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Engro Fertilizer reports 59% increase in half yearly profits

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MLN: Engro Fetilizers Limited conducted their Board of Directors meeting on August 10th 2018 to discuss their financial earnings for the half year ended June 30th 2018.

In the report issued to PSX, the company revealed that as compare to the half year period ended June 30th 2017, their Net Sales went up by 10.4% whereas Gross Profit jumped by 37%

Furthermore, the company’s Other Income dropped by 39% while Finance cost reduced by32%.

Overall Profit for the period increased by 59% and the EFERT reported their Earnings per share to have Increased to Rs.4.88 per share from Rs.3.07 per share

 

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

 

Jun-18

Jun-17

% Change

Net Sales

                     30,141,488

                     27,311,019

10.36%

Cost of Sales

                  (18,190,476)

                  (18,603,290)

-2.22%

Gross Profit

                     11,951,012

                       8,707,729

37.25%

Selling and Distribution Expenses

                     (2,762,551)

                     (3,152,943)

-12.38%

Administrative Expenses

                        (490,340)

                        (441,403)

11.09%

Other Income

                       1,976,290

                       3,274,706

-39.65%

Other Operating Expenses

                        (572,654)

                        (621,610)

-7.88%

Finance Cost

                        (876,561)

                     (1,300,055)

-32.58%

Profit before Taxation

                       9,225,196

                       6,466,424

42.66%

Taxation

                     (2,703,688)

                     (2,364,376)

14.35%

Profit after Taxation

                       6,521,508

                       4,102,048

58.98%

Earnings per share – basic and diluted

                                  4.88

                                  3.07

58.96%

 

Posted on: 2018-08-10T12:13:00+05:00

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