Engro Polymer earns Rs4.93bn

Published February 1, 2019
Increase in profit is driven by better volumes, higher realised delta in PVC and favourable rupee parity.— Photo courtesy of Engro
Increase in profit is driven by better volumes, higher realised delta in PVC and favourable rupee parity.— Photo courtesy of Engro

KARACHI: Engro Polymer and Chemicals Ltd (EPCL) announced PAT at Rs4.93bn and EPS at Rs6.22 for the year ended Dec 31, 2018, representing a growth of 141pc over earnings of Rs2.05bn and EPS Rs2.93 last year.

Increase in profit was driven by better volumes, higher realised delta in PVC and favourable rupee parity during the year. Along with the results, the company announced dividend at Rs0.30 per share, taking the full year payout to Rs1.10 per share.

Lucky Cement posts Rs6.14bn PAT: The company reported 1HFY19 consolidated profit after tax (PAT) at Rs6.137 billion and earnings per share (EPS) at Rs17.92.

This represented a plunge of 28.45pc over earnings of Rs8.577bn and EPS Rs24.47 from same period last year.

FFC profit jumps: The FFC declared CY18 PAT at Rs14.44bn (EPS: Rs11.35), up 35pc, from profit of Rs10.71bn (EPS: Rs8.42) last year accompanied by a final cash dividend of Rs3.90, in addition to Rs4.95 already paid.

Published in Dawn, February 1st, 2019

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Predatory taxation

Predatory taxation

Without fundamental rethink and reset, Pakistan’s catastrophic tax regime will drive the country's already shrinking formal sector towards extinction.

Editorial

Victim complex
Updated 20 Mar, 2025

Victim complex

If New Delhi is sincere about bringing peace to South Asia, let it agree to an unconditional dialogue with Islamabad about all irritants.
LSM decline
20 Mar, 2025

LSM decline

THE slump in large-scale manufacturing amidst the adjustments the economy is forced to make in order to stay afloat...
Education interrupted
20 Mar, 2025

Education interrupted

THE sudden closure of major universities in Balochistan, ostensibly due to ‘security concerns’, marks another...
Genocide resumes
Updated 19 Mar, 2025

Genocide resumes

It appears that Palestinian people will again be left defenceless in the face of merciless brutality.
Strength in unity
19 Mar, 2025

Strength in unity

WILL it count as an opportunity lost? Given the sharp escalation in militant violence in recent weeks, some had ...
NFC weightage
19 Mar, 2025

NFC weightage

THE NFC Award has long been in need of an overhaul. The government’s proposal to bring down the weightage of...