Corporate Alert: Engro Polymer & Chemicals reports an EPS of 1.57 for the year ended June 30, 2017

Engro Polymer & Chemicals announced Financial Results for the year ended June 30, 2017.

The company’s Net Revenue for the period increased by 17 percent in the outgoing year, whereas the Profit after Taxation for the Period increased 2666 percent.

The board recommended no Cash Dividend or bonus/right shares.

Comparison of Key Financials:

Financial Results – For the Year Ended

Key Financials

June 30, 2017

June 30, 2016

% Change

Net Revenue

13,045,657

11,161,213

17%

Cost of Sales

10,098,103

9,745,082

4%

Gross Profit

2,947,554

1,416,131

108%

Distribution and Marketing Expenses

640,281

597,070

7%

Administrative Expenses

257,444

242,981

6%

Other Operating Expenses

112,294

52,760

113%

Other Income

47,610

8,549

457%

Operating Profit

1,985,145

531,869

273%

Finance Costs

396,747

465,005

-15%

Profit before Taxation

1,588,398

66,864

2276%

Taxation

544,219

29,107

1770%

Profit for the Period

1,044,179

37,757

2666%

Earnings per share – basic and diluted

1.57

0.06

2517%

Accumulated (loss) brought forward

(1,628,905)

(2,283,693)

 

Deferred Tax charges relating to revaluation of Equity related charts

 

Accumulated (loss) before appropriation

(584,726)

(2,245,936)

 

Dividend

 

Accumulated (loss) after appropriation

(584,726)

(2,245,936)

 

 

The complete statements can be accessed here.

Posted on: 2017-08-07T14:19:00+05:00