Engro Corp declares increase in half year profit to Rs16.6 billion

Aug 17

Corporate

Engro Corp declares increase in half year profit to Rs16.6 billion

KARACHI: Engro Corporation on Wednesday massive increase in profit to Rs16.6 billion for the half year ended June 30, 2022. Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the first half of the year ending June 30, 2022. READ MORE: Allied Bank’s tax payment grows 121% in 1HCY22 Engro Corporation’s standalone […]

by Hamza Shah

Engro, Excelerate Energy ink MoU to market RLNG in Pakistan

Aug 3

Corporate, Energy

Engro, Excelerate Energy ink MoU to market RLNG in Pakistan

KARACHI: Engro Eximp FZE, a subsidiary of Engro Corporation, on Wednesday announced that it entered into a Memorandum of Understanding (MOU) with Excelerate Energy, Inc. (NYSE: EE) (Excelerate), a leading provider of flexible LNG infrastructure solutions around the world, related to the development of a private sector gas marketing business in Pakistan. Under this MOU, […]

by Faisal Shah

FrieslandCampina Engro Pakistan posts 21% Q1 growth

Apr 20

Corporate

FrieslandCampina Engro Pakistan posts 21% Q1 growth

KARACHI: FrieslandCampina Engro Pakistan Limited (FCEPL) has reported revenue of Rs14 billion in the first quarter ended March 31, 2022, posting an increase of 21 per cent. The company reported revenue of Rs14 billion in the first quarter, showcasing 21 per cent growth versus last year. The growth was led by improvement in the portfolio […]

by Hamza Shah

Engro Corporation establishes subsidiary in UAE

Mar 1

Corporate

Engro Corporation establishes subsidiary in UAE

KARACHI: Engro Corporation, Pakistan’s premier business conglomerate, has commenced office operations of its wholly owned subsidiary, Engro Eximp FZE, in the Jebel Ali Free Zone, Emirate of Dubai. Engro Eximp FZE will explore potential trading opportunities in the energy, fertilizers, petrochemicals and food & agriculture sectors. Ghias Khan, President & CEO of Engro Corporation said: […]

by Hamza Shah

Engro Corp declares over 19% growth in annual profit

Feb 17

Corporate

Engro Corp declares over 19% growth in annual profit

KARACHI: Engro Corporation (PSX: ENGRO) on Thursday announced 19.27 per cent growth in profit after tax for the year 2021. According to financial results submitted to the Pakistan Stock Exchange (PSX), the company has declared profit after tax at Rs52.61 billion for the year 2021 as compared with Rs44.11 billion in the last year. During […]

by Anjum Shah

IFC helps Engro in reducing plastic waste

Dec 6

Corporate, Trade & Industry

IFC helps Engro in reducing plastic waste

KARACHI: International Finance Corporation, a member of World Bank Group, has signed an agreement to assist Engro Corporation in reducing plastic waste, promoting recycling, and boosting the company’s energy efficiency. The project is part of IFC’s Pakistan Resource Efficiency Program, which aims to improve efficiency, cost-competitiveness, reliability, and productivity in the manufacturing sector, particularly in […]

by Faisal Shah

Engro Polymer becomes affiliate member of WEF body

Nov 16

Corporate

Engro Polymer becomes affiliate member of WEF body

KARACHI: Engro Polymer & Chemicals (EPCL) has become the first affiliate member from Pakistan to join the World Economic Forum’s (WEF) Global Plastic Action Partnership (GPAP), as part of its sustainability efforts to promote the circular economy and contribute to achieving zero plastics waste. EPCL is a subsidiary of Engro Corporation, which is a strategic […]

by Hamza Shah

Engro hosts dialogue on climate change at Dubai Expo

Nov 5

Corporate

Engro hosts dialogue on climate change at Dubai Expo

KARACHI: Engro Polymer & Chemicals, a subsidiary of Pakistan’s premier conglomerate Engro Corporation, hosted an insightful dialogue on climate change, construction materials and technologies of the future, building inclusive communities, and circular economy, to celebrate the Rural & Urban Development week at Expo 2020 Dubai. Hussain Dawood, Chairman of Engro Corporation and Dawood Hercules Corporation, […]

by Faisal Shah

Food inflation not linked to urea prices

Nov 3

Corporate, National

Food inflation not linked to urea prices

KARACHI: The fertilizer industry is playing a critical role in ensuring food security and managing food inflation in Pakistan through adequate and affordable supply of urea at one fifth the international prices. In a media briefing on Wednesday, Imran Ahmed, CFO of Engro Fertilizers, highlighted that food inflation is one of the biggest challenges being confronted […]

by Hamza Shah

Engro Fertilizers awarded for largest taxpayer

Oct 25

Corporate, Taxation, Top stories

Engro Fertilizers awarded for largest taxpayer

Engro Fertilizers has been recognized as the largest tax paying company in the fertilizer sector. Engro Fertilizer is Pakistan’s premier seed-to-harvest solutions provider. Engro Fertilizers has been recognized as the largest tax paying company in a ceremony held at the Aiwan-e-Sadr. Nadir Qureshi, CEO of Engro Fertilizers, received the award from the Honorable President Dr. […]

by Anjum Shah