Dec 6

Engro Corp to Amalgamate With PMCL in Strategic Partnership

Karachi, December 6, 2024 – Engro Corp has announced a significant step toward enhancing its telecommunications portfolio by entering into an amalgamation agreement with Pakistan Mobile Communication Limited (PMCL). This scheme of arrangement, subject to the sanction of the High Court, marks a major milestone in Engro’s strategic initiatives.

by Hamza Shahnawaz

Engro Corporation Reports 48% Drop in 9MCY24 Profit

Oct 29

Corporate, Trade & Industry

Engro Corporation Reports 48% Drop in 9MCY24 Profit

Engro Corporation Limited (ENGRO) announced a significant decline in its financial performance for the nine months ending September 2024 (9MCY24), reporting a consolidated profit after tax of PKR 11,983 million, or PKR 22.33 per share. This reflects a steep 48% drop year-on-year, as challenging market dynamics, higher costs, and reduced demand affected its key business […]

by Faisal Shahnawaz

Engro and DH Corp Boards Greenlight Major Restructuring Plan

May 6

Corporate, Trade & Industry

Engro and DH Corp Boards Greenlight Major Restructuring Plan

In a significant move on May 3, 2024, the boards of Engro Corporation Limited (Engro Corp) and DH Corporation Limited (DH Corp) approved a restructuring plan involving, aiming to optimize capital allocation and enhance shareholder returns.

by Shahnawaz Akhter

Engro Strikes Deal for Sale of Thermal Energy Assets

Apr 4

Corporate, Energy

Engro Strikes Deal for Sale of Thermal Energy Assets

April 04, 2024, Karachi: Engro Energy Limited, a subsidiary of Engro Corporation Limited, has recently inked a significant Share Purchase Agreement (SPA) with Liberty Power Holding (Pvt.) Limited and a consortium, marking the sale of its thermal energy assets portfolio.

by Shahnawaz Akhter

Engro Corp Reports Impressive 35% Revenue Growth in 2023

Feb 26

Corporate, Trade & Industry

Engro Corp Reports Impressive 35% Revenue Growth in 2023

Karachi, February 26 – Engro Corp, a leading Pakistani conglomerate, has announced a robust 35% growth in revenues, reaching PKR 482 billion in 2023.

by Faisal Shahnawaz

Engro Names Ahsan Zafar Syed as President & CEO Designate

Jan 31

Corporate

Engro Names Ahsan Zafar Syed as President & CEO Designate

Karachi, January 31, 2024 – Engro Corporation, a prominent business conglomerate in Pakistan, has made a significant leadership announcement with the appointment of Ahsan Zafar Syed as President & CEO Designate.

by Faisal Shahnawaz

Engro Corp reports 41% profit decline in 1Q 2023, misses expectations

Apr 20

Corporate

Engro Corp reports 41% profit decline in 1Q 2023, misses expectations

Engro Corporation (ENGRO) Thursday reported a 41% decline in profits for the first quarter of 2023, falling short of industry expectations. According to analysts at Topline Securities, the company recorded earnings of Rs8.8 billion (Earning per share: Rs8.07), which is a decrease of 41% YoY and 43% QoQ. Despite the disappointing financial results, the company […]

by Faisal Shahnawaz

Engro Foundation recognizes IATC awards 2022

Mar 27

Corporate

Engro Foundation recognizes IATC awards 2022

Engro Foundation, the social investment arm of Engro Corporation, has announced National Disability and Development Forum (NDF) and ConnectHear as the two recipients of I Am The Change (IATC) Impact Awards 2022.

by Faisal Shahnawaz

Engro LNG terminal helps Pakistan to save over $3 billion through import substitution

Jan 12

Corporate, Energy

Engro LNG terminal helps Pakistan to save over $3 billion through import substitution

KARACHI: Engro LNG Terminal has helped Pakistan to save around $3 billion through import substitution of furnace oil, according to a statement issued Thursday.

by Faisal Shahnawaz

PVC market growing with wide array of downstream applications

Dec 8

Corporate

PVC market growing with wide array of downstream applications

KARACHI: With growing consumer awareness about new construction materials and sustainability, the PVC downstream market in Pakistan is expected to witness an upward trend in the coming years. A recent report by PACRA expects the local construction industry to record growth of 6 percent this year. Over the next seven years, the sector is expected […]

by Faisal Shahnawaz