Karachi: The Board of Directors of Engro Powergen Qadirpur Limited convened on August 01, 2024, to review and approve the unaudited financial results for the half-year ended June 30, 2024. The board recommended a first interim cash dividend of Rs. 3.5 per share, which equates to 35%.

According to information available from the Pakistan Stock Exchange (PSX), the company's financial performance for the period revealed substantial profitability, with earnings per share increasing to Rs. 4.97 from Rs. 3.77 in the previous year. Revenue for the half-year was reported at Rs. 6.59 billion, compared to Rs. 7.08 billion during the same period in 2023. The cost of revenue was slightly lower year-over-year, at Rs. 5.26 billion compared to Rs. 5.71 billion, reflecting improved cost management.

No bonus shares, rights shares, or other entitlements were announced, focusing solely on the cash dividend. The share transfer books will be closed from August 14, 2024, to August 15, 2024, to facilitate the dividend payment. Transfers received by August 13, 2024, will qualify for the dividend.

The financial results, encapsulated in Annexure "A" of the board's announcement, will also be available through the company’s quarterly report and on their website, ensuring transparency and accessibility for all stakeholders.