KARACHI (PR): The Board of Directors of ICI Pakistan Limited has announced financial results for the period ended June 30, 2013. Due to the change in the financial year of ICI Pakistan from January-December to July-June, results have been complied for a period of six months with a comparative analysis of the same period last year.

The company posted net sales income of Rs 18.3 billion for the period which is 9pc higher than the same period last year mainly due to higher revenues in the Polyester and soda ash businesses. Profit after tax at Rs 688 million is 37pc higher compared to the same period last year on account of robust top line growth and lower administrative and general expenses.  Earning per share at Rs 7.45pc are 37pc higher compared to Rs 5.44 for the same period last year.