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ContentsICI Pakistan LimitedCompany Information2Review of the Directors (English /)3Condensed Interim Unconsolidated Balance Sheet12Condensed Interim Unconsolidated Profit and Loss Account13Condensed Interim Unconsolidated Statement of Comprehensive Income14Condensed Interim Unconsolidated Cash Flow Statement15Condensed Interim Unconsolidated Statement of Changes in Equity16Notes to the Condensed Interim Unconsolidated Financial Statements17Condensed Interim ConsolidatedFinancial InformationReview of the Directors for ICI Pakistan Group (English /)26Condensed Interim Consolidated Balance Sheet28Condensed Interim Consolidated Profit and Loss Account29Condensed Interim Consolidated Statement of Comprehensive Income30Condensed Interim Consolidated Cash Flow Statement31Condensed Interim Consolidated Statement of Changes in Equity32Notes to the Condensed Interim Consolidated Financial Statements33ICI Pakistan Limited Quarterly Report July - September 201601
Company InformationBoard of DirectorsMuhammad Sohail TabbaMuhammad Ali TabbaJawed Yunus TabbaAmina A Aziz BawanyChairman (Non-Executive)Vice Chairman (Non-Executive)Non-ExecutiveNon-ExecutiveAudit Sub CommitteeKhawaja Iqbal HassanMuhammad Ali TabbaJawed Yunus TabbaChairmanMemberMemberChief Financial OfficerMuhammad Abid GanatraAsif JoomaKhawaja Iqbal HassanM Abid GanatraKamal A ChinoyHR & Remuneration Sub CommitteeMuhammad Ali TabbaChairmanMuhammad Sohail Tabba MemberJawed Yunus TabbaMemberAsif JoomaMemberKhawaja Iqbal HassanMemberCompany SecretarySaima Kamila KhanHead of Internal AuditMuhammad Ali MirzaExecutive Management TeamAsif JoomaChief ExecutiveM A Samie CashmiriArshaduddin AhmedGeneral Manager,Chemicals BusinessSaima Kamila KhanFathema ZuberiGeneral Manager,Human ResourcesSuhail Aslam KhanM Abid GanatraChief Financial OfficerMatin AmjadBankersAllied Bank LimitedAskari Bank LimitedBank Al Habib LimitedBank Alfalah LimitedCitibank N.A.Deutsche Bank AGFaysal Bank LimitedHabib Bank LimitedChief ExecutiveIndependentExecutiveIndependentVice President,Life Sciences Business& StrategyGeneral Counsel,Company Secretary, andHead of CorporateCommunication &Public AffairsVice President,Polyester &Soda Ash BusinessGeneral Manager,PharmaceuticalsHabib Metropolitan Bank LimitedMCB Bank LimitedMeezan Bank LimitedNational Bank of PakistanNIB Bank LimitedSamba Bank LimitedStandard Chartered Bank (Pakistan) LimitedUnited Bank LimitedAuditorsInternal AuditorsKPMG Taseer Hadi & Co.,Chartered AccountantsExternal AuditorsEY Ford RhodesChartered AccountantsRegistered OfficeICI House, 5 West Wharf, Karachi-74000Tel # 111-100-200, (021) 32313717-22Fax # 32311739Website: www.ici.com.pkShares RegistrarFAMCO Associates (Pvt) Ltd.8-F, Next to Hotel Faran,Nursery, Block-6, P.E.C.H.S.Shahrah-e-Faisal, Karachi.Tel: (021) 34380101-2,Fax: (021) 34380106Website: www.famco.com.pk02ICI Pakistan Limited Quarterly Report July - September 2016
Review of the DirectorsFor the Quarter Ended September 30, 2016The Directors are pleased to present their review, together with the unaudited financialstatements of the Company, for the quarter ended September 30, 2016.Net turnover for the quarter under review of PKR 9,255 million is 9% higher than thesame period last year (SPLY), primarily due to higher revenue in the Life SciencesBusiness, which increased by 37%, with double digit growth in the Animal Health andAgri Divisions.Operating result for the quarter at PKR 871 million is 24% higher as compared to theSPLY, due to improved performance of the Polyester and Life Sciences Businesses.Robust control over fixed costs, coupled with lower energy costs, were the maincontributors in reducing the Polyester Business’s operating loss by 72%. Strongperformance in the Life Sciences Business, particularly Animal Health and Agri Divisions,resulted in a 40% increase in operating profit compared to the SPLY.The net profit after taxation for the quarter under review of PKR 617 million is 30%higher than the SPLY due to a higher operating result, higher dividend income fromAssociate, and lower exchange losses compared to the SPLY.Earnings per share at PKR 6.68 is 30% higher than the SPLY.Quarter EndedSept 2016Quarter EndedSept 20159,2558,502Profit before taxation (PKR million)834607Profit after taxation (PKR million)617475Earnings per share (PKR)6.685.14Net turnover (PKR million)Profit before taxation (PKR m)Net turnover (PKR m)8,5029,255Sep 2015Sep 2016Profit after taxation (PKR m)Sep 2015Sep 2016Sep 2015607834Sep 2016Earnings per share (PKR)475Sep 20156175.14Sep 2016ICI Pakistan Limited Quarterly Report July - September 20166.6803
Review of the DirectorsFor the Quarter Ended September 30, 2016Polyester Staple Fibre Business (PSF)Net turnover (PKR m)Sep 2015Sep 20163,1233,208Operating result (PKR m)Sep 2015 (284)Sep 2016(80)The outlook across the global economy remained fragile during the period under reviewwith subdued demand from major economies, news of division in the Euro Zone postBrexit, and the continuing oil glut. During the quarter, OPEC members held severalunofficial meetings to agree on oil production cutbacks. Despite no concrete outcome,the meetings did however help contain a further slide in crude oil prices. Consequently,prices across the petrochemical chain remained range-bound, as traders indulged innarrow buying in anticipation of further price corrections.The regional bearish trend thus also impacted domestic PSF prices, which slid by 6%during the current period compared with the SPLY. Domestic margins, however, improvedby 10% following the imposition of final anti-dumping duties on Chinese PSF exports toPakistan in March 2016, as well as due to a 1% increase in PSF import duty in the FederalBudget 2016-17 following the 1% upward adjustment in the duty on PTA. The PolyesterBusiness continued to maintain its customer focus, which led to an 8% growth in salesvolume over the SPLY. Overall, despite the drop in prices, net turnover for the period underreview increased by 3% compared to the SPLY.Following the reduction in global oil prices, rising coal prices, and improvement in thesupply of gas to the industrial sector, the Polyester plant’s energy requirements wereprimarily met by an energy mix of gas and furnace oil. Despite higher production, thishelped achieve an 11% saving in unit energy costs as compared to the SPLY.Furthermore, operating spend was carefully managed along with other strategicinitiatives to reduce the operating loss by 72% as compared to the SPLY.The Business attended a seminar organised by the Ministry of Commerce on the secondphase of the China Pakistan Free Trade Agreement, and advocated the importance ofmaintaining PSF in Category V (the no-concessions list) during the second phase ofnegotiations. Additionally, the Business made representations at several hearings againstpetitions filed by APTMA and Chinese PSF exporters to protect the final imposition ofanti-dumping duties on Chinese PSF exports.Looking ahead, the pricing direction of the petrochemical chain depends heavily onthe movement of oil prices. Market dynamics in the domestic PSF industry will belargely driven by pricing stimulus from regional markets. Additionally, with the winterseason approaching, availability of gas to the domestic industry will be the key factorin shaping downstream PSF demand.04ICI Pakistan Limited Quarterly Report July - September 2016
Review of the DirectorsFor the Quarter Ended September 30, 2016Soda Ash BusinessOperating result (PKR m)Net turnover (PKR m)Sep 2015Sep 20162,6752,651Sep 2015Sep 2016725626Net turnover during the quarter remained lower by 1% due to higher discounts offered tocustomers in spite of higher sales volumes by 5%. The soda ash market grew by a modest2% over the SPLY on the back of steady growth in the branded detergent segment.The first quarter of the fiscal year (historically a slow period) witnessed a heavy monsoonseason which negatively impacted generic detergent production. Branded detergentsgained a greater share in the overall detergent market. Performance of the silicate segmenthas improved over last year due to small manufacturers in the northern region resumingproduction with better gas availability. Demand from the paper segment improved overlast year, as producers returned to using soda ash in light of firmer caustic soda prices.The sodium bicarbonate market continues to grow as per expectations due to increaseddemand in the bakery and poultry segments.A decrease in net turnover coupled with a higher depreciation charge led to an operatingresult of PKR 626 million which is 14% lower than the SPLY.The Business continues to maintain a strong focus on improving plant reliability andenhancing the production capability of the Soda Ash plant. As a result of these efforts,production volumes at 84,600 tons remained 2% higher than the SPLY.The new power generation plant operated successfully during the quarter. However,teething issues in the commissioning of the steam turbine are being addressed in orderto ensure its smooth operation.Work is also underway for the commissioning of the mechanical mining project involvingthe road header. This will further secure the business’s growing demand for salt.The DGAD (Director General Anti-Dumping) India released its report revealing that allanti-dumping duties on imports of soda ash into India have been revoked. This will lead toa reduction in prices in India.The soda ash market is expected to pick up steam in the second quarter with themonsoon season and Eid holidays having passed. However, competition from importsis also expected to rise as global soda ash prices face a downward trajectory.ICI Pakistan Limited Quarterly Report July - September 201605
Review of the DirectorsFor the Quarter Ended September 30, 2016Life Sciences BusinessOperating result (PKR m)Net turnover (PKR m)Sep 20151,804Sep 2016Sep 20152,463Sep 2016175245The Life Sciences Business delivered significant growth of 37% in net turnover and 40%in operating result during the quarter as compared to the SPLY. The increase in sales wasprimarily driven by strong performance in the Animal Health and Agri Divisions (with eachDivision posting double digit sales growth) whilst growth in Pharmaceuticals Division salesremained in the single digit.The Pharmaceuticals Division has finalised an agreement with Smith & Nephew (“S&N”)to market a range of S&N’s advanced wound management products in Pakistan. S&Nis a global player in advanced wound management products, arthroscopy products,trauma and clinical therapy products, and orthopaedic reconstruction products.The Animal Health Division managed to double its sales as compared to the SPLY,crossing the PKR 1 billion mark in the first quarter for the very first time. Animal Healthproduct Vanda delivered sales in excess of PKR 100 million for the first time in a singlemonth (August 2016).In the Agri Division, the Agrochemicals segment showed robust performance despite achallenging period for the agriculture sector. Through the introduction of new productsand demand generation-focussed activities, the Division has established itself as a seriousplayer in the market.The future outlook of the Business remains encouraging, with the launch of new productlines across all Divisions as the Business continues to strengthen its existing portfolio.Chemicals BusinessOperating result (PKR m)Net turnover (PKR m)Sep 2015Sep 2016901935Sep 2015Sep 20168880Net turnover of PKR 935 million for the quarter is 4% higher than the SPLY due to improvedperformance in the Polyurethanes and Specialty Chemicals Divisions. However, the quarter’soperating result does not reflect the growth in net turnover as the Business incurred higheroperating expenses during this period to further improve its future performance.Going forward, the Business is geared to deliver strong results by exploring newsegments, creating value for existing and new customers through innovation, andcontinued focus on cost efficiencies.06ICI Pakistan Limited Quarterly Report July - September 2016
Review of the DirectorsFor the Quarter Ended September 30, 2016Future OutlookLooking ahead, crude oil markets are expected to continue to search for a new equilibriumdue to which prices will likely remain unpredictable. PSF margins are expected to improvepost levy of the anti-dumping duty, as well as the 1% increase in PSF import duty. Thenew power and steam generation project at Soda Ash, coupled with the expanded DenseAsh (DA) and Refined Sodium Bicarbonate (RSB) plants commissioned during last year,are expected to offset the impact of lower selling prices due to a fall in import offers in theSoda Ash Business. The outlook for the Life Sciences and Chemicals Businesses remainspositive.The Company plans to remain focused on efficient energy alternatives, cost reductioninitiatives, strengthening relationships with existing customers and suppliers, and continuouslyexploring opportunities for both organic and inorganic growth.Muhammad Sohail TabbaChairman / DirectorAsif JoomaChief ExecutiveOctober 25, 2016KarachiICI Pakistan Limited Quarterly Report July - September 201607
Operating result8820158008Net turnover2016901935ICI Pakistan Limited Quarterly Report July - September 201620152016
Net turnoverOperating result1752451,804201520162,46320152016ICI Pakistan Limited Quarterly Report July - September 201609
Operating resultNet turnover(284)(80)20152016Operating result725102016Net turnover201562620153,1233,20820162,6752,651ICI Pakistan Limited Quarterly Report July - September 201620152016
8,5029,255Net turnover (PKR million)607834Profit before taxation (PKR million)475617Profit after taxation (PKR million)5.146.68Earnings per share (PKR)Profit before taxation607834Net turnover20152016Earnings per share5.146.688,5029,25520152016Profit after taxation4752015201661720152016ICI Pakistan Limited Quarterly Report July - September 201611
Condensed Interim UnconsolidatedBalance SheetAs at September 30, 2016Amounts in PKR ‘000NoteSeptember 30,2016(Unaudited)June 30,2016(Audited)ASSETSNon-current assetsProperty, plant and equipmentIntangible 17,056,794Long-term investmentsLong-term loansLong-term deposits and 0,588,030Share capital and reservesAuthorised capital1,500,000,000 (June 30, 2016: 1,500,000,000)ordinary shares of PKR 10 each15,000,00015,000,000Issued, subscribed and paid-up capital92,359,050 (June 30, 2016: 92,359,050)ordinary shares of PKR 10 eachCapital reservesUnappropriated ,294Total 588,030Current assetsStores, spares and consumablesStock-in-tradeTrade debtsLoans and advancesTrade deposits and short-term prepaymentsOther receivablesTaxation - netCash and bank balances8Total assetsEQUITY AND LIABILITIESSurplus on revaluation of property, plant and equipmentNon-current liabilitiesProvisions for non-management staff gratuityLong-term loansDeferred tax liability - net910Current liabilitiesTrade and other payablesAccrued mark-upShort-term borrowings and running financeCurrent portion of long-term loans11Total equity and liabilitiesContingencies and commitments12The annexed notes from 1 to 22 form an integral part of the condensed interim unconsolidated financial statements.Muhammad Sohail TabbaChairman / Director12Asif JoomaChief ExecutiveICI Pakistan Limited Quarterly Report July - September 2016Muhammad Abid GanatraChief Financial Officer
Condensed Interim UnconsolidatedProfit and Loss Account (Unaudited)For the Quarter Ended September 30, 2016Amounts in PKR ‘000For the3 monthsendedSeptember 30,2016Turnover - note 13For the3 monthsendedSeptember 30,201510,572,0349,826,783Sales tax(579,968)(697,363)Commission and et turnoverCost of sales - note 13 and 14Gross 3,5951,423,161Selling and distribution expenses(580,501)(499,148)Administration and general 82,310)(1,684)(48,028)Operating result - note 13Finance costsExchange lossesWorkers' profit participation fund(43,968)(32,156)Workers' welfare fund(17,021)(12,393)Other chargesDividend from associateOther incomeProfit before taxationTaxation - note 15Profit after 16,657474,890(PKR)Basic and diluted earnings per share6.685.14The annexed notes from 1 to 22 form an integral part of the condensed interim unconsolidated financial statements.Muhammad Sohail TabbaChairman / DirectorAsif JoomaChief ExecutiveMuhammad Abid GanatraChief Financial OfficerICI Pakistan Limited Quarterly Report July - September 201613
Condensed Interim UnconsolidatedStatement of Comprehensive Income (Unaudited)For the Quarter Ended September 30, 2016Amounts in PKR ‘000For the3 monthsendedSeptember 30,2016Profit after taxation616,657Items to be reclassified to profit or loss in subsequent periods:Loss on hedge during the periodIncome tax relating to hedging reserveAdjustments for amounts transferred to initialcarrying amounts of hedged item - capital work-in-progressTotal comprehensive income for the periodFor the3 monthsendedSeptember 657473,003The annexed notes from 1 to 22 form an integral part of the condensed interim unconsolidated financial statements.Muhammad Sohail TabbaChairman / Director14Asif JoomaChief ExecutiveICI Pakistan Limited Quarterly Report July - September 2016Muhammad Abid GanatraChief Financial Officer
Condensed Interim UnconsolidatedCash Flow Statement (Unaudited)For the Quarter Ended September 30, 2016Amounts in PKR ‘000September 30,2016September 30,2015Cash flows from operating activitiesCash generated from / (used in) operations - note 16Receipts / (payments) for :Non-management staff gratuity and eligible retired employees'medical schemeStaff retirement benefit planTaxationInterestNet cash generated from / (used in) operating Cash flows from investing activitiesCapital expenditureProceeds from disposal of operating fixed assetsInterest received on bank depositsDividend from associateNet cash used in investing activitiesCash flows from financing activitiesLong-term loans obtainedLong-term loans repaidDividends paidNet cash (used in) / generated from financing activities(139,132)211,699Net increase / (decrease) in cash and cash equivalentsCash and cash equivalents at the beginning of the period338,137(1,818,146)(1,252,265)(1,763,980)Cash and cash equivalents at the end of period (Ref. 1)(1,480,009)(3,016,245)Ref. 1: Cash and cash equivalents at the end of period comprise of:Cash and bank balancesShort-term borrowings and running 009)(3,016,245)The annexed notes from 1 to 22 form an integral part of the condensed interim unconsolidated financial statements.Muhammad Sohail TabbaChairman / DirectorAsif JoomaChief ExecutiveMuhammad Abid GanatraChief Financial OfficerICI Pakistan Limited Quarterly Report July - September 201615
Condensed Interim UnconsolidatedStatement of Changes in Equity (Unaudited)For the Quarter Ended September 30, 2016Issued,subscribedand paid-upcapitalAs at July 1, 2015923,591Amounts in PKR ‘000Capitalreserves309,643Profit for the periodLoss on hedgeTransferred to capital work-in-progress--Total comprehensive income--Transfer from surplus onrevaluation of property, plantand equipment incrementaldepreciation for the period- net of deferred taxAs at September 30, 2015Final dividend of PKR 6.50per share for the year endedJune erim dividend of PKR 6.50per share for the year endedJune 30, 2016--(600,337)-(600,337)Total dividends--(1,200,674)-(1,200,674)Profit for the period--2,368,296-2,368,296Other comprehensive incomefor the period - net of taxGain on hedgeTransferred to capital work-in-progress--(13,960)---Total comprehensive income--Transfer from surplus onrevaluation of property, plantand equipment incrementaldepreciation for the period- net of deferred taxAs at June 30, 2016Profit for the periodTotal comprehensive incomeTransfer from surplus onrevaluation of property, plantand equipment incrementaldepreciation for the period- net of deferred taxAs at September 30, 3,823,913-23,96215,057,147The annexed notes from 1 to 22 form an integral part of the condensed interim unconsolidated financial statements.Muhammad Sohail TabbaChairman / Director16Asif JoomaChief ExecutiveICI Pakistan Limited Quarterly Report July - September 2016Muhammad Abid GanatraChief Financial Officer
Notes to the Condensed Interim UnconsolidatedFinancial StatementsFor the Quarter Ended September 30, 20161Amounts in PKR ‘000Status and nature of businessICI Pakistan Limited (“the Company”) is incorporated in Pakistan and is listed on The Pakistan Stock Exchange.The Company is a subsidiary of Lucky Holding Limited (a subsidiary of Lucky Cement Limited) and is engagedin the manufacture of polyester staple fibre, POY chips, soda ash, specialty chemicals, sodium bicarbonateand polyurethanes; marketing of seeds, toll manufactured and imported pharmaceuticals and animal healthproducts; and merchanting of general chemicals. It also acts as an indenting agent and toll manufacturer. TheCompany’s registered office is situated at 5 West Wharf, Karachi.These are the separate condensed interim financial statements of the Company in which investment insubsidiary and associate is stated at cost less impairment losses if any.2Statement of complianceThe condensed interim unconsolidated financial statements have been presented in condensed formin accordance with approved accounting standards as applicable in Pakistan for interim financialreporting and is being submitted to shareholders in accordance with the requirements of section 245of the Companies Ordinance, 1984. These condensed interim unconsolidated financial statements donot include all of the information required for full annual financial statements and should be read inconjunction with the annual financial statements as at and for the year ended June 30, 2016.3Significant accounting policiesThe accounting policies and methods of computation adopted for the preparation of these condensedinterim unconsolidated financial statements are the same as those applied in the preparation of thefinancial statements for the year ended June 30, 2016.4.Property, plant and equipmentSeptember 30,2016(Unaudited)Operating fixed assets - at net book valueCapital work-in-progress - at costCivil works and buildingsPlant and machineryAdvances to suppliers / contractorsNote 4.2Total property, plant and equipmentJune 2,32017,040,3344.1 Following is the cost of operating fixed assets that have been added / disposed off during the quarterended September 30, 2016:Additions / TransfersDisposals - NBVSeptember 30,June 30,September 30,June (Audited)Freehold landLime beds on freehold landBuildings on freehold landBuildings on leasehold landPlant and machineryRolling stock and vehiclesFurniture and 4,887-13,712ICI Pakistan Limited Quarterly Report July - September 201617
Notes to the Condensed Interim UnconsolidatedFinancial StatementsFor the Quarter Ended September 30, 2016Amounts in PKR ‘000September 30,2016(Unaudited)June 30,2016(Audited)4.2 The following is the movement in capital work-in-progressduring the periodOpening balanceAddition during the period / ble assets - at net book value - note 5.115,53716,4605.1 This includes additions of intangible assets ,934356,330Transferred to operating fixed assetsClosing balance56Intangible assetsLong-term investmentsUnquotedSubsidiary- ICI Pakistan PowerGen Limited (wholly owned) - note 6.17,100,000 ordinary shares (June 30, 2016: 7,100,000)of PKR 100 eachProvision of impairment lossAssociate- NutriCo Pakistan (Private) Limited (40% ownership)200,000 ordinary shares (June 30, 2016: 200,000 shares)of PKR 1,000 each and premium of PKR 3,800 per shareOthersEquity security available for sale- Arabian Sea Country Club Limited6.1 As of the balance sheet date, the value of the Company's investmenton the basis of net assets of ICI Pakistan PowerGen Limited(the Subsidiary) as disclosed in its unaudited condensed interimfinancial statements amounted to:7Long-term loansConsidered GoodDue from executives and employeesCurrent portion shown under loans and advances18ICI Pakistan Limited Quarterly Report July - September 2016
Notes to the Condensed Interim UnconsolidatedFinancial StatementsFor the Quarter Ended September 30, 2016Amounts in PKR ‘000September 30,2016(Unaudited)8June 30,2016(Audited)Stock-in-tradeIt includes items carried at net realisable value of PKR 638.600 million (June 30, 2016: PKR 338.822million) on which reversal of PKR 6.160 million (June 30, 2016: PKR 10.999 million expense) wasrecognized during the period.9Long-term loansLong-term loans - note 9.1Current portion shown under current liabilities9.1 Opening balanceObtained during the period / yearRepaid during the period / yearClosing 5,556)3,907,4804,046,369There is no material change in the amounts and disclosure made in the annual financial statements withregard to long-term loans.10 Deferred tax liability - netDeductible temporary differencesProvisions for retirement benefits, doubtful debts and othersRetirement funds provisionTaxable temporary differencesProperty, plant and 41300,0001,275,6921,730,4801,964,43311 Short-term borrowings and running financeExport refinance - (mark-up: SBP rate 0.25% per annum)Money marketShort-term running finance - securedICI Pakistan Limited Quarterly Report July - September 201619
Notes to the Condensed Interim UnconsolidatedFinancial StatementsFor the Quarter Ended September 30, 2016Amounts in PKR ‘000September 30,2016(Unaudited)12June 30,2016(Audited)Contingencies and commitments12.1 Claims against the Company not acknowledged as debtsare as follows:Local 024141,078143,07412.2 There are no changes in the status of custom duty, income tax and salestax contingencies as reported in the annual audited financial statementsof the Company.12.3 Commitments in respect of capital expenditure (including light ashand coal & steam generation project of Soda Ash business)12.4 Commitments for rentals under operating lease / Ijarah contractsin respect of vehicles are as able not later than one yearPayable later than one year but not later than five years20ICI Pakistan Limited Quarterly Report July - September 2016
ICI Pakistan Limited Quarterly Report July - September 931(3,173,189)34,742(47,657)(66,957)(79,872)Net turnoverCost of sales- note 13.1 and 14Gross profitSelling and distributionexpensesAdministration andgeneral expensesOperating 334,401(78,173)-3,286,104For the3 monthsendedSeptember 30,2015(78,173)Commission anddiscountsSales taxFor the3 monthsendedSeptember 30,2016PolyesterOperating Segment resultsTurnover - note 13.1,13.2 & )(127,655)(455,139)3,257,586For the3 monthsendedSeptember 30,2015Soda AshFor the3 monthsendedSeptember 30,2016For the Quarter Ended September 30, 3,201(446,264)(428,957)(17,307)2,909,465For the3 monthsendedSeptember ,804,269(332,891)(305,372)(27,519)2,137,160For the3 monthsendedSeptember 30,2015Life SciencesNotes to the Condensed Interim UnconsolidatedFinancial Statements 86)(117,572)1,099,129For the3 monthsendedSeptember 30,2015ChemicalsFor the3 monthsendedSeptember For the3 monthsendedSeptember 30,2016703,946(220,
For the Quarter Ended September 30, 2016 ICI Pakistan Limited Quarterly Report July - September 2016 03 Sep 2015 Sep 2016 Net turnover (PKR m) 8,502 9,255 Sep 2015 Sep 2016 Profit before taxation (PKR m) 607 834 Sep 2015 Sep 2016 Profit after taxation (PKR m) 475 617 Sep 2015 Sep 2016 Earnings per share (PKR) 5.14 6.68 Quarter Ended Quarter .
