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

MG News | August 18, 2017 at 02:46 PM GMT+05:00

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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.

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