KARACHI: Engro Corp has posted 97 per cent growth in its profits as the company earned about Rs14 billion in the calendar year ended December 31, 2015.
According to an official notification sent to the Pakistan Stock Exchange, Pakistan’s largest private sector conglomerate reported an after-tax profit of Rs13.8 billion or Rs26.32 per share during the year under review, up 97% when compared with Rs7 billion or Rs13.59 per share of the corresponding period of 2014.
Along with the results, which analysts said were in line with market consensus, the company announced a final cash dividend of Rs7 per share, taking the total pay-out for the year to Rs18 per share.
Following the results, the stock appreciated by Rs4.51 or 1.68% compared with Rs266.91 of the previous day and traded at Rs271.42 per share at the close of market on Thursday with 3,768,800 shares traded during the day.
