Karachi: Nimir Industrial Chemicals Ltd (NICL) and Nimir Resins Ltd (NRSL) convened a corporate briefing session to review their financial performance for the fiscal year 2026 and to outline future strategies. The companies reported substantial growth in earnings and highlighted key developments in their business operations.
According to AKD Securities Limited, NICL's earnings increased by 18% year-over-year, reaching PkR2.4 billion, with earnings per share rising to PkR21.6 compared to PkR18.3 in the same period last year. This growth is attributed to higher sales and an improvement in margins, which rose to 15.7% from 14.8% in the previous year. During the fiscal year, NICL successfully positioned Chlorinated Paraffin Wax (CPW) as a preferred brand in the domestic market, resulting in increased sales volumes.
Additionally, NICL expanded its customer base in the collaborative manufacturing segment and explored new export opportunities in the Middle East and Africa. These efforts are part of the company's strategy to diversify its market presence and enhance its growth trajectory in the coming years.