Karachi, Engro Fertilizers Limited, one of Pakistan's leading fertilizer companies, revealed its un-audited consolidated and standalone financial results for the half-year ended June 30, 2023. The Board of Directors, in their meeting held on July 26, 2023, reviewed and approved the financial results, showcasing robust performance during the period.
Financial Highlights:
Net Sales: Rs. 82,366,176,000
Gross Profit: Rs. 22,199,133,000
Profit Before Taxation: Rs. 13,918,596,000
Profit for the Period: Rs. 5,463,877,000
Earnings per Share (Basic and Diluted): Rs. 4.09
Cash Dividend:
As part of the corporate actions recommended by the Board, Engro Fertilizers Limited will be paying an Interim Cash Dividend for the second quarter ended June 30, 2023, at the rate of Rs. 3.00 per share, amounting to 30% of the share's value. This is in addition to the interim cash dividend already paid at Rs. 3.50 per share, accounting for 35% of the share's value. The total dividend payout underscores the company's commitment to rewarding its shareholders for their support.
Bonus Shares and Other Corporate Actions:
In line with the announcement, the company will not be issuing any Bonus Shares, Rights Shares, or any other entitlements during this period.
Important Dates:
The entitlements declared will be paid to shareholders whose names appear in the Register of Members on August 08, 2023. The Share Transfer Books of the Company will be closed from August 09, 2023, to August 10, 2023, both days inclusive, for the purpose of dividend payment. Transfers received at the office of the Company's share registrar, M/s. FAMCO Associates (Private) Limited, by the close of business on Tuesday, August 08, 2023, will be eligible for the interim cash dividend.
Impressive Performance:
Engro Fertilizers Limited's financial results indicate strong growth and stability despite challenging economic conditions. The company's dedication to quality products and strategic financial management has contributed to its continued success.
The Half Yearly Report for the period ended June 30, 2023, will be transmitted through PUCARS separately and made available on Engro Fertilizers Limited's official website www.engrofertilizers.com.
Investors and stakeholders are optimistic about the company's future prospects and are eagerly looking forward to continued positive financial performance.