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
