EPCL’s net profit declines by 82% in 1QCY20

News Image

MG News | April 15, 2020 at 04:52 PM GMT+05:00

0:00

April 15, 2020 (MLN): Engro Polymer and Chemicals Limited has declared the financial results for the first quarter ended March 31, 2020, which shows a profit after tax figure of Rs. 192.8 million (EPS: Rs. 0.21) i.e. 82% lower than the PAT of the same period last year.

According to a research report by BIPL Securities, the profits declined on the back of a fall in revenue by 24%, which was partially caused by the plant closure. higher fuel charges and a 1.8x increase in finance cost also dented the profitability of the company.

A decline in demand from the construction as well as the textile sector also took a toll on the company’s performance.

Consolidated Profit and Loss Account for the Quarter ended March 31, 2020 ('000 Rupees)

 

2020

2019

% Change

Net revenue

7,057,942

9,343,634

-24.46%

Cost of sales

(5,806,680)

(7,428,573)

-21.83%

Gross profit

1,251,262

1,915,061

-34.66%

Distribution and marketing expenses

(72,325)

(93,489)

-22.64%

Administrative expenses

(113,924)

(119,375)

-4.57%

Other operating expenses

(538,283)

(124,665)

331.78%

Other income

445,509

212,456

109.69%

Operating profit

972,239

1,789,988

-45.68%

Finance cost

(767,660)

(268,364)

186.05%

Profit before taxation

204,579

1,521,624

-86.56%

Taxation

(11,739)

(427,466)

-97.25%

Profit for the period

192,840

1,094,158

-82.38%

Earnings per share - basic and diluted (Rupees)

0.21

1.20

-82.50%

 

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 134,656.31
135.52M
0.65%
873.96
ALLSHR 84,165.20
332.93M
0.66%
549.39
KSE30 40,879.47
68.33M
0.49%
197.69
KMI30 193,350.34
59.00M
0.89%
1709.46
KMIALLSHR 56,253.72
169.09M
0.65%
362.22
BKTi 36,912.91
5.70M
-0.20%
-75.77
OGTi 28,316.29
2.10M
0.48%
134.79
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,750.00 118,905.00
115,635.00
4880.00
4.29%
BRENT CRUDE 68.89 69.16
68.65
0.25
0.36%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.00
1.04%
ROTTERDAM COAL MONTHLY 108.60 110.00
108.60
0.85
0.79%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.88 67.13
66.64
0.31
0.47%
SUGAR #11 WORLD 16.26 16.56
16.22
-0.30
-1.81%

Chart of the Day


Latest News
July 11, 2025 at 10:38 AM GMT+05:00

Pakistan sees record 96% PSDP utilization


July 11, 2025 at 09:46 AM GMT+05:00

NBP issues foreign exchange rates


July 10, 2025 at 07:25 PM GMT+05:00

SBP reserves rise to $14.5bn in a week



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg