ICI Pakistan declares record dividend

KARACHI: ICI Pakistan Limited has recorded a higher profit after tax of Rs 2.428 billion during the year ending December 31, 2010 and declared a record final cash dividend of Rs 12 per share.

According to financial results despatched to KSE here Thursday, the pre-tax profit surged to Rs 3.731 billion compared to Rs 3.072 billion in 2009.

The earning per share (EPS) also improved to Rs 17.50 for the period under review as against Rs 14.73 last year.

The company said that the net sale income grew by 24 percent, profit after tax recorded a growth of 19 percent while EPS climbed by 19 percent over last year.