Engro Fertilizer Limited (EFERT): Result Review: EFERT 4QCY24 EPS Rs7.7, DPS Rs8 - By Sherman Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Engro Fertilizer Limited (EFERT) announced its 4QCY24 result today wherein the company posted consolidated net earnings of Rs10.3bn (EPS of Rs7.7) as compared to net earnings of Rs11.2bn (EPS of Rs8.3) during same period last year, down by 8%YoY. The result came lower than our estimate due to higher than expected operating expenses. ? Along with the result, company announced final cash dividend of Rs8/share taking cumulative dividend to Rs21.5/share for CY24 (payout ratio of 100%).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During 4QCY24, net revenue clocked in at Rs85bn, up by 13%YoY. The increase is mainly attributed to higher urea sales (up by 17%YoY) as company offered discount of Rs100/...