Engro Fertilizer Ltd. (EFERT) today announced financial results for the three months period ending 31 March, 2018 reporting Net Sales worth Rs. 18.218 billion. Furthermore, the company’s gross profit during the outgoing three months rose by 108.54 percent to reach 7.330 billion.
EFERT releases on the exchange show stellar performance during the last three months ending March, 2018.
On the expenses front, fertilizer giant’s selling & distribution expenses went up by 28.58 percent, Administrative expenses went up by 17.04 percent as well. Furthermore, company’s other income took a 2.66 percent dip clocking in at 1.144 billion.
Engro Fertilizer management posted profits worth Rs. 3.889 billion up by 137.53 percent from last year’s tally of 1.637 billion translating into an EPS of Rs. 2.91 vs. an EPS of Rs 1.29 during the three months ending March, 2017.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Three Months Ended, March 30th 2018
Key Financials
March, 2018
March, 2017
% Change
Amounts in PKR ‘000
Net Sales
18,218,879
10,063,731
81.04%
Cost of Sales
10,888,006
6,548,422
66.27%
Gross Profit
7,330,873
3,515,309
108.54%
Selling and Distribution Expenses
1,664,762
1,290,700
28.98%
Administrative Expenses
295,946
252,851
17.04%
Other Income
1,144,699
1,176,025
-2.66%
Other Operating Expenses
404,126
207,635
94.63%
Finance Costs
524,048
686,554
-23.67%
Profit before Taxation
5,586,690
2,253,594
147.90%
Taxation
1,697,095
616,080
175.47%
Profit after Taxation
3,889,595
1,637,514
137.53%
EPS – Basic and diluted
2.91
1.23
136.59%
Company release on Earnings Report can be accessed here.
