Engro Fertilizer reports 59% increase in half yearly profits

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%