Engro Holdings Ltd. (ENGROH): 4QCY24 Result Review — Earning increased; dividend skipped amid merger - By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Engro Holdings Ltd. (ENGROH) announced its 4QCY24 results, reporting consolidated earnings of PkR5.8bn (EPS: PkR4.8) vs. PkR5.3bn (EPS: PkR4.4) in SPLY. This result pertains to previous Dawood Hercules&rsquo;s holding structure and will be reported on new structure from the next quarter, as the merger became effective on Jan 1, 2025. Furthermore, company opted to skipped the final dividend, which we attribute to the ongoing merger.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Fertilizer business (EFERT) reported 8%YoY decline in earnings to PkR10.3bn in 4QCY24, primarily due to higher selling &amp; distribution expenses and lower other income. While segment&rsquo;s revenue grew on an annual basis...