Engro Corporation Posts Record Dividends as Profits Surge

Karachi, Demonstrating exceptional financial performance, Engro Corporation Limited (ENGRO) announced unprecedented dividends for the fiscal period ending February 2024. The conglomerate, with a paid-up capital of Rs. 5,366.27 million, declared a 340% dividend, further supplemented by a 480% special dividend, underlining a robust Earnings Per Share (EPS) of Rs. 36.79. The daily weighted average stock rate was observed at Rs. 357.36, reflecting the market’s positive reception to the company’s financial achievements and strategic direction.