engro fertilizers limited – financial results for first quarter 2010
The unaudited financial results of Engro Fertilizers Limited for the First Quarter ended March 31, 2010 are as follows. As this is a new company which started commercial operations on January 1, 2010, pursuant to the de-merger of the company from Engro Chemical Pakistan Limited (now Engro Corporation Limited) and the transfer to it of the fertilizer business, there is no comparison provided with 2009. The Company is a 100% owned subsidiary of Engro Corporation Limited (formerly Engro Chemical Pakistan Limited).
* (Amounts in thousand except for earnings per share)
| Jan – Mar 2010 | |
| Net sales | 4,619,953 |
| Less: Cost of sales | 2,488,841 |
| Gross profit | 2,131,112 |
| Less: Selling and distribution expenses | 416,721 |
| 1,714,391 | |
| Add: Other income | 5,094 |
| Less: Financial and other charges including WPP and WW funds | 515,440 |
| Profit before taxation | 1,204,045 |
| Less: Provision for taxation Current Deferred |
442,214 (11,436) |
| Profit after taxation | 773,267 |
| Earning per share-basic and diluted | 77.33 |
| Unappropriated loss brought forward | 544 |
| Profit available for appropriation | 772,723 |
Andalib Alvi
General Manager – Legal & Company Secretary
