KARACHI: Engro Fertilisers Ltd posted earnings of Rs6.4 billion in October-December 2022, up 3.8 per cent from a year ago, a stock notice said on Thursday.
The fourth-quarter result took the full-calendar year income to Rs16bn, down 24pc from the preceding 12-month period.
According to Alfalah CLSA Securities Ltd, a tax reversal of Rs0.89bn led to the rise of 53pc in the quarterly earnings on a sequential basis.
Net sales increased 16pc on a year-on-year basis to Rs46.1bn. The company also announced a final cash dividend of Rs5 per share, taking the total to Rs13.50.
Meanwhile, Friesland Campina Engro Pakistan Ltd reported its profit for 2022 clocked in at Rs2.4bn, up 36.6pc. It said the business environment remains challenging amid rising inflation, foreign exchange constraints, devaluation, higher finance cost and the imposition of super tax.
Published in Dawn, February 10th, 2023