ENGRO enjoys a 28% increase in yearly profits

08:30
February 21, 2020
MG

February 21, 2020 (MLN): Engro Corporation Limited (ENGRO) has declared net profits of Rs. 30.2 billion (EPS: Rs. 28.69) for the year ended December 31, 2019, which is nearly 28.17% lower than the figures reported last year.

The company also announced a Final Cash Dividend for the year at Rs. 1 per share i.e. 10%. This is in addition to Interim Dividends already paid at Rs. 23 per share i.e. 230%.

The topline earnings of the company saw a growth of 31.6% owing to the benefits emanating from the Thar energy projects.

Furthermore, a rise in the profitability of Engro Fertilizers and Engro Powergen, combined with a reduction in the losses of FrieslandCampine Engro Pakistan, provided further impetus to the company’s net earnings.

Financial Results for the Year Ended December 31, 2019 ('000 Rupees)
	Dec-19	Dec-18	% Change
Revenue	225,919,576	171,568,238	31.68%
Cost of Sales	(157,233,488)	(120,459,766)	30.53%
Gross Profit	68,686,088	51,108,472	34.39%
Selling and distribution expenses	(8,103,286)	(8,488,256)	-4.54%
Administrative expenses	(6,156,325)	(4,497,302)	36.89%
Other income	13,663,434	9,147,368	49.37%
Other operating expenses	(8,477,620)	(5,518,656)	53.62%
Operating profit	59,612,291	41,751,626	42.78%
Finance cost	(14,750,272)	(5,453,221)	170.49%
Share of income from joint ventures & associates	1,147,999	128,647	792.36%
Profit before taxation	46,010,018	36,427,052	26.31%
Taxation	(15,721,927)	(12,795,319)	22.87%
Profit after taxation	30,288,091	23,631,733	28.17%
Earnings per share – basic and diluted (Rupees)	28.69	22.06	30.05%

Copyright Mettis Link News

Posted on: 2020-02-21T13:30:00+05:00

32926

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.40000	278.60000	278.60000	278.40000	03:02 PM
2	EUR	1.07013	1.07016	1.07016	1.07013	08:25 PM
3	GBP	1.24630	1.24650	1.24650	1.24630	08:25 PM
4	CHF	0.91422	0.91434	0.91434	0.91422	08:25 PM
5	JPY	155.28500	155.28900	155.28900	155.28500	08:25 PM
6	CAD	1.37010	1.37017	1.37017	1.37010	08:25 PM
7	AUD	0.65000	0.65040	0.65040	0.65000	08:25 PM
8	INR	83.28890	83.28940	83.28940	83.28890	08:23 PM
9	SAR	3.75040	3.75060	3.75060	3.75040	03:41 AM
10	AED	3.67240	3.67340	3.67340	3.67240	05:23 AM
11	HKD	7.82998	7.83027	7.83027	7.82998	08:25 PM
12	CNH	7.27187	7.27209	7.27209	7.27187	08:25 PM
13	CNY	7.24600	7.24610	7.24610	7.24600	08:07 PM
14	THB	37.10000	37.12000	37.12000	37.10000	08:25 PM
15	MYR	4.78000	4.78500	4.78500	4.78000	08:22 PM
16	IDR	16,202.10000	16,221.90000	16,221.90000	16,202.10000	08:25 PM
17	SGD	1.36135	1.36142	1.36142	1.36135	08:25 PM
18	NZD	0.59370	0.59430	0.59430	0.59370	08:25 PM
19	MXN	17.07710	17.08310	17.08310	17.07710	08:25 PM
20	TRY	32.50820	32.58350	32.58352	32.50816	08:25 PM
21	SEK	10.88170	10.88660	10.88661	10.88169	08:25 PM
22	ZAR	19.21420	19.24890	19.24890	19.21420	08:25 PM
23	NOK	10.98740	10.99460	10.99461	10.98742	08:25 PM
24	DKK	6.96894	6.96978	6.96978	6.96894	08:25 PM
25	ARS	873.24100	873.25100	873.25090	873.24090	08:25 PM
26	BDT	108.08100	111.45000	111.45007	108.08130	08:00 PM
27	BHD	0.37697	0.37701	0.37701	0.37697	03:42 AM
28	BRL	5.14550	5.14850	5.14850	5.14550	08:25 PM
29	KRW	1,375.33000	1,375.50000	1,375.50000	1,375.33000	08:25 PM
30	KWD	0.30795	0.30805	0.30805	0.30795	05:24 AM
31	LKR	295.09500	301.64500	301.64508	295.09470	08:00 PM
32	OMR	0.38498	0.38502	0.38502	0.38498	04:56 AM
33	QAR	3.64600	3.64900	3.64900	3.64600	09:31 PM
34	RUB	92.27000	94.07000	94.07000	92.27000	08:00 PM
35	AFN	70.00000	72.00000	72.00000	70.00000	08:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:44 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	15.25000	15.65000	15.65000	15.25000	08:00 PM
39	UZS	12,670.00000	12,770.00000	12,770.00000	12,670.00000	08:00 PM
40	PHP	57.53000	57.55000	57.55000	57.53000	08:22 PM
42	NGN	1,253.53000	1,254.53000	1,254.53000	1,253.53000	08:00 PM
43	KES	133.50000	135.50000	135.50000	133.50000	08:00 PM
44	AMD	362.05200	418.19900	418.19900	362.05235	08:00 PM
45	TWD	32.64000	32.67000	32.67000	32.64000	08:25 PM
46	XAU	2,318.00000	2,318.25000	2,318.25000	2,318.00000	08:25 PM
47	XAG	27.22790	27.23880	27.23880	27.22790	08:25 PM
48	XPT	905.20000	907.60000	907.60000	905.20000	05:25 AM
49	XPD	997.85500	1,003.51000	1,003.33000	997.86500	05:24 AM
2,120	VES	36.29670	36.38780	36.38776	36.29673	08:00 PM
2,212	UGX	3,771.15000	3,855.37000	3,855.36757	3,771.14838	08:00 PM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	08:00 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,414.33	72,051.892	71,467.02	692.487	0.970	324,513,222.0	15,826,554,117.260	24/04/2024 04:13 PM
ALLSHR	47,375.82	47,172.817	46,960.12	306.944	0.655	599,296,643.0	24,458,132,413.340	24/04/2024 04:13 PM
KSE30	23,944.85	23,807.818	23,586.59	240.962	1.023	111,127,951.0	11,140,196,445.780	24/04/2024 04:13 PM
KMI30	121,905.06	121,162.457	119,802.31	1,486.525	1.242	142,025,745.0	9,533,161,297.560	24/04/2024 04:13 PM
KMIALLSHR	33,729.93	33,656.520	33,366.03	337.953	1.014	426,610,117.0	19,046,525,407.830	24/04/2024 04:13 PM
BKTi	18,030.81	17,888.609	17,862.22	36.126	0.202	21,512,241.0	2,556,142,444.850	24/04/2024 04:13 PM
OGTi	17,023.12	16,956.573	16,845.36	87.498	0.519	9,136,075.0	1,278,959,401.370	24/04/2024 04:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,275.0	64,320.0	63,735.0	395.00
BRENT CRUDE	EB	88.0	88.0	87.9	-0.06
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-2.40
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	1.10
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	82.7	82.9	82.6	-0.07
SUGAR #11 WORLD	SB	19.6	19.8	19.5	-0.02

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