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

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	260.00000	262.00000	262.00000	260.00000	02:21 PM
2	EUR	1.08710	1.08740	1.08740	1.08710	11:47 AM
3	GBP	1.23810	1.23830	1.23830	1.23810	11:47 AM
4	CHF	0.92214	0.92262	0.92262	0.92214	11:47 AM
5	JPY	129.87000	129.88000	129.88000	129.87000	11:47 AM
6	CAD	1.33360	1.33410	1.33410	1.33360	11:47 AM
7	AUD	0.71490	0.71530	0.71530	0.71490	11:47 AM
8	INR	81.50800	81.52300	81.52300	81.50800	11:47 AM
9	SAR	3.74904	3.75824	3.75824	3.74904	11:47 AM
10	AED	3.67190	3.67390	3.67390	3.67190	11:47 AM
11	HKD	7.83000	7.83050	7.83050	7.83000	11:47 AM
12	CNH	6.75566	6.75574	6.75574	6.75566	11:47 AM
13	CNY	6.78240	6.78440	6.78440	6.78240	11:47 AM
14	THB	32.75900	32.80900	32.80900	32.75900	11:47 AM
15	MYR	4.24150	4.24650	4.24650	4.24150	11:47 AM
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22	ZAR	17.18830	17.21810	17.21809	17.18827	11:47 AM
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27	BHD	0.37412	0.37964	0.37964	0.37412	11:47 AM
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30	KWD	0.30476	0.30576	0.30576	0.30476	11:47 AM
31	LKR	360.96000	367.39800	367.39799	360.96032	11:47 AM
32	OMR	0.38348	0.38624	0.38624	0.38348	11:47 AM
33	QAR	3.63950	3.64250	3.64250	3.63950	11:47 AM
34	RUB	70.69250	70.76250	70.76250	70.69250	11:47 AM
35	AFN	88.21450	90.05380	90.05380	88.21447	11:47 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	11:47 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	11:47 AM
38	MVR	15.26000	15.46000	15.46000	15.26000	11:47 AM
39	UZS	11,308.30000	11,372.70000	11,372.72267	11,308.34598	11:47 AM
40	PHP	54.39000	54.59000	54.59000	54.39000	11:47 AM
42	NGN	459.78000	460.78000	460.78000	459.78000	11:47 AM
43	KES	123.08200	125.84100	125.84071	123.08171	11:47 AM
44	AMD	368.30800	423.48800	423.48830	368.30827	11:47 AM
45	TWD	30.25600	30.25700	30.25700	30.25600	11:47 AM
46	XAU	1,927.72000	1,928.21000	1,928.21000	1,927.72000	11:47 AM
47	XAG	23.59020	23.61080	23.61080	23.59020	11:47 AM
48	XPT	1,082.51000	1,092.00000	1,092.00000	1,082.51000	11:47 AM
49	XPD	1,705.23000	1,721.11000	1,721.11000	1,705.23000	11:47 AM
2,120	VES	21.67280	21.72710	21.72710	21.67278	11:47 AM

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	41,095.56	40,450.530	40,402.72	-396.000	-0.970	112,883,091.0	6,291,721,773.540	27/01/2023 05:14 PM
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KMIALLSHR	19,767.25	19,501.730	19,468.73	-214.810	-1.090	120,496,953.0	4,752,804,583.750	27/01/2023 05:14 PM
BKTi	9,632.09	9,403.860	9,375.97	-27.930	-0.296	16,105,753.0	917,545,504.970	27/01/2023 05:14 PM
OGTi	11,492.86	11,452.870	11,328.03	-2.110	-0.018	9,664,621.0	1,104,210,833.420	27/01/2023 05:11 PM

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BITCOIN FUTURES	BTC	CME	23,355.0	23,380.0	22,765.0	20.00	27/01/2023 10:00 PM	29/01/2023 11:47 AM
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SUGAR #11 WORLD	SB	ICEFU	20.9	21.0	20.6	0.23	27/01/2023 10:00 PM	29/01/2023 11:47 AM
Silver	Silver	FX	23.6	23.6	23.6	0.01	29/01/2023 01:32 AM	29/01/2023 11:47 AM