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Engro Fertilizers Limited (EFERT): Result Preview – By AZEE Research

  • By: Azee Securities (Pvt.) Ltd.

  • - Published: Wednesday, 08 August 2018
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In our today's morning report we would present our forecast on the upcoming corporate results of Engro Fertilizers Limited (EFERT) for 1HCY18 as the meeting of their board of directors is scheduled to be taken place on August 10, 2018.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Primarily on back of higher volumetric sales and fertilizer prices, the profit after taxation (PAT) of EFERT is expected to grow by 46% YoY in 1HCY18 to Rs 6.03 billion (EPS: Rs 4.53) as against a PAT of Rs 4.1 billion (EPS: Rs 3.09) in 1HCY17. In addition to higher volumetric sales, the profitability of the company would also boosted by surge in other income and decline in finance cost. The corporate results are likely to b...

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