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

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.

Posted on: 2018-04-23T15:00:00+05:00