Thursday, August 18, 2022
spot_img

EFERT earnings up by 3% YoY 

Advertisement

Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com

EFERT announced 1QCY19 financial result today, where the company posted consolidated earnings of PKR 4,007mn (EPS: PKR 3.00), up by 3% YoY.

During 1QCY19, sales surged by a massive 30% YoY to PKR 24bn, mainly due to 42% YoY jump in DAP offtake along with 28% YoY and 21% YoY surge in urea and DAP prices, respectively.

Gross margin declined to 32% during the period under review compared to 1CY18 levels (~40%) was a result of 14% YoY lower urea offtake along with lower DAP realized margins.

Other income depicted a 12% YoY decline to PKR 2.1bn in 1QCY19 amid absence of urea subsidy.

Financial charges jumped by 52% YoY to 799mn during 1QCY19 amid higher interest rate during the period.

The company booked effective taxation at 27% during 1QCY19.

- Advertisement -
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
- Advertisement -
- Advertisement -

Latest News

0
Would love your thoughts, please comment.x
()
x