Engro to invest PKR 21.5 billion in Telecom Infrastructure vertical telecompaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telecompaper.com Daily Mail and Mail on Sunday newspapers.
KARACHI: Engro Corporation on Wednesday said it was raising its total equity investment in vertical telecom infrastructure to Rs21.5 billion, with a focus on its built-to-suit cellular tower.
PSO posts Rs29.55bln profit for FY21 with EPS at Rs62.63 thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Business
April 23, 2021
KARACHI: Engro Corporation profit jumped 148 percent to Rs14.77 billion translating into earnings per share (EPS) of Rs14.47 for the quarter ended March 31, 2021, as against profit of Rs5.94 billion and EPS of Rs5.76 in the same period last year.
The company also declared interim cash dividend of Rs12/share along with corporate results.
Engro’s consolidated revenue grew by 58 percent from Rs44.977 billion during Q1 2020 to Rs70.866 billion in Q1 2021.
Domestic market witnessed strong agricultural sector performance in Q1 as farm economics continued to improve, driven by better farm output prices and enhanced support pricing. The company produced 523KT of Urea vs 572KT for the comparative period due to a turnaround in one of the plants. The company delivered quarterly Urea sales of 582KT vs 169KT and Phosphate sales of 74KT vs 36KT during the same period last year.