EFERT Review: A rather uninspiring performance

09:48
August 8, 2019
MG

August 8, 2019 (MLN): Engro Fertilizers Limited has announced its financial results for the half year ended June 30, 2019, wherein it has reported net earnings of Rs. 7.1 billion, exhibiting almost no change from the earnings reported in same period of last year.

The company’s earnings per share stood at Rs. 5.38 for the stated period. Moreover, it announced an interim cash dividend of Rs. 5 per share i.e. 50%.

The sales revenue reported positive growth of 23% on account of increase in Urea and DAP prices. However, the increase in policy rate pushed the finance costs up by 127%, causing the impact of increased sales to collapse.

The company’s overall performance did not meet the market expectations, in which most of the research houses expected the net profits to be above Rs. 7.4 billion at least.

Consolidated Financial Results for the Half Year ended June 30, 2019 (Rupees'000)
	Jun-19	Jun-18	% Change
Net sales	50,642,948	41,116,414	23.17%
Cost of sales	-34,527,984	-27,096,110	27.43%
Gross profit	16,114,964	14,020,304	14.94%
Selling and distribution expenses	-3,380,782	-3,272,515	3.31%
Administrative expenses	-590,983	-512,045	15.42%
Other income	2,438,382	1,654,086	47.42%
Other operating expenses	-986,740	-571,921	72.53%
Finance cost	-2,019,147	-886,141	127.86%
Profit before taxation	11,575,694	10,431,768	10.97%
Taxation	-4,391,519	-3,282,392	33.79%
Profit for the period	7,184,175	7,149,376	0.49%
Earnings per share – basic and diluted	5.38	5.35	0.56%

Copyright Mettis Link News

Posted on: 2019-08-08T14:48:00+05:00

29371

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FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.40000	278.50000	278.50000	278.40000	03:02 PM
2	EUR	1.06601	1.06603	1.06603	1.06601	10:47 AM
3	GBP	1.24493	1.24497	1.24497	1.24493	10:47 AM
4	CHF	0.91190	0.91195	0.91195	0.91190	10:47 AM
5	JPY	154.52500	154.53000	154.53000	154.52500	10:47 AM
6	CAD	1.37544	1.37548	1.37548	1.37544	10:47 AM
7	AUD	0.64357	0.64359	0.64359	0.64357	10:47 AM
8	INR	83.57940	83.57990	83.57990	83.57940	10:47 AM
9	SAR	3.75110	3.75130	3.75130	3.75110	07:47 PM
10	AED	3.67240	3.67270	3.67270	3.67240	07:47 PM
11	HKD	7.83089	7.83134	7.83134	7.83089	10:47 AM
12	CNH	7.25015	7.25027	7.25027	7.25015	10:47 AM
13	CNY	7.23840	7.23930	7.23930	7.23840	11:51 PM
14	THB	36.79500	36.82400	36.82400	36.79500	10:47 AM
15	MYR	4.78100	4.78600	4.78600	4.78100	05:27 AM
16	IDR	16,193.30000	16,204.40000	16,204.40000	16,193.30000	10:47 AM
17	SGD	1.36126	1.36135	1.36135	1.36126	10:47 AM
18	NZD	0.59175	0.59180	0.59180	0.59175	10:47 AM
19	MXN	17.05050	17.05340	17.05343	17.05048	10:47 AM
20	TRY	32.48790	32.49520	32.49525	32.48786	10:47 AM
21	SEK	10.93520	10.93910	10.93912	10.93524	10:47 AM
22	ZAR	19.13690	19.14590	19.14595	19.13695	10:47 AM
23	NOK	11.03240	11.03490	11.03493	11.03236	10:47 AM
24	DKK	6.99906	6.99974	6.99974	6.99906	10:47 AM
25	ARS	869.75400	869.76400	869.76420	869.75420	10:47 AM
26	BDT	108.05800	111.43000	111.42956	108.05773	07:19 AM
27	BHD	0.37700	0.37705	0.37705	0.37700	05:38 PM
28	BRL	5.23960	5.24260	5.24260	5.23960	10:46 AM
29	KRW	1,377.25000	1,377.93000	1,377.93000	1,377.25000	10:47 AM
30	KWD	0.30829	0.30839	0.30839	0.30829	07:47 PM
31	LKR	297.95700	304.51400	304.51357	297.95723	07:19 AM
32	OMR	0.38493	0.38508	0.38508	0.38493	07:31 PM
33	QAR	3.64550	3.64850	3.64850	3.64550	07:47 PM
34	RUB	94.14000	94.16000	94.16000	94.14000	08:00 PM
35	AFN	71.03990	72.91290	72.91286	71.03994	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:42 AM
37	TMT	3.36000	3.65000	3.65000	3.36000	08:00 PM
38	MVR	15.25000	15.65000	15.65000	15.25000	08:00 PM
39	UZS	12,660.70000	12,726.20000	12,726.24249	12,660.68192	07:19 AM
40	PHP	57.25200	57.27200	57.27200	57.25200	10:47 AM
42	NGN	1,148.52000	1,149.52000	1,149.52000	1,148.52000	07:19 AM
43	KES	132.25000	134.25000	134.25000	132.25000	09:08 AM
44	AMD	394.07000	394.07000	394.07000	394.07000	08:07 AM
45	TWD	32.45680	32.48680	32.48680	32.45680	10:47 AM
46	XAU	2,375.21000	2,375.46000	2,375.46000	2,375.21000	10:47 AM
47	XAG	28.25420	28.26260	28.26260	28.25420	10:47 AM
48	XPT	942.22800	948.95100	948.95100	942.22800	07:47 PM
49	XPD	1,034.40000	1,041.29000	1,041.28580	1,034.39700	07:47 PM
2,120	VES	36.19820	36.28900	36.28895	36.19818	08:00 PM
2,212	UGX	3,766.45000	3,850.73000	3,850.72810	3,766.44660	07:19 AM
2,213	TZS	2,579.99000	2,580.01000	2,580.01500	2,579.98500	07:48 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	70,645.30	70,290.119	69,783.32	-43.199	-0.061	237,694,811.0	11,463,504,265.170	18/04/2024 04:13 PM
ALLSHR	46,417.10	46,207.855	45,927.10	-25.142	-0.054	440,121,509.0	24,355,862,169.420	18/04/2024 04:13 PM
KSE30	23,225.12	23,093.810	22,904.89	-26.776	-0.116	98,900,681.0	9,116,464,844.550	18/04/2024 04:13 PM
KMI30	118,354.77	117,354.600	116,464.95	-245.338	-0.209	149,225,217.0	8,668,512,964.260	18/04/2024 04:13 PM
KMIALLSHR	32,968.78	32,723.866	32,557.70	-28.234	-0.086	281,881,154.0	20,769,541,762.000	18/04/2024 04:13 PM
BKTi	17,793.43	17,582.049	17,476.13	-169.939	-0.957	18,567,387.0	2,410,715,151.990	18/04/2024 04:13 PM
OGTi	16,667.42	16,459.940	16,334.74	-2.499	-0.015	12,106,369.0	1,792,912,599.580	18/04/2024 04:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,140.0	64,205.0	61,005.0	3,010.00
BRENT CRUDE	EB	86.9	87.7	86.1	-0.35
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-5.00
ROTTERDAM COAL MONTHLY	ET	119.1	119.1	119.1	-1.25
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	81.9	82.7	81.1	-0.23
SUGAR #11 WORLD	SB	19.4	19.7	19.2	0.12

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