Advertisement
Categories: BusinessNews

ENGRO announces strong results for 1st Quarter 2024

Advertisement

Engro Corporation’s revenue from continued operations grew by 45% to PKR 104.3 bn versus PKR 72.1 bn in 2023, as per Q1 results announced on PSX.

Consolidated PAT of Q1 stood at PKR 10.4 bn (EPS 10.66) versus PKR 8.8 bn in 2023. Higher profitability on account of higher fertilizer sales, improved margins, efficient plant operations, higher earnings from dollar-denominated businesses, and efficiencies derived through cost optimization.

Alongside the results, the Company announced first interim cash dividend of PKR 11/- per share.

Advertisement
Zayn

Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

Recent Posts

Netflix Confirms ‘KPop Demon Hunters’ Sequel on the Way

K-pop fans rejoiced as Maggie Kang and Chris Appelhans, the creators behind the record-breaking animated…

40 minutes ago

Shehbaz Sharif Keeps Petroleum Prices Stable Amid Rising International Oil Costs

Prime Minister Shehbaz Sharif, steadfast in his commitment to alleviating economic burdens from ordinary citizens,…

45 minutes ago

Iran blasts hit pro-government rally; Israel strikes continue

Deadly explosions shook Tehran on Friday during a pro-government rally attended by top officials, marking…

54 minutes ago

Senate Democrats file resolution to curb Trump’s Cuba plans

Washington — The Senate Democratic majority has filed legislation aiming to prevent the U.S. from…

3 hours ago

Nvidia CEO Huang to Unveil Next-Gen AI Breakthroughs at GTC 2026

Nvidia's CEO Jensen Huang is poised to unveil groundbreaking products and strategic partnerships at an…

3 hours ago

14 Million Fentanyl Doses Seized from Mexican Lab

Mexico's government announced Thursday that it had seized over 14 million doses of fentanyl—a significant…

5 hours ago