Advertisement
Categories: BusinessNewsPakistan

Engro Corp reports solid 9-month results

Advertisement

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.

Advertisement
News Desk

Recent Posts

Your Guide to Safe Rides and Deliveries with inDrive

Taking a ride or sending a package shouldn’t come with second guesses. That’s why inDrive,…

5 days ago

Irfan Junejo to Represent Pakistan as Begin Partners with LaLiga for Exclusive FC Barcelona Interviews

First-ever official representation from Pakistan at FC Barcelona’s base camp marks a new chapter in…

1 week ago

Dowry: A Deadly Tradition That Must End

A young bride from Gujranwala has become the latest victim of a cruel and deep-rooted…

2 weeks ago

Begin Secures Global Streaming Rights for Pakistan Idol

Begin, the UAE-based OTT platform, has acquired the global streaming rights for Pakistan Idol, one…

2 weeks ago

Remembering Shaheed Hakim Mohammed Said

Members of the Hamdard Shura Karachi chapter and young speakers of the Hamdard Naunehal Assembly…

3 weeks ago

Farhan Ghani Arrested Over Alleged Assault on Government Servent, FIR registered

Pakistan Peoples Party (PPP) local leader and Chanesar Town Chairman Farhan Ghani has been arrested…

2 months ago