Nimir Resins Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
April 30, 2024 at 05:26 pm
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Nimir Resins Limited reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was PKR 2,528.46 million compared to PKR 3,028.32 million a year ago. Revenue was PKR 2,131.5 million compared to PKR 2,539.56 million a year ago. Net income was PKR 79.26 million compared to PKR 184.86 million a year ago. Basic earnings per share from continuing operations was PKR 0.56 compared to PKR 1.31 a year ago.
For the nine months, sales was PKR 7,973.35 million compared to PKR 8,441.05 million a year ago. Revenue was PKR 6,731.02 million compared to PKR 7,134.54 million a year ago. Net income was PKR 205.64 million compared to PKR 229.71 million a year ago. Basic earnings per share from continuing operations was PKR 1.46 compared to PKR 1.63 a year ago.
Nimir Resins Limited is a Pakistan-based company that is engaged in the manufacturing of chemicals. The Company is engaged in the manufacturing of coating resins, composite resins (UPR), optical brighteners, textile auxiliaries and paper surface sizing agents. Its segments include Coating, Emulsion and Blending, and Textile, Paper and Other. Its products and services include coatings, emulsions and polyester; optical brightening agents; textile chemicals and auxiliaries; pulp and paper chemicals, and others. Its coatings, emulsions and polyester products include amino resins, urethane alkyds, rosin modified resins, epoxy esters, acrylic resins, metal driers, emulsion binders, wetting agent, and silicon and mineral oil antifoam. It produces a range of optical brightening agents in flakes and liquid for various applications. The Company provides solutions for sizing, pre-treatment, dyeing, printing and finishing of yarn, woven, non-woven, knitwear, towel and other textile applications.