KARACHI – The Board of Directors of ICI Pakistan Limited is pleased to announce the financial results for Q3 2012, says a press release. The company posted net sales income of Rs 8.7 billion and Rs 25.4 billion for the quarter and nine months ended September 30, 2012 respectively which was 3pc and 6pc lower than same period last year. Operating result for the quarter and nine months at Rs 521 million and Rs 1,270 million were both 32pc lower compared to same period last year. Sharp reduction in margin over the feedstock prices as well as lower sales volume in the PSF Business with blend economics favouring cotton and significantly higher energy cost played a major role in dragging down the operating results. EPS from continuing operations for the nine months ended September 30 2012 at Rs 8.27 was lower by 20 per cent compared to same period last year.