Engro Fertilizer Limited (EFERT): Result Preview 1QCY19 – By YHS Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Engro Fertilizer is expected to announce 1QCY19 result on 19-04-19. We expect 1QCY19 earning to clock in at PKR 2.6/sh (&darr;11% YoY &darr;33 QoQ).</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We estimate company&rsquo;s topline to increase by 9% YoY to PKR 19.7 bln in 1QCY19 stemming from increase in urea prices by 29% YoY to an average of PKR 1,800/bag and Dap price by 19% YoY to PKR 3,570 /bag.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Volumetric urea sales of company is expected to decline by 23% YoY to 381 KT while Dap sales is expected to show a growth of 43% YoY to 67 KT.</span><strong></strong></li><li><span style="font-family:Arial, Helvetica, sans-serif;f...