Corporate Alert: Engro Powergen Qadirpur Limited declares a DPS of Rs. 1.75, reports an EPS of 4.77 for the period ended June 30, 2017

Engro Powergen Qadirpur Limited announced Financial Results for the half year ended June 30, 2017.

The company’s Sales for the period increased by 30 percent in the outgoing year, whereas the Profit after Taxation for the Period increased 24 percent.

The board has recommended interim Cash Dividend for the half year ended June 30, 2017 @ Rs. 1.75 per share i.e. 17.5%, whereas it issued no bonus shares or right shares.

Comparison of Key Financials:

Financial Results – For the half Year Ended

Key Financials

June 30, 2017

June 30, 2016

% Change

Sales

6,151,505

4,714,618

30%

Cost of Sales

4,469,508

3,303,705

35%

Gross Profit

1,681,997

1,410,913

19%

Administrative Expenses

96,465

85,040

13%

Other Expenses

1,875

1,850

1%

Other Income

110,028

100,087

10%

Profit from Operations

1,693,685

1,424,110

19%

Finance Cost

147,471

178,782

-18%

Profit before taxation

1,546,214

1,245,328

24%

Taxation

276

351

-21%

Profit for the period

1,545,938

1,244,977

24%

Un-appropriated profit brought forward

4,979,272

4,001,084

24%

Final dividend for the year ended December 31, 2015 @RS. 1.00 per share

323,800

-100%

Final dividend for the year ended December 31, 2016 @RS. 1.50 per share

485,700

 

Profit available for appropriation

6,039,510

4,922,261

23%

EPS – basic and diluted

4.77

3.84

24%

The complete statements can be accessed here

Posted on: 2017-08-09T12:34:00+05:00