Lahore: Nimir Industrial Chemicals Limited has announced a final cash dividend of 15 percent, equating to Rupee 1.5 per share, following a Board meeting on September 19, 2024. The company confirmed that no bonus or rights shares would be issued this year.

According to information available from the Pakistan Stock Exchange (PSX), the audited financial statements for the year ended June 30, 2024, were thoroughly reviewed by the Board and the Audit Committee before receiving approval. These statements show a decline in revenue and profit compared to the previous year.

The net revenue from contracts with customers after sales tax and trade discounts amounted to Rupees 41.93 billion in 2024, down from Rupees 43.83 billion in 2023. Operating profit also decreased to Rupees 5.10 billion from Rupees 5.52 billion in the previous year, reflecting increased costs and reduced gross profit margins.

Additionally, the company announced that its 31st Annual General Meeting (AGM) is scheduled for October 28, 2024, in Sheikhupura, with share transfer books to remain closed from October 22 to October 28, 2024. The Annual Report will be made available through PUCARS at least 21 days prior to the AGM and will also be accessible on the company’s website.