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

SLM Tyres Book Building oversubscribed 16.7X, Attracts Rs69.4 Billion of Investors’ Interest!

Service Long March Tyres Limited’s initial public offering (IPO) book building has witnessed historic investor…

47 seconds ago

Kashmir Protesters Challenge Modi’s Image at Norwegian Parliament Visit

Protesters Gather Outside Norwegian Parliament During Indian Prime Minister Narendra Modi's Visit Demonstrators gathered outside…

12 minutes ago

Arsenal Close to EPL Title After Burnley 1-0 Loss

Arsenal edge closer to Premier League title with 1-0 win over Burnley. Kai Havertz scored…

17 minutes ago

Iran Holds Mass Weddings for ‘War Sacrifice’ Volunteers

Iranian officials organized mass public weddings across Tehran for couples who signed up for a…

49 minutes ago

Shehbaz: Operation Ghazab-ul-Haq Unfaltering Amid Quetta Visit, Balochistan Security Meetings

Prime Minister Shehbaz Sharif reaffirmed Pakistan's anti-terror resolve during a visit to Quetta. He chaired…

59 minutes ago

Ramsey Elkholy’s Epstein Link Endures Amid Public Scrutiny, Regret Over Model Recruiting

Former modelling agent Ramsey Elkholy continues under public scrutiny months after expressing regret over his…

1 hour ago