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Monday, September 21st, 2020

Engro Corporation Limited’s financial results for the 2nd quarter and half year ended June 30, 2011 consolidated and stand alone

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Karachi: The unaudited consolidated financial results of the Company for the Second Quarter and half year ended June 30, 2011 are as follows:

(Amounts in thousands except for earnings / (loss) per share)

 

Quarter ended

Half year ended

June 30,

June 30,

June 30,

June 30,

2011

2010

2011

2010

Rupees

Net sales 7,220,866 4,788,428 13,651,644 9,529,338
Cost of sales (5,705,657) (3,827,989) (10,729,693) (7,527,427)
———- ———- ———- ———-
Gross profit 1,515,209 960,439 2,921,951 2,001,911
Distribution and marketing expenses (881,103) (914,146) (1,701,724) (1,737,889)
Administrative expenses (173,738) (106,999) (352,729) (202,274)
Other operating expenses  (8,888) (30,685) (54,293) (46,529)
Other operating income 19,184 3,825 43,519 14,539
———- ———- ———- ———-
Operating profit 470,664 (87,566) 856,724 29,758
Finance costs (317,203) (169,263) (521,813) (307,077)
———- ———- ———- ———-
Profit / (Loss) before taxation 153,461 (256,829) 334,911 (277,319)
Taxation (54,211) 91,400 (118,401) 97,250
———- ———- ———- ———-
Profit / (Loss) for the period  99,250 (165,429)  216,510 (180,069)
Less: Profit / (loss) attributable to minority interest 21 (827) 21 (827)
Profit attributable to equity holders of Holding Company 90,229 (164,602) 216,489 (179,242)
 ———- ———- ———-  ———-
Earnings per share – basic and diluted 0.14  (0.30) 0.30  (0.33)

 

The stand alone financial results of the Company for the second quarter and half year ended June 30, 2011 are as follows:

(Amounts in thousands except for earnings / (loss) per share)

 

Quarter ended

Half year ended

June 30,

June 30,

June 30,

June 30,

2011

2010

2011

2010

Rupees

Net sales 7,081,088 4,788,428 13,443,612 9,529,338
Cost of sales (5,636,893)  (3,827,989)  (10,621,716)  (7,527,427)
———- ———- ———- ———-
Gross profit 1,444,195 960,439 2,821,896 2,001,911
Distribution and marketing expenses  (881,103)  (914,146)  (1,701,724)  (1,737,889)
Administrative expenses  (124,821)  (110,775)  (279,884)  (202,274)
Other operating expenses  (8,210)  (25,387)  (53,538)  (41,231)
Other operating income 16,465 3,447 35,595 14,161
———- ———- ———- ———-
Operating profit 446,526  (86,422) 822,345 34,678
Finance costs  (295,176)  (169,238)  (490,595)  (307,052)
———- ———- ———- ———-
Profit / (Loss) before taxation 151,350  (255,660) 331,750  (272,374)
Taxation  (52,168) 89,212  (115,308) 95,062
———- ———- ———- ———-
Profit / (Loss) for the period 99,182  (166,448) 216,442  (177,312)
———- ———- ———- ———-
Earnings / (Loss) per share – basic And diluted 0.14  (0.31) 0.30  (0.33)
———- ———- ———- ———-
Add: Accumulated loss brought forward (1,758,664)  (2,062,410)  (1,875,24)  (2,051,546)
———- ———- ———- ———-
Accumulated loss (1,659,482)  (2,228,858)  (1,659,482)  (2,228,858)

 

For more information, contact:
Imran Anwer
CFO and Company Secretary
Engro Corporation Limited
8th Floor, The Harbor Front Building. HC-3,
Marine Drive, Block 4, Clifton,
Karachi 75600, Pakistan.
Tel: +92 (21) 35296000
Fax: +92 (21) 35295961 2
Website: www.engro.com

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