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.