Engro Fertilizers Ltd. 3M profits rise 137.53 percent to Rs. 3.889 billion

By MG News | April 20, 2018 at 01:11 PM GMT+05:00

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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 30^th 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.

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