Karachi August 5 2021: ICI Pakistan net turnover for the year ended June 30, 2021 was PKR 64,766 million which was 17 percent higher over the same period last year (SPLY), as per company documents.
Whereas, operating result at PKR 8,045 million was higher by 43 percent in comparison to SPLY. Profit After Tax (PAT) for the year was PKR 5,229 million of which loss of PKR 341 million is attributable to non-controlling interests. This translates into PAT attributable to the owners of Holding Company at PKR 5,569 million and into an Earning Per Share (EPS) of PKR 60.30, which was higher by 114 percent as compared to the SPLY. During the year, the Company recognized PKR 527 million as a share of profit from its Associate - NutriCo Pakistan (Private) Limited.
On a standalone basis, PAT for the year ended June 30, 2021, at PKR 5,959 million and EPS at PKR 64.52 was 92% higher than the SPLY.
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The Board of Directors has recommended the final cash dividend in respect of the financial year ended June 30, 2021 at PKR 20 per share. This is in addition to the interim cash dividend of PKR 20/- per share already paid, as recommended by the Board of Directors.
This final cash dividend will bring the total cash dividend of PKR 40 per share during the year. The above ho entitlement, if approved by the shareholders will be paid to those shareholders whose names will appear in the Register of Members on September 22, 2021