The profit after tax of ICI Pakistan Limited has increased by 35 percent to Rs 568.183 million in the three month period ended June 30, 2008 as compared to Rs 420.259 million earned in the corresponding period in 2007. The company's earning per share also increased by 35 percent to Rs 4.09 in the period under review against Rs 3.03 in the same period last year.
The board of directors of the company at its meeting approved an interim dividend in respect of the financial year ending December 31, 2008 at the rate of 25 percent ie Rs 2.50 per share of Rs 10 each on the issued and paid up share capital of Rs 1,388,023,000 to be payable to the members whose names appear in the register of members on September 19, 2008.
According to the financial results, the company's net sales and commission income increased to Rs 7.473 billion in the three month period this year against Rs 5.422 billion in the same period last year. On the other hand, the cost of sales also increased to Rs 5.952 billion in this period against Rs 4.270 billion in the same period last year. The company's profit before tax increased to Rs 876.701 million in this period against Rs 638.398 million in the same period last year.
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