Nimir Industrial Chemicals Limited Announces Solid Dividends and EPS Growth

Business & Finance

Karachi, Nimir Industrial Chemicals Limited (NICL) has demonstrated robust financial performance, according to recent data from the Pakistan Stock Exchange. The company's shares traded at a rate of Rs. 105.00, closely followed by a daily weighted average rate of Rs. 104.78. NICL, with a paid-up capital of Rs. 1,105.90 million, declared a 25% dividend for the year ending 2023 and a 20% dividend for the third quarter of the financial year 2024. The Earnings Per Share (EPS) for January 2024 were reported at Rs. 129, indicating strong growth. The stock achieved a high rate of Rs. 129 and a low of Rs. 16.62, maintaining a significant market presence since its listing in 1996.