ENGRO enjoys a 28% increase in yearly profits

News Image

MG News | February 21, 2020 at 01:30 PM GMT+05:00

0:00

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

 

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg