Pakistan Company News

Financial results of Engro Powergen Qadirpur Limited for Quarter ended March 31, 2023

Karachi, Engro Powergen Qadirpur Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 11, 2023.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2023 which portrayed a profit of Rs. 9,997,138,000 with earnings per share 1.35 basic and diluted respectively.

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

Furthermore, the share transfer books of the company will remain closed from April 25, 2023 to April 26, 2023 (both days inclusive).

Engro Powergen Qadirpur Limited is a public listed company, incorporated in Pakistan. The Company is a subsidiary of Engro Energy Limited, which is a wholly owned subsidiary of Engro Corporation Limited. Engro Corporation Limited is a subsidiary of Dawood Hercules Corporation Limited (the Ultimate Parent Company).

The Company was established with the primary objective to undertake the business of power generation and sale. Engro Energy Limited owns and operates Engro Powergen Qadirpur Limited, a 217 MW combined cycle power plant and the first green facility in Pakistan to utilize permeate gas for reduced carbon emissions. Under this project, a gas turbine of 127 MW (GE) and a steam turbine of 100 MW (GE) have been installed.

The total numbers of shares are 323,800,000. The Earnings per share is 6.42 in 2020 which was 10.51 in 2019. The Profit after Taxation is 2,109,320,000 in 2020 which was 3,402,682,000 in 2019.