KARACHI: Engro Corporation posted 9MCY18 consolidated profit after tax (PAT) attributable to shareholders at Rs9,949 million, up 44 per cent, from Rs6,916m in the same period last year.

This translates into earnings per share (EPS) of Rs18.99, from Rs13.2 in 9MCY18. Revenue for the period grew 33pc to Rs114,644m over Rs86,431m for similar period last year. In a statement, the company attributed the increase primarily to improved performance of fertilisers and petrochemicals.

On a standalone basis, Engro Corp posted PAT of Rs7,046m from Rs6,502m earned in similar period last year.

The company announced an interim cash dividend of Rs7 per share for the third quarter, taking the cumulative dividend to Rs19.00 per share.

Lotte Chemical profit soars

Lotte Chemical Pakistan recorded 9MCY18 PAT at Rs3,408m (EPS: Rs2.25), soaring by 742pc over PAT of Rs405m (EPS: Rs0.27) in corresponding period last year.

The board declared a cash dividend at Rs1.50 per share. Revenues clocked in at Rs42,140m for 9MFY19, higher 48pc, from Rs28,413m.

Published in Dawn, October 20th, 2018