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Engro Polymer earns Rs4.93bn

Engro Polymer earns Rs4.93bn

KARACHI: Engro Polymer and Chemicals Ltd (EPCL) announced PAT at Rs4.93bn and EPS at Rs6.22 for the year ended Dec 31, 2018, representing a growth of 141pc over earnings of Rs2.05bn and EPS Rs2.93 last year.

Increase in profit was driven by better volumes, higher realised delta in PVC and favourable rupee parity during the year. Along with the results, the company announced dividend at Rs0.30 per share, taking the full year payout to Rs1.10 per share.

Lucky Cement posts Rs6.14bn PAT: The company reported 1HFY19 consolidated profit after tax (PAT) at Rs6.137 billion and earnings per share (EPS) at Rs17.92.

This represented a plunge of 28.45pc over earnings of Rs8.577bn and EPS Rs24.47 from same period last year.

FFC profit jumps: The FFC declared CY18 PAT at Rs14.44bn (EPS: Rs11.35), up 35pc, from profit of Rs10.71bn (EPS: Rs8.42) last year accompanied by a final cash dividend of Rs3.90, in addition to Rs4.95 already paid.

Published in Dawn, February 1st, 2019

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