Engro Corporation Ltd. profits falls 40.63 percent to Rs. 3.146 billion

MG News | April 23, 2018 at 03:00 PM GMT+05:00

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Engro Corporation (ENGRO) today announced financial results for the three months period ending 31 March, 2018 reporting Dividend and Royalty Income earned worth Rs. 2.995 billion.

Among other heads, Other Income at Engro Corp reported a 4.14 percent decline during the outgoing three months with total other income clocking in at 1.007 billion.

On the expenses front, Engro reported a 40 percent increase in Administrative Expenses, Other Operating Expenses decreased by 89 percent and finance cost down by 73 percent.

Engro Corporation Limited reported profit after taxation at Rs. 3.146 billion down by 40.63 percent from 5.299 billion last year translating into an EPS of Rs. 6.01 vs. an EPS of Rs 10.12 during the three months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Three Months Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR ‘000
Dividend and Royalty Income	2,995,652	5,387,297	-44.39%
Administrative Expenses	203,951	145,635	40.04%
Other Income	1,007,105	1,050,651	-4.14%
Other Operating Expenses	13	122	-89.34%
Finance Cost	34,980	133,693	-73.84%
Profit before Taxation	3,763,813	6,158,498	-38.88%
Taxation	614,447	858,554	-28.43%
Profit after Taxation	3,146,366	5,299,944	-40.63%
EPS - Basic and diluted	6.01	10.12	-40.61%
Add: Unapproproiated Profit brought forward	60,660,171	61,307,059	-1.06%
Profit available for Appropriation	63,806,537	66,607,003	-4.20%

Company release on Earnings Report can be accessed here.

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