Pakistan Coating Association and TEVTA sign an MoU to elevate skill development in paint and coating sectors.

A delegation led by Senior Vice Chairman Mr M Badar Haroon participated in a momentous Memorandum of Understanding (MoU) signing ceremony between the Technical Education and Vocational Training Authority (TEVTA)…

Continue ReadingPakistan Coating Association and TEVTA sign an MoU to elevate skill development in paint and coating sectors.

Engro will explore global markets and broaden its investment horizon to fuel future growth.

Engro, the country's leading conglomerate, is focused on future growth. It is taking a more agile investment approach to exploring global markets and possible deals in Pakistan outside its conventional…

Continue ReadingEngro will explore global markets and broaden its investment horizon to fuel future growth.

FATIMA noticed an increase in other expenses denting profitability 1QCY23

Fatima Fertilizer Company Limited (FATIMA) announced its 1QCY24 financial results today, where the company posted earnings of PkR8.4bn (EPS: PkR4.0) vs. PkR10.0bn (EPS: PkR4.8) in the preceding quarter, changing by…

Continue ReadingFATIMA noticed an increase in other expenses denting profitability 1QCY23

Engro Polymer & Chemicals reports higher gas prices and a decline in PVC margins, which results in a loss after tax.

Engro Polymer & Chemicals Limited (EPCL) announced its 1QCY24 financial result today, where the company posted a loss of PKR 901mn (LPS: PKR 0.99) compared to PKR 1,183mn (EPS: PKR…

Continue ReadingEngro Polymer & Chemicals reports higher gas prices and a decline in PVC margins, which results in a loss after tax.

Lotte Chemical Pakistan announced an interim cash dividend of PKR 0.50/share in 1QCY24

Lotte Chemical Pakistan Limited (LOTCHEM) announced its 1QCY24 financial result today. The company posted a profit after tax (PAT) of PKR 897mn (EPS: PKR 0.59), down by 65% YoY compared…

Continue ReadingLotte Chemical Pakistan announced an interim cash dividend of PKR 0.50/share in 1QCY24

Engro Fertilizers: Posted a PAT of Rs10.8bn (EPS of Rs8.08); the result came higher than market expectation – a Buy call on EFERT.

Engro Fertilizers Limited (EFERT) announced its 1Q2024 result, in which it posted a consolidated PAT of Rs10.8bn (EPS of Rs8.08), up 145% YoY while down 3% QoQ. The result was…

Continue ReadingEngro Fertilizers: Posted a PAT of Rs10.8bn (EPS of Rs8.08); the result came higher than market expectation – a Buy call on EFERT.

The level playing field for all fertilizer manufacturers to encourage new investments, efficiency

By removing discriminatory gas pricing among fertilizer manufacturers, the Government can facilitate new investments and promote efficiency to ensure sufficient urea availability for the farmers. In a media workshop, Ali…

Continue ReadingThe level playing field for all fertilizer manufacturers to encourage new investments, efficiency

Engro Fertilizers urea market share increased to 35% in CY23 from 29% in CY22.

The management of Engro Fertilizer Limited (EFERT) held an Analyst Briefing session on 22nd Feb'24 to discuss the company's performance and future outlook. Brief Takeaways The company's urea market share…

Continue ReadingEngro Fertilizers urea market share increased to 35% in CY23 from 29% in CY22.

EPCL exported 22K tons of PVC and 22K tons of Caustic and generated inflows of US$26mn in 2023.

Engro Polymer (EPCL) conducted its 2023 Corporate Briefing Session today, where management discussed financial performance and future outlook. PVC sales in 4Q2023 declined by 23.5%, reaching 52K tons compared to…

Continue ReadingEPCL exported 22K tons of PVC and 22K tons of Caustic and generated inflows of US$26mn in 2023.