Engro Corporation witnesses 64% increase in semi annual profits

Financial Results for the Half Year Ended June 30th 2018 ('000 Rupees)

Jun-18

Jun-17

% Change

Net Sales

                     71,733,077

                     52,241,332

37.31%

Cost of Sales

                  (49,908,340)

                  (37,566,034)

32.85%

Gross Profit

                     21,824,737

                     14,675,298

48.72%

Selling and distribution expenses

                     (3,564,360)

                     (3,463,816)

2.90%

Administrative expenses

                     (1,780,071)

                     (1,646,840)

8.09%

Other income

                       4,971,619

                       5,617,874

-11.50%

Other operating expenses including WPPF and WWF

                     (2,260,049)

                        (756,690)

198.68%

Finance cost

                     (2,444,152)

                     (2,579,841)

-5.26%

Share of income from joint ventures & associates

                        (501,605)

                           681,268

Profit before taxation

                     16,246,119

                     12,527,253

29.69%

Taxation

                     (5,191,198)

                     (5,809,961)

-10.65%

Profit after taxation

                     11,054,921

                       6,717,292

64.57%

Earnings per share - basic and diluted (Rupees)

                               11.63

                                  7.21

61.30%