The financial figures for the quarter ended March 31, 2022 have been announced by Engro Corporation (PSX: ENGRO), Pakistan’s largest corporation.
In the first quarter of 2022, Engro Corporation’s standalone profitability improved by 92 percent, from Rs. 3.59 billion in Q1 2021 to Rs. 6.88 billion in Q1 2022.
During the quarter, the Company’s Dividend Income grew by 124%, to Rs. 7.70 billion from Rs. 3.43 billion in Q1 2021. The increase in dividend income and standalone profitability is mostly due to increased dividends from the Fertilizer and Petrochemical sectors.
On a standalone basis, the company’s sales climbed by 24.70 percent to Rs. 88.33 billion, up from Rs. 70.86 billion the previous year.