Corporate Alert: Engro Corporation announces Financial Results; Dividend and Royalty Income increases by 52 percent YoY, PAT decreases by 79 percent YoY, EPS 7.84/- & DPS 7/- for the period

Engro Corporation announces Financial Results for the period ended June 30, 2017.

The company’s Dividend and Royalty Income for the period increased by 52 percent in the outgoing year, whereas the Profit after Taxation for the Period also declined by 79 percent owing to a 930 percent spike in Taxes paid in the period.

  • Interim cash dividend for the quarter ended June 30, 2017 @ Rs 7.00 per share i.e. 70%. This is in addition to the already paid interim dividend at Rs. 5.00 per share i.e. 50%.
  • Bonus Shares/Right Shares – Nil

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

 

Amounts

Dividend and Royalty Income

5,828,500

3,842,506

52%

Admin: Expenses

506,297

550,911

-8%

Other Income

2,152,429

16,630,583

-87%

Other Operating Expenses

2,980

1,287

132%

Finance Cost

277,355

281,568

-1%

Profit before Taxation

7,194,297

19,339,472

-63%

Taxation

3,089,268

299,851

930%

Profit/(loss) after taxation

4,105,029

19,339,472

-79%

Earnings per share – basic and diluted

7.84

36.92

-79%

Add: Unappropriated Profit brought forward

61,307,059

13,585,382

351%

Less: DPS of 7/- for the year ended 31, 2015

3,666,493

-100%

Less: First Interim DPS of 5/- for the year ended 31, 2016

2,618,925

-100%

Less: DPS of 4/- for the year ended 31, 2016

2,095,140

 

Less: First Interim DPS of 5/- for the year ended 31, 2017

2,618,925

 

Profit available for Appropriation

60,698,023

26,639,436

128%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-18T14:46:00+05:00