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Home Equity EPQL enjoys 17% rise in net earnings
  • Equity

EPQL enjoys 17% rise in net earnings

By
News Desk
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August 29, 2019

August 29, 2019 (MLN): Engro Powergen Qadirpur Limited has reported earnings of Rs.1.8 billion (EPS: Rs.5.77) for the half year ended June 30, 2019, which is 17% higher when compared with the earnings of same period in previous year.

The increase in earnings has come mainly from decline in administrative expenses by 45% and the cut in finance cost by 34%. In addition, higher taxation has affected the earnings during the period.

Besides, the company announced an interim cash dividend for the half year ended June 30, 2019 at Rs.1.5 per share i.e. 15%.

Profit and loss account for the half year ended June 30, 2019 (Rupees’000)
June, 2019June, 2018% Change
Sales7,233,7286,032,42219.91%
Cost of sales-5,164,271-4,227,25822.17%
Gross profit2,069,4571,805,16414.64%
Administrative expenses-36,219-66,544-45.57%
Other expenses-92,616-40,516128.59%
Other income1,4491,12928.34%
Profit from operations1,942,0711,699,23314.29%
Finance cost-72,022-109,409-34.17%
Profit before taxation1,870,0491,589,82417.63%
Taxation-2,662-1901301.05%
Profit for the period1,867,3871,589,63417.47%
Earnings per share – basic and diluted5.774.9117.52%

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Posted on: 2019-08-29T15:32:00+05:00

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