Engro Powergen Qadirpur Announces Dividend and Financial Performance for First Nine Months of 2024

Karachi: Engro Powergen Qadirpur Limited has declared an interim cash dividend for the nine months ending September 30, 2024, and disclosed its financial performance, reflecting a robust fiscal outlook. According to information available from the Pakistan Stock Exchange (PSX), the Board of Directors, in their meeting on October 14, 2024, approved these financial results along with a cash dividend payout.

For the period ending September 30, 2024, the company has announced an interim cash dividend of Rs. 2.50 per share, which is an addition to the interim cash dividend already paid at Rs. 3.50 per share earlier in the year. This decision brings the total cash dividend to 35% per share for the shareholders, underscoring the company’s strong financial health and commitment to delivering value to its investors.

The financial details revealed show that Engro Powergen Qadirpur achieved a revenue of 10.44 billion rupees in the nine months of 2024, compared to 10.09 billion rupees in the same period last year. The company’s profit for the year so far stands impressively at 2.45 billion rupees, allowing for a substantial profit distribution among shareholders. These results reflect a steady growth in the company’s operations and financial stability.

Moreover, the company’s share transfer books will be closed from October 28 to October 29, 2024, to facilitate the dividend payment. Shareholders whose names appear in the Register of Members by October 25, 2024, will be eligible for the dividend payout.

Engro Powergen Qadirpur continues to maintain transparency and regular communication with its shareholders, as the financial statements will also be available on their website, providing detailed insights into the company’s operational success and financial strategies over the period.