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.