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	182,338.12 413.82M	-3.21% -6042.27
ALLSHR	109,608.81 925.54M	-2.68% -3023.77
KSE30	55,927.16 188.62M	-3.63% -2105.04
KMI30	257,527.86 176.88M	-3.62% -9670.01
KMIALLSHR	70,368.23 498.17M	-2.91% -2107.89
BKTi	52,696.85 52.05M	-1.97% -1060.46
OGTi	38,102.05 26.10M	-3.04% -1193.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,325.00	84,945.00 84,325.00	270.00 0.32%
BRENT CRUDE	69.45	69.69 69.35	1.05 1.54%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.35 -2.64%
ROTTERDAM COAL MONTHLY	98.80	98.80 98.80	0.10 0.10%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	65.24	65.87 64.10	-0.18 -0.28%
SUGAR #11 WORLD	14.71	14.81 14.61	0.00 0.00%