Financial results of Engro Fertilizers Limited for Quarter ended June 30, 2020

Karachi, Engro Fertilizers Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 29, 2020.

 

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended June 30, 2020 which portrayed a profit of Rs. 3,886,076 and Rs. 4,003,399 with earnings per share 2.91 and 3.00 basic and diluted respectively.

 

Further, 40% payment of cash dividend, bonus shares and right shares was agreed.

 

Furthermore, the share transfer books of the company will remain closed from September 10, 2020 to September 16, 2020 (both days inclusive).

Engro Fertilizers Limited is a wholly owned subsidiary of Engro Corporation which incorporated in June 29, 2009 under the Companies ordinance, 1984 in Pakistan. Nitrogenous urea, phosphate & blended fertilizers, and micronutrients are imported, manufactured and sold by the company. Other activities include training and educating the farmers for generating a better yield. The registered office of the company is located in Karachi and the manufacturing facility is located in Daharki. The shares of the company are quoted on Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The product line of the company includes Nitrogenous urea, phosphate & blended fertilizers, and micronutrients. The products of the company include Engro Urea, Engro DAP, Engro Zorawar, Engro Zarkhez and Zingro.

The symbol “EFERT” is being used by the stock exchange for the shares of Engro Fertilizers Limited.