Engro Polymer & Chemicals Announces Solid Quarterly Performance

Karachi, Engro Polymer & Chemicals Ltd., a key player in the chemical sector, reported a steady EPS of Rs. 42.8 for the first quarter of 2024, reflecting consistent operational efficiency. The stock traded at Rs. 45.80 today, slightly lower than the daily average of Rs. 45.88.

Established in 2008, Engro Polymer has announced a dividend of 125% for 2024, down from 60% in the previous year, showcasing confidence in its financial health amid fluctuating market conditions. The turnover surged to Rs. 9,089.23 million, marking a substantial increase that underscores the company's dominant market presence and operational success.