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

MG News | October 26, 2017 at 02:57 PM GMT+05:00

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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, 30^th 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 30^th 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.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,330.00	77,495.00 76,105.00	1555.00 2.05%
BRENT CRUDE	97.71	100.73 97.10	-5.83 -5.63%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-8.75 -7.37%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.30 0.27%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	90.90	93.90 90.32	-5.70 -5.90%
SUGAR #11 WORLD	14.68	14.91 14.59	-0.22 -1.48%