trending Market Intelligence /marketintelligence/en/news-insights/trending/alySeUOc8X2qSAscMMGWxA2 content esgSubNav
In This List

Engro Foods Q1 profit climbs YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Engro Foods Q1 profit climbs YOY

Engro Foods Ltd. said its first-quarter normalized net income came to 1.27 Pakistani rupees per share, an increase from 23 paisa per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 974.9 million rupees, a gain from 178.3 million rupees in the prior-year period.

The normalized profit margin increased to 7.8% from 1.8% in the year-earlier period.

Total revenue increased 23.7% on an annual basis to 12.58 billion rupees from 10.17 billion rupees, and total operating expenses rose 11.7% year over year to 10.75 billion rupees from 9.63 billion rupees.

Reported net income increased on an annual basis to 1.07 billion rupees, or 1.39 rupees per share, from 190.1 million rupees, or 25 paisa per share.

As of May 1, US$1 was equivalent to 101.69 Pakistani rupees.