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Engro Corporation Sales for 9MFY17 falls 20% to Rs. 86 billion

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  • Engro Corporation net sales for the period decreased by 19.85%, amounting to a total of 86 billion Rupees during the nine months ended September, 30th 2017
  • Gross Profit decreased by 9.05% to a total of 23 billion
  • Company’s other income witnessed a rise of 36.83% during the reported period
  • The company reported a Profit after Tax of 11.64 billion, an increase of 2.86% against 11.32 billion profits from same period last year
  • Earnings per share – basic fell to 13.20 rupees in the last nine months vs 16.39 in same period during 2016
Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Three Months Ended, September 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR` 000

Net Sales

86,431,266

107,834,006

-19.85%

Cost of Sales

62,483,033

81,501,983

-23.34%

Gross Profit

23,948,233

26,332,023

-9.05%

Selling and distribution expenses

5,295,825

7,508,528

-29.47%

Administrative expenses

2,644,726

3,052,982

-13.37%

Other income

7,630,991

5,576,860

36.83%

Finance costs

3,627,033

4,492,037

-19.26%

Profit before Taxation

19,838,894

16,537,448

19.96%

Taxation

8,193,293

5,215,327

57.10%

Profit after Taxation

11,645,601

11,322,121

2.86%

Profit attributable to owners of Holding Co.

6,915,921

8,582,833

-19.42%

EPS – basic

13.20

16.39

-19.46%

EPS – diluted

13.20

16.27

-18.87%

Company release on Earnings Report can be accessed here.

Posted on: 2017-10-26T14:57:00+05:00