Engro Corp reports solid 9-month results

Karachi: Engro Corporation’s revenue from ongoing operations increased by 12% to Rs. 279 billion, up from Rs. 250 billion during the same period in 2023. The consolidated profit after tax (PAT) attributable to shareholders from ongoing operations was Rs. 10.6 billion (EPS: Rs. 19.68), compared to Rs. 9.9 billion (EPS: Rs. 18.13) last year. This rise in profitability is mainly attributed to effective pricing strategies and cost management.

The Company also declared an interim cash dividend of Rs. 5 per share for the third quarter. This distribution is in addition to the Rs. 19 per share dividend previously announced in the first half, bringing the total dividend over nine months to Rs. 24 per share.