Engro polymer and Chemicals Limited (EPCL): EPCL 3QCY19 Result Preview: Higher Margins to Boost Earnings – By Darson Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Engro polymer and Chemicals limited (EPCL) board meeting is scheduled on 15 October, 2019 to announce its 3QCY2019 results.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We anticipate EPCL to declare net earnings of Rs1.53bn (EPS: Rs1.68) for the quarter as compared to net earnings of Rs1.08bn (EPS: Rs1.19) SPLY, up by 41%. This takes cumulative earnings for the period of nine months to Rs3.07bn (EPS: Rs3.38) versus Rs3.85bn (EPS: Rs4.24) SPLY, down by 21%.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Growth in earnings is mainly attributed to wider international PVC/Ethylene margins. To note, international PVC/Ethylene margins averaged USD 484 per ton during the quarte...