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Financial results of Engro Corporation Limited for Quarter ended June 30, 2019.

Karachi -- Engro Corporation Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 19, 2019.

The agenda of the meeting was discussion of consolidated profit and loss account for quarter ended June 30, 2019 which portrayed a profit of Rs. 4,917,512 with earnings per share 4.97 basic and diluted respectively.

Further, 80% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from September 17, 2019 to September 23, 2019 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/133499.pdf

Engro Corporation Limited is a publically listed company incorporated in Pakistan under the Companies Ordinance, 1984. The company is engaged in the business of managing investments in subsidiary companies and joint venture, engaged in chemical fertilizers, PVC resin manufacturing, food, energy, exploration, LNG and liquid chemical terminal and storage businesses. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The business ventures of the company started in 1957 from the search for oil by Pak Stanvac an Esso/Mobil joint venture which led to the discovery of the Mari Gas field near Daharki. Later, Esso proposed the establishment of a urea plant in that area which led to a fertilizer plant agreement signed in 1964. In the subsequent year, Esso Pakistan Fertilizer Company Limited was incorporated, with 75% of the shares owned by Esso and 25% by the general public.

The subsidiary companies of the group are Engro Fertilizers Limited, Engro Foods Limited, Engro Polymers And Chemicals Limited, Engro Powergen Limited, Engro EXIMP Private Limited, Engro Vopak Terminal Limited and Elengy Terminal Pakistan Limited.

The symbol "ENGRO" is being used by the stock exchange for the shares of Engro Corporation Limited.

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Publication:Pakistan Company News
Article Type:Financial report
Geographic Code:9PAKI
Date:Aug 20, 2019
Words:369
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