EPQL enjoys 17% rise in net earnings

MG News | August 29, 2019 at 03:32 PM GMT+05:00

0:00

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, 2019	June, 2018	% Change
Sales	7,233,728	6,032,422	19.91%
Cost of sales	-5,164,271	-4,227,258	22.17%
Gross profit	2,069,457	1,805,164	14.64%
Administrative expenses	-36,219	-66,544	-45.57%
Other expenses	-92,616	-40,516	128.59%
Other income	1,449	1,129	28.34%
Profit from operations	1,942,071	1,699,233	14.29%
Finance cost	-72,022	-109,409	-34.17%
Profit before taxation	1,870,049	1,589,824	17.63%
Taxation	-2,662	-190	1301.05%
Profit for the period	1,867,387	1,589,634	17.47%
Earnings per share - basic and diluted	5.77	4.91	17.52%

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,304.13 424.61M	-0.78% -1286.28
ALLSHR	99,380.97 1,038.42M	-0.94% -946.44
KSE30	49,842.51 138.16M	-0.73% -367.30
KMI30	238,104.17 78.33M	-0.14% -327.97
KMIALLSHR	65,590.95 485.77M	-0.66% -435.42
BKTi	45,705.29 72.87M	-2.08% -972.73
OGTi	32,671.23 13.00M	-0.23% -74.93

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,990.00	0.00 0.00	250.00 0.23%
BRENT CRUDE	65.69	66.78 65.41	-0.30 -0.45%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.05 -1.29%
ROTTERDAM COAL MONTHLY	92.60	0.00 0.00	0.10 0.11%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.44	0.00 0.00	-0.06 -0.10%
SUGAR #11 WORLD	14.97	15.34 14.93	-0.32 -2.09%