Karachi February 8 2022: The stock price of Engro Corporation (ENGRO) increased by 3.15 percent or PKR 8.67 on Tuesday and closed at PKR 284.10. The rise in market price is witnessed due to higher pay outs of its subsidiaries Engro Polymer & Chemicals Limited (EPCL) and Engro Powergen Qadirpur Limited (EPQL) earlier today.
Engro Polymer & Chemicals Limited (EPCL) is a subsidiary of ENGRO. ENGRO holds 56.19 percent shares of EPCL. EPCL announced its CY21 financial result today where the company posted a profit after tax (PAT) of PKR 15,061 million (Per Share: PKR 16.57). The earnings are 163 percent higher than last years of PKR 5,730 million (Per Share: 6.30).
EPCL distributed PKR 14,815 million to its shareholders (Per Share: 16.30) during CY21.
Engro Powergen Qadirpur Limited (EPQL) is a subsidiary of ENGRO. ENGRO holds 68.89 percent shares of EPQL through Engro Energy Limited. EPQL announced its CY21 financial result today where the company posted a profit after tax (PAT) of PKR 1,594 million (Per Share: PKR 4.92) compared to PAT of PKR 2,079 million during CY20.
EPQL distributed PKR 2,429 million to its shareholders (Per Share: 7.50) during CY21.
Engro Corporation Limited is a public listed company incorporated in Pakistan. The Company is a subsidiary of Dawood Hercules Corporation Limited (the Parent Company). The principal activity of the Company, is to manage investments in subsidiary companies, associated companies and joint venture, engaged in fertilizers, PVC resin manufacturing and marketing, food, energy, development and operations of telecommunication infrastructure, LNG, chemical terminal and storage businesses.
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