| GEO Business|
| ICI Pakistan net profit up at Rs 984 mln|
| Updated at: 1744 PST, Thursday, August 21, 2008|
KARACHI: ICI Pakistan Limited has recorded half year profit (June 2008) after tax at Rs984.342 million, showing an impressive growth of 33 per cent over corresponding last year.
According to an announcement here on Thursday, earnings per share (EPS) for the half year ended 30 June 2008 are up by 33 per cent to Rs 7.09.
ICI Pakistan board of directors has approved an interim dividend at the rate of 25 per cent or Rs 2.50 per share.
Despite increasingly difficult business environment, net sales income for half year ended 30 June 2008 stood at Rs 14.1 billion registered a strong growth of 34% compared to 2007 figures through a combination of higher volume, better pricing and launch of new products.
Operating results also improved by an impressive 36% to Rs 1.7 billion during the period under review over the previous year.