KARACHI: Pakistan’s premier conglomerate, Engro Corporation announced its financial results for the second quarter ended June 30, 2021.
Engro delivered a strong operational performance in the first half of 2021 as its consolidated revenue grew by 30 percent from Rs107,163 million in the first half of 2020 to Rs139,319 million in the first half of 2021. The Company recorded a consolidated profit after tax (PAT) of Rs29,111 million compared to Rs15,529 million for the similar period last year. Profit attributable to the owners stood at Rs17,053 million compared to Rs9,059 million for the prior period, resulting in an earnings per share (EPS) of Rs29.60 compared to Rs15.73. The growth in bottom line is primarily attributable to increased profits posted by Engro Fertilizers and Engro Polymer and Chemicals.
On a standalone basis, the Company posted a PAT of Rs9,683 million against Rs4,858 million for the same period last year, translating into an EPS of Rs16.81 per share. The Company announced an interim cash dividend of Rs7 per share for the second quarter.—PR
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