Engro declares a positive performance posts Profit of PKR 6.91 billion

Islamabad, August 19, 2016 (PPI-OT): Engro Corporation announced a profit-after- tax of Rs6.91bn for the first half ended June 30, 2016, representing earnings per share at Rs10.54.

The company’s profits were down 28pc from Rs9.56bn (eps Rs15.28) on a year-on- year basis. The board of directors announced second interim cash dividend of Rs7 per share, taking the first half dividend payout to Rs12 per share.

The decline in earnings for 1H16 was attributed to decline in top line and 4 percentage points increase in effective tax rate. The decrease in top line was due to a weak performance of its fertilizer business.

For more information, contact:
Shamikh Ahmed
Engro Corporation Limited
8th Floor, Harbour Front Building, HC # 3,
Marine Drive, Block 4, Clifton
Karachi, Pakistan
Phone: +92-21-111-211-211
Fax: +92-21-35295948
Cell: +92-302-8275133
Email: sazaidi@engro.com, media.relations@engro.com
Website: www.engro.com