BR Research

ICI Pakistan: Does it have answers for tomorrow?

Published August 26, 2011 Updated August 26, 2011 12:00am

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ICI PAKISTAN LTD
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Rs (mn)                   1HCY11    1HCY10       Chg
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Sales                     20,438    17,067       20%
Cost of sales             17,485    13,920       26%
Gross Profit               2,953     3,146       -6%
Gross margin                 14%       18%      Down
                                             400 bps
Administrative expenses      646       535       21%
Selling & distribution       898       840        7%
Financial charges             47        92      -49%
Other operating income       253       253        0%
PAT                          973     1,165      -16%
Net margin                    5%        7%      Down
                                             200 bps
EPS (Rs)                    7.01      8.39      -16%
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Source: KSE notice
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