Engro Polymer & Chemicals Ltd. (EPCL): 4QCY24 Result Review — Tax reversal & improved margins drive profitability - By AKD Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Engro Polymer & Chemicals Ltd. (EPCL) announced its 4QCY24 financial results, wherein
the company reported consolidated earnings of PkR2.1bn (EPS: PkR2.3), a 40%YoY decline
from PkR3.5bn (EPS: PkR3.7) in SPLY. The result is above our expectations, primarily due
to a tax reversal and better-than-expected gross margins. However, the annual decline in
earnings is driven by lower gross margins and higher finance cost. On a sequential basis,
the recovery from a loss of PkR2.0bn (LPS: PkR0.8) in 3Q is mainly due to improved gross
margins.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Revenue increased by 11%YoY to PkR21.3bn, up from PkR19.2bn in SPLY, as higher PVC
offtakes offset the impact of lo...
