LAHORE  : MCB Bank (MCB) announced its 1Q2013 result on Monday. The result came well above expectation of Rs4.95 per share on account of reversal in provisions against bad loans of Rs811m which boosted the bottom line. The bank posted a PAT of Rs5.8b (EPS: Rs5.70) up 4pc YoY. The bank also ...

LAHORE – The Engro Corporation (Engro) announced 2012 results, where the company posted full year earnings of Rs1.3 billion, down 83 per cent YoY compared to profit of Rs8.1b in the same period last year. In 4Q alone, earnings stood at Rs1.8b compared to profit of Rs2.5b in the corresponding ...

LAHORE - Engro Fertilizer reported loss of Rs2.9 billion for CY12, compared to Profit After Tax of Rs4.6 billion in CY11. This implies 4QCY12 PAT of Rs43 million.The loss on annual basis was driven mainly from 8 months of shutdown of the new plant. In 4QCY12, the new plant operated at over 80 per ...

LAHORE (PR) – The Board of Directors of Engro Foods Limited has announced an extraordinarily brilliant performance and a profit after tax of Rs.2,595 million for the year ended December 31, 2012 as compared to Rs 891 million in 2011.Engro Foods’ revenue for 2012 recorded another year ...

LAHORE – The Engro’s market capitalization has reduced by $720 million during last four years to $430 million from its peak of $1,250 million, as fertilizer sector has found itself under a cloud of uncertainty over much of the last 18 months; be it regarding gas supply, price ...

LAHORE - Gas curtailment caused by the flagrant violation of the contractual obligations by SNGPL has severely impacted the operations of fertilizer business. Consequently, the Engro made a net loss of Rs 2,978 million during the nine months under review against a net profit of Rs3,510 million ...

LAHORE - Engro Fertilizer has started urea production from its newly-established EnVen plant by diverting its gas from the old base plant, as its older base plant has been shut for 30 days for annual turnaround.Industry sources said that given that Mari gas to base plant is of low quality, current ...

LAHORE - Engro Corporation (ENGRO) announced 2Q2012/1H2012 results, reporting a profit of Rs 309m (EPS: Rs0.60) in 2Q, which takes the cumulative 1H2012 loss to Rs340m (loss per share: Rs0.67) compared to a profit of Rs3,381m (EPS: Rs6.61) in the same period last year. As expected, the company did ...

LAHORE - Engro Fertilizers Limited has announced a reduction in Di-Ammonium Phosphate (DAP) prices by Rs310 per bag from Rs4, 060 to Rs3,750 per bag, following reduction in international prices, effective immediately.International prices have reduced from approximately $700 to $610 per ton. ...

KARACHI - The Board of Directors of Engro Corporation Limited has announced the achievement of the Company’s highest-ever profit after tax of Rs 8.06 billion for the year ended December 31, 2011, says a press release.The consolidated revenue stood at Rs 114.6 billion for the year ended ...

LAHORE - On the pressure of the Sindh provincial government the Engro Fertilizer has rolled back the urea prices to the previous level of Rs1,580 per 50 kg bag, withdrawing its earlier decision of rate escalation of Rs400 per bag on Oct 31. Industry sources said that the Sindh government has ...

OUR STAFF REPORTER LAHORE - Engro Corporation (ENGRO) announced its 1H2011 result, reporting flat earnings of Rs3.4b (EPS: Rs8.60) compared to Rs3.4b (EPS: Rs8.64) in the corresponding period last year. The result is well below expectation of Rs10.8 per share mainly on account of lower earnings of ...

OUR STAFF REPORTER LAHORE - Engro Corporation (ENGRO) has announced its 1Q2011 result on Wednesday. The company reported earnings of Rs2.1bn (diluted EPS: Rs5.22) compared to Rs1.9bn (diluted EPS: Rs4.80) in the corresponding period last year, up 9 percent. Though, net sales of the company grew by ...

ISLAMABAD - The Competition Commission of Pakistan (CCP) has issued show cause notice to M/s Engro Vopak Terminal Limited (EVTL) for prima facie abusing its dominant position by imposing unfair trading conditions and also employing constructive refusal to deal strategy with its customer in ...

KARACHI (APP) - The gas efficient new urea fertilizer plant of Engro Fertilizer Ltd has started trial production early Wednesday. According to a communique dispatched to Karachi Stock Exchange, urea is the largest single train urea plant in the world with the production capacity of 1.3m ton per ...

KARACHI - Engro Corporation Limited has generated an amount of Rs 2b with the issuance of its first-ever Retail Term Finance Certificate, i.e. Rupiya Certificates to finance the liquidity needs of Engro for investments in its subsidiaries. In a statement, issued on Wednesday, Ruhail Mohammed, ...

KARACHI- Engro Corporation Limited on Thursday launched Engro Rupiya certificates savings option, which provides investors with an unprecedented 14.5 per cent rate of return. This is the first Term Finance Certificate (TFC) by Engro Corp, which would offer profit payments twice in a year for a ...

KARACHI - Engro Corporation (ENGRO) has posted Rs3.4 billion, translating into EPS of Rs10.37 during the second quarter (April-June) of the current calendar year, compared with Rs1.0 billion (EPS Rs3.63) in the same quarter last year. Engros consolidated earnings stood at Rs1.5 billion with EPS ...

LAHORE - Chief Executive Officer Sindh Engro Mining, Khalid Mansoor has said that Engro chemicals is investing millions of dollars to develop the Thar Coal reserves which are the 7th largest in the world. He was addressing international seminar on Energy Solutions from Coal and Bio Mass organised ...

ISLAMABAD IFC, a member of the World Bank Group, has signed a $50 million financing agreement with Engro Chemicals Pakistan Ltd. to help the company expand and create jobs in Pakistan. IFC will provide Engro with a $35m corporate loan and a $15m quasi-equity loan that will be convertible into ...

LAHORE - Engro Chemical Pakistan (ENGRO) has announced its financial results for the period of 1Q/CY09. ENGRO declared a Profit After Tax (PAT) of PRs694.73m in 1Q/CY09 as compared to PAT of PRs819.03m in the same period last year, depicting a notable decline of 15.18% on Y-o-Y basis. Cost of Sales ...