Engro Fertilizers’ profits plummet by 86% due to lower Urea and Dap volumes

09:41
April 20, 2020
MG

April 20, 2020 (MLN): Engro Fertilizers Limited announced its financial results for the quarter ended March 31, 2020 today, as per which, it has earned profits of Rs. 570.7 million (EPS: Rs. 0.43) which is around 86% lower than the earnings of the same period last year.

The profits of the company fell on the back of lower volumes for Urea and DAP due to differential in prices of two big players, according to Taurus Securities.

The company’s non-core income also declined by 74% due to the presence of one time gain on disposal of property to EPCL.

On the other hand, the finance cost surged by 52% on account of higher running finance requirement.

Consolidated Financial Results for the quarter ended March 31, 2020 (Rupees'000)
	Mar-20	Mar-19	% Change
Net sales	10,791,539	23,652,452	-54.37%
Cost of sales	-7,156,467	-16,053,421	-55.42%
Gross profit	3,635,072	7,599,031	-52.16%
Selling and distribution expenses	-1,056,192	-1,635,779	-35.43%
Administrative expenses	-358,337	-281,612	27.24%
Other income	261,213	1,011,629	-74.18%
Other operating expenses	-148,228	-406,017	-63.49%
Finance cost	-1,211,917	-798,966	51.69%
Profit before taxation	1,121,611	5,488,286	-79.56%
Taxation	-550,847	-1,481,471	-62.82%
Profit for the period	570,764	4,006,815	-85.76%
Earnings per share – basic and diluted	0.43	3.00	-85.67%

Copyright Mettis Link News

Posted on: 2020-04-20T14:41:00+05:00

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.40000	278.60000	278.60000	278.40000	03:02 PM
2	EUR	1.07072	1.07075	1.07075	1.07072	12:31 AM
3	GBP	1.24650	1.24659	1.24659	1.24650	12:31 AM
4	CHF	0.91440	0.91480	0.91480	0.91440	12:31 AM
5	JPY	155.47300	155.47900	155.47900	155.47300	12:31 AM
6	CAD	1.36920	1.36933	1.36933	1.36920	12:31 AM
7	AUD	0.65030	0.65070	0.65070	0.65030	12:31 AM
8	INR	83.37530	83.37700	83.37700	83.37530	12:31 AM
9	SAR	3.75060	3.75090	3.75090	3.75060	09:31 AM
10	AED	3.67280	3.67300	3.67300	3.67280	09:30 AM
11	HKD	7.82850	7.82860	7.82860	7.82850	12:31 AM
12	CNH	7.26650	7.26664	7.26664	7.26650	12:31 AM
13	CNY	7.24680	7.24690	7.24690	7.24680	08:44 AM
14	THB	37.10600	37.12000	37.12000	37.10600	12:31 AM
15	MYR	4.78100	4.78600	4.78600	4.78100	10:26 PM
16	IDR	16,205.50000	16,210.60000	16,210.60000	16,205.50000	12:30 AM
17	SGD	1.36040	1.36140	1.36140	1.36040	12:31 AM
18	NZD	0.59403	0.59414	0.59414	0.59403	12:31 AM
19	MXN	17.08130	17.08630	17.08627	17.08127	12:31 AM
20	TRY	32.57620	32.58620	32.58620	32.57620	12:31 AM
21	SEK	10.86730	10.87630	10.87630	10.86730	12:31 AM
22	ZAR	19.20910	19.23910	19.23910	19.20910	12:31 AM
23	NOK	10.97520	10.98250	10.98246	10.97521	12:31 AM
24	DKK	6.96550	6.96650	6.96650	6.96550	12:31 AM
25	ARS	873.25800	873.26600	873.26640	873.25800	12:31 AM
26	BDT	107.91000	111.27300	111.27305	107.90964	09:00 PM
27	BHD	0.37701	0.37705	0.37705	0.37701	09:31 AM
28	BRL	5.14590	5.14890	5.14890	5.14590	12:29 AM
29	KRW	1,376.77000	1,376.90000	1,376.90000	1,376.77000	12:31 AM
30	KWD	0.30795	0.30805	0.30805	0.30795	09:31 AM
31	LKR	294.62300	301.16300	301.16317	294.62325	09:00 PM
32	OMR	0.38499	0.38504	0.38504	0.38499	09:31 AM
33	QAR	3.64600	3.64900	3.64900	3.64600	09:31 PM
34	RUB	92.27000	94.07000	94.07000	92.27000	08:00 PM
35	AFN	71.18230	73.05090	73.05087	71.18232	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:44 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	15.25000	15.65000	15.65000	15.25000	08:00 PM
39	UZS	12,655.90000	12,721.30000	12,721.32679	12,655.92151	09:00 PM
40	PHP	57.87400	57.89700	57.89700	57.87400	12:30 AM
42	NGN	1,253.53000	1,254.53000	1,254.53000	1,253.53000	08:25 PM
43	KES	133.50000	135.50000	135.50000	133.50000	08:25 PM
44	AMD	361.47400	417.53100	417.53088	361.47392	09:00 PM
45	TWD	32.57150	32.60150	32.60150	32.57150	12:31 AM
46	XAU	2,312.96000	2,313.31000	2,313.31000	2,312.96000	12:31 AM
47	XAG	27.06820	27.07810	27.07810	27.06820	12:31 AM
48	XPT	897.25000	906.75000	903.95000	901.65000	09:30 AM
49	XPD	992.48000	998.13000	998.13000	992.48000	09:31 AM
2,120	VES	36.29670	36.38780	36.38776	36.29673	08:00 PM
2,212	UGX	3,765.16000	3,849.24000	3,849.24417	3,765.15873	09:00 PM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	08:25 PM

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Name	High	Current	Low	Change	% Change	Volume	Value	Direction	DateTime
KSE100	72,554.42	72,419.387	72,254.38	367.495	0.510	40,296,665.0	1,320,931,139.760	-1	25/04/2024 09:42 AM
ALLSHR	47,464.49	47,400.483	47,303.18	227.666	0.483	94,169,907.0	2,186,387,190.310	-1	25/04/2024 09:42 AM
KSE30	23,892.50	23,834.270	23,788.58	26.452	0.111	9,374,231.0	776,823,499.270	-1	25/04/2024 09:42 AM
KMI30	122,036.66	121,743.712	121,280.92	581.254	0.480	14,424,039.0	813,345,558.940	-1	25/04/2024 09:42 AM
KMIALLSHR	33,878.19	33,820.041	33,748.77	163.521	0.486	54,921,452.0	1,798,710,357.530	-1	25/04/2024 09:42 AM
BKTi	17,839.67	17,785.925	17,776.83	-102.684	-0.574	1,532,019.0	164,077,386.770	-1	25/04/2024 09:42 AM
OGTi	17,026.85	16,988.005	16,985.35	31.432	0.185	207,428.0	27,685,035.780	1	25/04/2024 09:42 AM

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,075.0	64,650.0	63,735.0	195.00
BRENT CRUDE	EB	88.1	88.2	87.8	0.09
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-2.40
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	1.10
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	82.9	82.9	82.6	0.07
SUGAR #11 WORLD	SB	19.6	19.8	19.5	-0.02

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