The topline growth remained at 19% year-on-year in the first quarter of CY15 owing to higher volumetric sales of urea, up 6.8% year-on-year. DESIGN: CREATIVE COMMON
Beating street consensus, Engro Fertilizers – subsidiary of Engro Corporation –posted a net profit of Rs3.05 billion in the first quarter of calendar year 2015 (CY15), up 213% compared to Rs1.43 billion in the same period last year.
Earnings per share (EPS) increased to Rs2.3, compared to an EPS of Rs1.12 in the period under review.
On a sequential basis, the profit after tax of Rs3.05 billion is up 13% quarter-on-quarter compared to the profit of Rs2.69 billion the company posted in the fourth quarter of CY14.
The topline growth remained at 19% year-on-year in the first quarter of CY15 owing to higher volumetric sales of urea, up 6.8% year-on-year.
The gross margins improved by 59 basis points on the back of favourable product pricing.
Published in The Express Tribune, April 25th, 2015.
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