Engro Fertilizer Limited company (EFERT): Surge in Top-line provided respite to Earnings in 1QCY19 – By Shajar Research
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Engro Fertilizer Limited company (EFERT) disclosed its
1QCY19 consolidated result, posting Profit After Tax (PAT) of PKR4bn (EPS:
PKR3.0), up by a meagre 3%YoY vs. PKR3.9bn (EPS: PKR2.91) in SPLY. Surge in
earnings was mainly due to higher volumes resulting in a top-line growth of
30%YoY to PKR23.65bn, we believe.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">On the other hand, EFERT’s earnings took a nose-dive on
quarterly basis shedding by 22%YoY to EPS of PKR3.0 vs. EPS of PKR3.87 in
4QCY18. Moreover, net revenues were mainly responsible for dragging down the
bottom-line since it dropped by a massive 41%QoQ to PKR23.65bn vs. PKR39.98bn
in the 4QCY18.</span></li></ul><ul><li><span style="font-...
