Industrial Chemicals Limited continues to strengthen its financial standing, stakeholders and investors remain optimistic about its future growth and profitability in the industrial chemicals market.