Engro Fertilizers Limited (EFERT): 4QCY24 Result Review — Higher distribution & finance cost dent earnings - By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Engro Fertilizers Limited (EFERT) announced its 4QCY24 financial results, wherein the company reported consolidated earnings of PkR10.3bn (EPS: PkR7.7), an 8%YoY decline from PkR11.1bn (EPS: PkR8.3) in SPLY. The result is largely in line with our expectations. However, the annual drop in earnings is due to higher distribution expenses and lower other income. Alongside the result, company declared a final cash dividend of PkR8.0/sh, taking full-year dividend to PkR21.5/sh.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Revenue rose by 13%YoY to PkR84.8bn in 4QCY24 vs. PkR75.2bn in SPLY, supported by a 17%YoY increase in urea offtakes and 24%YoY rise in prices. However, DAP and NP sales declined by 5...