Investing.com - ICI Pakistan reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ICI Pakistan announced earnings per share of ₨16.40 on revenue of ₨24.30. Analysts polled by Investing.com anticipated EPS of ₨13.28 on revenue of ₨20,967M.
ICI Pakistan shares are down 10% from the beginning of the year, still down 19.06% from its 52 week high of ₨850.00 set on April 15.
ICI Pakistan follows other major Materials sector earnings this month
ICI Pakistan's report follows an earnings beat by Pioneer Cement on October 4, who reported EPS of ₨1.6 on revenue of ₨9.34B, compared to forecasts EPS of ₨1.31 on revenue of ₨9.56B.
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