Engro Powergen takes a breather as profits jump by 36%

MG News | October 16, 2019 at 03:09 PM GMT+05:00

0:00

October 16, 2019 (MLN): Engro Powergen Qadirpur Limited (EPQL) has declared earnings of Rs. 2.6 million (RS. 8.06) in its latest financial results for the nine months ended September 30, 2019. This signifies a growth of nearly 36% over the same period of last year.

A number of factors contributed to the growth in company’s profits, including increase in gross profits by 24%, decline in administrative expense by 32% and finance cost by 58%.

A massive rise in the non-core income also helped in lifting the bottom-line earnings of the company.

Nonetheless, EPQL suffered some setbacks in the form of rise in income tax expense by a substantial margin as well as higher non-core expenses.

Profit and Loss Account for the nine months ended September 30, 2019 (Rupees)
	Sep-19	Sep-18	% Change
Sales	10,835,384	8,406,930	28.89%
Cost of Sales	(8,041,438)	(6,164,260)	30.45%
Gross Profit	2,793,946	2,242,670	24.58%
Administrative Expenses	(60,549)	(89,099)	-32.04%
Other Expenses	(105,888)	(65,830)	60.85%
Other Income	53,721	1,420
Profit from Operations	2,681,230	2,089,161	28.34%
Finance Cost	(68,287)	(165,030)	-58.62%
Profit before Taxation	2,612,943	1,924,131	35.80%
Taxation	(2,662)	(272)	878.68%
Profit for the Period	2,610,281	1,923,859	35.68%
Earnings per share - Basic and Diluted	8.06	5.94	35.69%

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,170.29 229.01M	-3.74% -6682.81
ALLSHR	103,476.64 539.96M	-3.60% -3859.22
KSE30	52,658.79 103.60M	-3.69% -2017.91
KMI30	240,511.29 72.96M	-4.03% -10109.65
KMIALLSHR	65,988.04 237.17M	-3.87% -2659.27
BKTi	51,012.91 49.84M	-3.34% -1760.19
OGTi	33,565.47 12.61M	-4.19% -1466.95

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,350.00	67,665.00 66,880.00	145.00 0.22%
BRENT CRUDE	71.94	72.12 70.19	1.59 2.26%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.10 -3.13%
ROTTERDAM COAL MONTHLY	105.50	0.00 0.00	-1.75 -1.63%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	66.47	66.73 66.31	0.07 0.11%
SUGAR #11 WORLD	13.72	13.85 13.62	-0.04 -0.29%