EFERT reports loss of 0.4% due to technical issue

By MG News | November 14, 2022 at 03:33 PM GMT+05:00

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November 14, 2022 (MLN): Engro Fertilizer Limited (EFERT) on Monday reported a loss of approximately 0.4% of the annual production due to a technical issue in the EnVen plant, the company’s filings on the stock exchange showed on Monday.

“The EnVen plant tripped on Friday, 11 Nov’22 due to a technical issue. The issue was fixed, and the plant resumed operations on Sunday, 13 Nov’22, resulting in an estimated production loss of 0.4% of the annual production”, the report added.

At the time of writing, the scrip of the company is being traded at Rs81.32, down by Rs0.39 or 0.48% DoD.

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