KARACHI: Engro Fertilisers Limited has posted profit-after-tax (PAT) at Rs8.20 billion for the year ended Dec 31, 2014 with earnings per share (eps) at Rs6.29 and with earning growth of 35 per cent over PAT at Rs5.49 billion and eps at Rs4.66 in the previous year.
The results beat analysts’ expectations and the board surprised the market with the declaration of dividend at Rs3 per share against the street consensus of Rs1 to Rs1.50 per share.
Finance costs decreased 30pc YoY to Rs6.62bn from Rs9.92bn YoY, on account of early repayments and lower interest rates and improvement of 26pc QoQ in profitability on the back of wheat sowing Rabi season. In 4QCY14, the company reported PAT at Rs2.69bn and eps at Rs2.05, up 26pc QoQ against Rs2.14bn and eps at Rs1.62 QoQ.
