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 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.
