Engro records Rs 3.3813bn profit in 1H 2011
KARACHI: The Board of Directors of Engro Corporation Limited has announced a profit after tax of Rs 3.381 billion for the six months ended, June 30, 2011.
Engro Corp’s consolidated revenue recorded an increase of 37 percent and stood at Rs 46.1 billion for the first half of 2011 as compared to Rs 33.7 billion in the same period last year. The company announced an EPS of Rs 8.43 (basic) for the 1H 2011.
In the first half of 2011, the fertilizer business produced 592,000 tonnes of urea, with sales of 575,000 tonnes. The company maintained a 21 percent share of the fertilizer market as compared to 16 percent in 1H 2010. The business made a profit of Rs 2,175 million for the six months ended June 30, 2011, an 8 percent growth over the profit of Rs 2,012 million for the same period last year.