KARACHI: During 2021, Engro Corporation’s standalone revenue increased to Rs 20.68 billion in 2021 from Rs 15 billion of 2020, showing 38 percent growth.
Higher revenue was primarily due to higher dividends received from Engro Polymer & Chemicals Limited and Engro Fertilizers Limited , which in turn were driven by strong underlying business performance, said Engro release on Thursday.
Resultantly, the company achieved a 14 % higher profit-after-tax of Rs 18.52 billion in 2021 against Rs 16.30 billion in 2020, translating into an EPS of Rs 32.14 per share (2020: Rs 28.29 per share).
On a consolidated basis, Engro Corporation’s revenue grew by 25 percent to Rs 311.59 billion in 2021 from Rs 248.82 billion in 2020. The Company posted a PAT of Rs 52.61 billion in 2021, which is 19% higher than Rs 44.11 billion in 2020, translating to an EPS of Rs 48.50 per share (2020: Rs 43.57 per share).
Engro Corporation announced a final cash dividend of Rupee 1 per share for the year. This is in addition to the Rs 24 per share dividend that has already been announced during the financial year, bringing the cumulative payout to Rs 25 per share.