ENGRO just announced their 2QCY23 results, posting a consolidated EPS of PkR11.03/sh vs. LPS of PkR0.97/sh in the SPLY. On a YoY basis, the company posted a 17.98% increase in revenue, due to higher top lines posted by all group entities. Total 1HCY23 EPS came in at PkR19.12/sh (↑48.56%YoY). Further, the company has announced a PkR2.0/sh dividend for 2QCY23, taking total 1HCY23 payout to PkR42.0/sh: Revenues increased due to higher top lines posted by EPQL (↑9.46%/28.78% QoQ/YoY), EPCL (↑5.92...
Engro Corporation (ENGRO) announced 3QCY22 consolidated NPAT of PKR8.2bn (EPS: PKR13.91) as compared with PKR6.1bn (EPS: PKR10.62) in SPLY, up 31% YoY. Higher other income and lower expenses majorly contributed to the jump in earnings. The result announcement was accompanied by a surprise interim cash dividend of PKR10.0/sh, which is in addition to PKR23.0/sh announced in 1HCY22. KEY RESULT HIGHLIGHTS FOR 3QCY22: * Despite the decline in revenue in the Fertilizer and Chemical businesses, ENG...
AKD Daily Technicals KSE-100: Faces a bullish session The index opened on a positive note and remained volatile throughout the last trading session. The local bourse posted an intraday high of 435pts, a low of 218pts and concluded with a gain of 301pts to settle at 43,027pts level. Currently the MACD is bearish since it is trading below its signal line. The MACD crossed below its signal line 11 trading sessions ago. Since the MACD crossed its moving average, the local bourse has decreased 6....
Engro Corporation (ENGRO) announced 2QCY21 consolidated NPAT of PKR8.72bn (EPS: PKR15.13) as compared with PKR5.74bn (EPS: PKR9.96) in SPLY, up 52% yoy and 5% qoq. The strong earnings growth of EFERT, EPCL and contribution from SECMC and Thar power plant (660MW) are majorly attributed. The result announcement was accompanied by an interim cash dividend of PKR7.0/sh, in addition to PKR12.0/sh announced in 1Q. KEY RESULT HIGHLIGHTS FOR 2QCY21: * Despite the decline in revenue of the Fertilizer...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....