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Engro Polymer and Chemical substances’ Income Triple in 2017

Engro Polymer and Chemical substances Restricted’s (EPCL) consolidated revenue elevated three-fold to Rs. 2.05 billion, up by 211.09% for the yr ending on December 31 2017, as in comparison with a revenue of Rs. 659.93 million within the earlier yr. This revenue is primarily resulting from elevated gross sales.

Board of administrators beneficial a closing money dividend of Rs. zero.80 per share. That is along with the interim money dividend already paid at Rs. zero.45 per share. The brand new entitlement can be paid to shareholders whose title will seem within the register of members on March 22 2018.

Earnings per share elevated to Rs. three.09 within the yr underneath assessment from Rs. zero.99 within the earlier yr.

Firm’s income elevated 21% to Rs. 27.73 billion within the yr, in contrast with Rs. 22.85 billion final yr resulting from increased PVC margins, increased realized costs (USD 1,161/ton, up by 11% YoY) and volumetric progress amid debottlenecking of 17Okay tons.

Monetary value decreased to Rs. 819 million, which was down by 11% as in comparison with final yr’s value of Rs. 919 million.

Value of gross sales rose 14.5% to Rs. 21.66 billion from Rs. 18.91 billion. Finance value lowered to Rs. 820 million from Rs. 920 million.

However, different revenue elevated to Rs. 137 million within the yr underneath assessment from Rs. 21 million within the earlier yr.

EPCL’s share worth elevated 1.82%, or Rs. zero.48, to shut at Rs. 26.88. It was the second-most traded share on Wednesday with 26.three million shares traded.

The agency stays the business chief with 73% market share in Pakistan. Engro Polymer is a subsidiary of Engro Company, concerned within the manufacturing, advertising and distribution of high quality Chlor-Vinyl allied merchandise and PVC underneath model title ‘SABZ’.

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