Corporate Alert: Engro Fertilizer declares a DPS of 2.50/- per share, reports an EPS of 3.07 for the period ended June 30, 2017

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By MG News | August 04, 2017 at 01:01 PM GMT+05:00

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Engro Fertilizer announced Financial Results for the half year ended June 30, 2017.

The company’s Net Sales for the period increased by 23 percent in the outgoing period, whereas the Profit after Taxation for the Period increased by 47 percent.

The board has recommended a cash dividend of Rs2.50/- per share i.e. 25%, no bonus shares or right shares for the period.

Comparison of Key Financials

Financial Results - For the half year ended

Key Financials

June, 30 2017

June 30, 2016

% Change

Net Sales

27,311,019

22,259,044

23%

Cost of Sales

18,603,290

15,670,500

19%

Gross Profit

8,707,729

6,588,544

32%

Selling and Distribution Expenses

3,152,943

1,780,571

77%

Administrative Expenses

441,403

4,391,319

-90%

Other Income

3,274,706

2,067,028

58%

Other Operating Expenses

621,610

419,805

48%

Finance Cost

1,300,055

1,563,542

-17%

Profit before Taxation

6,466,424

4,475,000

45%

Taxation

2,364,376

1,681,659

41%

Profit for the Period

4,102,048

2,793,341

47%

Un-appropriated profit brought forward

25,172,422

26,129,716

-4%

Final Cash Dividend for the year ended December 31, 2015 @ Rs. 3.00 per share

-

(3,991,797)

 

Final Cash Dividend for the year ended December 31, 2016 @ Rs. 2.50 per share

(3,338,251)

-

 

Profit Available for appropriation

25,936,219

24,930,260

4%

Earnings per share - basic

3.07

2.10

46%

Earnings per share - diluted

3.07

2.04

50%

 

The complete statements can be accessed here.

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