Karachi: Engro Powergen Qadirpur Limited has disclosed a decrease in its earnings per share (EPS) for the fiscal year 2024, reporting PKR 6.61 per share compared to PKR 7.76 per share in the previous year. The company's total revenue for 2024 remained relatively stable at PKR 13,250 million, slightly down from PKR 13,256 million last year.

The financial results, released on October 20, 2024, showed a profit after tax of PKR 2,141 million, marking a decline from the PKR 2,511 million recorded in 2023. These figures reflect the company's ongoing efforts to navigate a challenging economic environment while maintaining its operational performance.

According to information available from the Pakistan Stock Exchange (PSX), Engro Powergen's total receivables position saw fluctuations over the reported periods. Starting at PKR 12,859 million in Q1 2023, the receivables decreased to PKR 12,271 million by Q2 2023 and further to PKR 10,997 million in Q3 2023. The year-end figure for 2023 was PKR 10,527 million. In 2024, the receivables continued to decline, with Q1 showing PKR 11,242 million, Q2 at PKR 10,541 million, Q3 at PKR 10,578 million, and Q4 concluding at PKR 9,468 million.

The designated market category for Engro Powergen Qadirpur Limited remains unchanged as the company focuses on its core competencies within the energy sector. The performance indicators highlight the firm's financial management and strategic adjustments in response to market conditions, ensuring continued stability and resilience in its operations.