Engro Powergen takes a breather as profits jump by 36%
MG News | October 16, 2019 at 03:09 PM GMT+05:00
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
_20260718084208095_39c9d2.jpeg?width=280&height=140&format=Webp)
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 175,719.13 211.21M | -0.05% -83.66 |
| ALLSHR | 106,331.85 421.05M | -0.22% -236.44 |
| KSE30 | 52,533.47 61.73M | 0.07% 35.79 |
| KMI30 | 247,456.78 90.98M | 0.05% 133.41 |
| KMIALLSHR | 68,165.08 285.14M | -0.22% -150.18 |
| BKTi | 50,053.93 17.68M | 0.24% 117.82 |
| OGTi | 34,800.32 5.58M | 0.12% 42.30 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 64,350.00 | 65,235.00 63,820.00 | 80.00 0.12% |
| BRENT CRUDE | 88.58 | 91.42 88.51 | 0.48 0.54% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -1.25 -1.17% |
| ROTTERDAM COAL MONTHLY | 119.80 | 0.00 0.00 | 0.10 0.08% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 81.83 | 84.60 81.76 | 0.05 0.06% |
| SUGAR #11 WORLD | 14.82 | 14.94 14.74 | -0.01 -0.07% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|