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Engro Fertilizers (EFERT): Result Review – By Topline Research

  • By: Topline Securities (Private) Limited

  • - Published: Monday, 17 February 2020
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Engro Fertilizer (EFERT) posted consolidated profits of Rs4.77/share in 4Q2019, up 23% YoY and 91% QoQ. It takes full year consolidated 2019 earnings to Rs12.64/share.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Alongside result, the company announced final cash dividend of Rs2/share, taking full-year 2019 DPS to Rs13/share.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In 4Q2019, net sales of the company grew by 9% YoY due increase in volumetric sales by 12% YoY on an anticipation of hike in urea prices.</span></li></ul>

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