Engro Corp reports solid 9-month results

Engro Corporation’s revenue from continued operations grew by 12% to Rs. 279 billion, compared to Rs. 250 billion in the same period of 2023.

Consolidated profit after tax (PAT) attributable to shareholders from continued operations stood at Rs. 10.6 billion (EPS: Rs. 19.68), up from Rs. 9.9 billion (EPS: Rs. 18.13) last year. Higher profitability is primarily driven by responsive pricing strategies and cost optimization.

The Company also announced an interim cash dividend of Rs. 5 per share in third quarter. This payout is in addition to the Rs. 19 per share dividend already announced in the first half, bringing the cumulative nine-month dividend to Rs. 24 per share.