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HomeEquityEPQL enjoys 17% rise in net earnings

EPQL enjoys 17% rise in net earnings

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

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

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