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
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.
| Unconsolidated Profit and Loss Account - For the Three Months Ended, March 30th 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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