March 02, 2007	Friday	Safar 12, 1428

KARACHI, March 1: ICI Pakistan Limited has achieved operating results of Rs2.48 billion with a pre-tax profit of Rs2.12 billion for the year ended December 31, 2006. The operating results were 35 per cent more and pre-tax profit was 31 per cent more than the year 2005.

The company declared a final dividend of Rs3 per share. This, along with the interim dividend of Rs2.50 per share, makes a total dividend of Rs5.50 per share for the year. The earning per share for ICI Pakistan, excluding the impact of deferred tax, increased by 31 per cent, from Rs11.6 per share to Rs15.2 per share.

According to a press release, the board of directors at a meeting approved the results which showed 42pc growth in polyester, 8pc in soda ash, 63pc in paints, 39pc in life sciences, and an improvement of 18pc in the general chemicals and special products segment.