Engro Fertilizer announced Financial Results for the half year ended June 30, 2017.
The company’s Net Sales for the period increased by 23 percent in the outgoing period, whereas the Profit after Taxation for the Period increased by 47 percent.
The board has recommended a cash dividend of Rs2.50/- per share i.e. 25%, no bonus shares or right shares for the period.
Comparison of Key Financials
Financial Results – For the half year ended |
|||
Key Financials |
June, 30 2017 |
June 30, 2016 |
% Change |
Net Sales |
27,311,019 |
22,259,044 |
23% |
Cost of Sales |
18,603,290 |
15,670,500 |
19% |
Gross Profit |
8,707,729 |
6,588,544 |
32% |
Selling and Distribution Expenses |
3,152,943 |
1,780,571 |
77% |
Administrative Expenses |
441,403 |
4,391,319 |
-90% |
Other Income |
3,274,706 |
2,067,028 |
58% |
Other Operating Expenses |
621,610 |
419,805 |
48% |
Finance Cost |
1,300,055 |
1,563,542 |
-17% |
Profit before Taxation |
6,466,424 |
4,475,000 |
45% |
Taxation |
2,364,376 |
1,681,659 |
41% |
Profit for the Period |
4,102,048 |
2,793,341 |
47% |
Un-appropriated profit brought forward |
25,172,422 |
26,129,716 |
-4% |
Final Cash Dividend for the year ended December 31, 2015 @ Rs. 3.00 per share |
– |
(3,991,797) |
|
Final Cash Dividend for the year ended December 31, 2016 @ Rs. 2.50 per share |
(3,338,251) |
– |
|
Profit Available for appropriation |
25,936,219 |
24,930,260 |
4% |
Earnings per share – basic |
3.07 |
2.10 |
46% |
Earnings per share – diluted |
3.07 |
2.04 |
50% |
The complete statements can be accessed here.