Inside Financial Markets

Engro Corporation (ENGRO) Profit Rises to Rs 9.6bn

Engro Corporation (ENGRO) on Tuesday published a profit-after tax at Rs9.6 billion for the 1st half of 2015 (1HCY15), a growth of 202 percent from Rs3.2bn brought in in the same period a year ago.

engro logo

From the internet gains, Rs8bn against Rs2.7bn yr-on-year was credited to “equity holders of holding company” as well as the staying Rs1.6bn for newest half-term and Rs0.48m in preceding sam e period to “non-controlling interest”.

Expert Tahir Abbas at Arif Habib Ltd remarked that Engro Fertiliser given 72pc to Engro’s profitability and documented 111pc yr-on-year leap in net profits to Rs7.116bn throughout the interval.

The keeping company’s share of net income converted into earnings-per share (eps) at Rs15.3 from Rs5.23 in exactly the same period a year ago. An interim cash dividend was also declared by the panel at Rs4 per-share, as well as an interim dividend previously paid at Rs2 per-share.

Engro Foods sales also rose by 25 year-on-year.

Engro Foods gain increased six-times year-on-year to Rs1.977bn all through 1HCY15 due to enhanced volumetric revenue (25pc dairy farm and 11pc icecream sections). Substance company remained under stress.

Additional earnings fell by 24pc in 2QCY15 to Rs757 million in comparison with Rs998m in precisely the same quarter a year ago. Financing prices decreased by 32pc yr-on-year to Rs2.1bn in 2QCY15 from Rs3.1bn.

Baqar Hussain

A Wannabe CFO, just had stepped in the corporate sector, willing to explore every aspect here and learn as mush as i can, awareness for those who dont, get the info where ever possible and stay up to date always.

The Canadian Securities Institute


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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)