Engro Corp reports solid 9-month results
MG News | October 29, 2024 at 10:27 AM GMT+05:00
October 29, 2024 (MLN): Engro Corporation Limited's (PSX: ENGRO) revenue from continued operations grew by 12% to Rs279 billion in the first nine months of 2024, compared to Rs250bn in the same period of 2023.
Consolidated profit after tax (PAT) attributable to shareholders from continued operations stood at Rs10.6bn (EPS: Rs19.68), up from Rs9.9bn (EPS: Rs18.13) last year.
Higher profitability is primarily driven by responsive pricing strategies and cost optimization.
The Company also announced an interim cash dividend of Rs5 per share in third quarter. This payout is in addition to the Rs19 per share dividend already announced in the first half, bringing the cumulative nine-month dividend to Rs24 per share.
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