Engro Announces 2nd Interim Cash Dividend Of Rs. 7 Per Share
Fakhir Rizvi Published August 19, 2016 | 06:32 PM
KARACHI, (UrduPoint / Pakistan Point News - 19th August, 2016) : The Engro Corporation has announced second interim cash dividend of Rs. seven per share. In a statement here on Friday, Engro declared a positive performance posts Profit of PKR 6.91 bn. "Engro Corporation announced a profit-after-tax of Rs 6.91 bn for the first half ended June 30, 2016, representing earnings per share at Rs 10.54", the statement said.
The company's profits were down 28pc from Rs 9.56bn (eps Rs15.28) on a year-on-year basis. The board of directors announced second interim cash dividend of Rs7 per share, taking the first half dividend payout to Rs 12 per share. The decline in earnings for 1H16 was attributed to decline in top line and 4 percentage points increase in effective tax rate.
The decrease in top line was due to a weak performance of its fertiliser business, the statement further pointed out.
Related Topics
Recent Stories
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
Iranians appear unfazed by Isfahan blasts
UAF celebrates Int'l Chinese Language Day
More Stories From Pakistan
-
NHA restores most roads across the country after heavy rains
2 hours ago -
Three bike lifter gang held, five stolen motorbikes recovered
2 hours ago -
Arandu's roads closed due to flooding
4 hours ago -
Oil tanker catches fire in Islamabad’s Blue Area
4 hours ago -
Pakistan committed to ensure safety of foreign nationals: FO
4 hours ago -
Four passengers injured as train hit an empty vehicle
4 hours ago
-
Over- speeding bus crushed to death two bike riders
4 hours ago -
UAF celebrates Int'l Chinese Language Day
4 hours ago -
Flooding on Chitral-Peshawar Highway strands travelers
4 hours ago -
Bilawal Bhutto demands govt to hold tripartite dialogue to curb terrorism
4 hours ago -
Punjab ombudsman facilitates over 1.36 crore payment to victims
4 hours ago -
Leghari seeks KP Govt’s cooperation in anti-power theft campaign
4 hours ago