Nimir Industrial Chemicals : Financial Results For The Third Quarter Ended March 31, 2022

Our reference: 8747-NICL-P5X-04-2022

Form -7

ANNOUNCEMENT

April 25, 2022

The Managing Director

Pakistan Stock Exchange Limited. Stock Exchange Building,

Stock Exchange Road, Karachi -74000. Tel: [phone]

Subject: Financial Results For The Third Quarter Ended March 31, 2022

Dear Sir,

This is to inform you that the Board of Directors of Nimir Industrial Chemicals Limited (the "Company") in its meeting held on Monday, April 25, 2022 at 11:30 a.m. at its Head Office 12-B, New Muslim Town, Lahore has recommended the following:

1. Cash Dividend NIL

• 2. Bonus Shares

• 3. Right SharesNIL NIL

Un-audited standalone and consolidated financial statements of the Company for the Third quarter period ended March 31, 2022 have been considered by the Board of Directors as recommended by the Audit Committee and the same have been apporved. Financial results are attached (Annexure-1 & Annexure-2).

The un-audited interim financial statements of the Company for the Third quarter period ended March 31, 2022 will be transmitted through PUCARSin due course of time and will also be available at the Company's website atwww.nimir.com.pk.

Thanking you.

Yours faithfully,

Muhammad Ina -ur-Rahim" Company Secretary

Encl.: FinancialResults- March 31, 2022 (Annexure - 1 & 2)

Page I 01'3

Nimir Industrial ChemicalsLimited
Q Head office: 12-B, New Muslim Town,	Q Factory: 14.8 km, Sheikhupura-Faisalabad
Lahore, Pakistan.	Road, Bhikhi, Dist. Sheikhupura, Pakistan.
*,)www.nimir.com.pk
~ Tel: [phone]	•[e-mail]	~ Tel: [phone]

Annexure-1

Nimir Industrial Chemicals Limited

Financial Results For The 3rd Quarter Ended March 31, 2022 (Un-audited)

Nine months ended

Three months endedItems

March 31,	March 31,	March 31,	March 31,
2022	2021	2022	2021

-------------------------------------------

Rs. "000" --------------------------------------------

Operating profit

Other expenses

Other income

Foreign exchange (loss) / gain

Finance costs

Profit before taxation

Taxation

-Current

- Deferred

Distribution	costs
Administrative	expenses

Revenue from contracts with customers-gross	26,703,497	19,176,048	10,693,254	7,052,259
Less: Sales tax, trade discount and commission	(3,946,527)	(2,861,408)	( 1,579,329)	( 1,037,470)
Revenue from contracts with customers-net	22,756,970	16,314,640	9,113,925	6,014,789
Cost of sales	(19,748,195)	(13,774,823)	(7,846,646)	(5,038,535)
Gross profit	3,008,775	2,539,817	1,267,279	976,254
(155,781)	(142,939)	(63,455)	(62,712)
(292,175)	(236,233)	(98,887)	(93,049)
(447,956)	(379,172)	(162,342)	(155,761)
2,560,819	2,160,645	1,104,937	820,493
(133,667)	(133,850)	(57,557)	(51,481)
33,507	23,097	11,326	11,606
(6,675)	29,700	(5,708)	23,149
(650,454)	(306,645)	(276,391)	(109,147)
1,803,530	1,772,947	776,607	694,621
(538,077)	(534,133)	(209,215)	(229,335)
9,103	(4,393)	(19,815)	(5,700)
(528,974)	(538,526)	(229,030)	(235,035)
1,274,556	1,234,421	547,577	459,586
11.52	11.16	4_95	4.16

Profitfor the period

Earnings per share - Basic and diluted (Rs.)

For Nimir Industrial C

Muhammad Inam-ur-Ra im

Company Secretary

Page 2 of3

9 Head office: 12-B, New Muslim Town,

Lahore, Pakistan.

~ Tel: [phone]

Nimir Industrial Chemicals Limited

(~vwww.nimir.com.pk

I![e-mail]

9 Factory: 14.8 km, Sheikhupura-Faisalabad

Road, Bhikhi, Dist. Sheikhupura, Pakistan. t Tel: [phone]

Annexure-2

Nimir Industrial Chemicals Limited

Consolidated Financial Results For The 3rd Quarter Ended March 31. 2022 (Un-audited)

Nine month period endedThree month period endedItems

31 March	31 March	31 March	31 March
2022	2021	2022	2021

.-------- ----------------------------------- Rs. "000" ---------------------------------------------

Revenue from contracts with customers-gross	33,705,869	24,488,381	13,296,493	9,191,900
Less: Sales tax, trade discount and commission	(5,033,033)	(3,691,937)	(1,991,560)	(1,371,371 )
Revenue from contracts with customers-net	28,672,836	20,796,444	11,304,933	7,820,529
Cost of sales	(24,916,877)	(17,695,314)	(9,739,417)	(6,590,715)
Gross profit	3,755,959	3,101,130	1,565,516	1,229,814
Distribution costs	(220,764)	(197,981)	(85,469)	(83,403)
Administrative expenses	(349,824)	(282,953)	(117,684)	(108,155)
(570,588)	(480,934)	(203,153)	(191,558)
Operating profit	3,185,371	2,620,196	1,362,363	1,038,256
Other expenses	(225,325)	(170,839)	(78,815)	(70,672)
Other income	49,746	33,818	15,957	14,476
Foreign exchange (loss) I gain	(6,675)	29,700	(5,708)	23,149
Finance cost	(785,455)	(391,592)	(347,634)	(137,315)
Profit before taxation	2,217,662	2,121,283	946,163	867,894
Taxation	(650,529)	(643,358)	(281,282)	(288,780)
Profit after taxation	1,567,133	1,477,925	664,881	579,114
Attributable to:
Equity holders of the parent	1,377,581	1,326,283	584,791	503,662
Non-controlling interests	189,552	151,642	80,090	75,452
1,567,133	1,477,925	664,881	579,114
Earnings per share
- Basic and diluted (Rs.)	12.46	11.99	4.55
Page 3 of3

Company Secretary

~~~~~

• o Head office: 12-8, New Muslim Town,

  Lahore, Pakistan.

t:.. Tel: [phone]

..

~~~

Nimir Industrial Chemicals Limited

~vwww.nimir.com.pk [e-mail]

Muhammad Inam-ur-Rahim

• o Factory: 14.8 km, Sheikhupura-Faisalabad

  Road, Bhikhi, Dist. Sheikhupura, Pakistan. t:.. Tel: [phone]