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

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)