The profit after tax of Engro Fertilizers Limited (EFL) has increased to Rs 7.149 billion in the half year period ended June 30, 2018 as compared to Rs 4.116 billion earned in the corresponding period in 2017. The company's earning per share surged to Rs 5.35 in the period under review against Rs 3.08 in the same period last year.
The board of directors of the company in its meeting held here on Friday recommended interim cash dividend for the half year at Rs 4.0 per share i.e. 40 percent. According to the financial results sent to Pakistan Stock Exchange, the company's net sales increased to Rs 41.116 billion in the first half of 2018 against Rs 27.311 in the same period last year while cost of sales surged to Rs 27.096 billion against Rs 18.542 billion.
The company's profit before tax increased to Rs 10.431 billion in the six month period against Rs 6.480 billion in the same period last year.
On quarterly basis, the company's profit after tax increased to Rs 3.259 billion translating earning per share of Rs 2.44 in the quarter ended June 30, 2018 as compared to PAT of Rs 2.478 billion with EPS of Rs 1.85 in the same quarter in 2017.