Karachi, In a virtual meeting held on August 16, 2023, the Board of Directors of Engro Corporation Limited reviewed and greenlit the un-audited standalone and consolidated financial results for the first half of 2023, culminating on June 30. The company also declared a 20% interim cash dividend for the second quarter, following a prior dividend of 400% at Rs. 40.00 per share. The announcement also revealed no plans for Bonus or Right Shares issuance. The designated recipients of this entitlement are shareholders whose names will be enlisted in the Register of Members by August 28, 2023. Consequently, the Share Transfer Books will remain inaccessible from August 29 to August 30, 2023.

Financial Overview:

For the half-year ending June 30, 2023, Engro Corporation Limited exhibited robust financial performance. While specific figures were not provided in the provided information, the company's earnings per share (EPS) stood at Rs. 6.35 for the second quarter, and Rs. 17.09 for the cumulative half-year period.

This announcement follows the payout of a final cash dividend of Rs. 1.00 per share for the fiscal year concluded on December 31, 2022, amounting to (546,244). Additionally, the company had issued the first interim cash dividend for the year ending December 31, 2023, at Rs. 40.00 per share, totalling (21,465,059). Furthermore, the company invested in purchasing its own shares for cancellation, amounting to (11,629,302), which eventually led to a profit available for appropriation of Rs. 44,710,823 for the given period.

Despite the absence of detailed financial figures, the company's progressive dividend policies and strong earnings indicate its commitment to delivering value to shareholders and maintaining its financial stability.