Creating a circular economy is an essential sustainability target for stakeholders across the plastic value chain. Conventional mechanical recycling methods are necessary, but given the inferior product properties, this downcycling…
Engro Corporation Limited (ENGRO) announced its 3QCY22 financial result with a consolidated profit after tax of PKR 8,017mn (EPS: PKR 13.91) compared to PKR 6,119mn (EPS: PKR 10.62) in SPLY,…
Engro Polymer & Chemicals (EPCL) held its corporate briefing today to discuss 3Q2022 financial result and future outlook. Global PVC prices declined during 3Q2022 amidst (1) demand slowdown on back…
Engro Corporation Limited (ENGRO) is anticipated to announce its 3QCY22 financial result on 18th Oct'22, where we expect the company's consolidated earnings to arrive at PKR 7,817mn (EPS: PKR 13.57), up…
ICI Pakistan Limited (ICI) is scheduled to announce its 1QFY23 financial result on Oct 19th, 2022. We expect the company to post a profit after tax (PAT) of PKR 1,679mn…
The management of Engro Fertilizer Limited (EFERT) held an Analyst Briefing session on 12th Oct'22 to discuss the company's performance and future outlook. Brief Takeaways · To recall, the company posted a…
Engro Polymer & Chemicals Limited (EPCL) announced its 3QCY22 financial result today where the company posted a profit after tax (PAT) of PKR 2,257mn (EPS: PKR 2.36), down by 27%…
Engro Fertilizers Limited (EFERT) announced the financial result for 9MCY22 today, posting a consolidated profit after Tax (PAT) of PKR 9,595mn (EPS: PKR 7.19) compared to PKR 14,921mn (EPS: PKR…
Engro Polymer and Chemicals Limited (EPCL) is scheduled to announce its 3QCY22 financial result on Oct 12th, 2022. We project the company to post a profit after tax of PKR…
Engro Fertilizer (EFERT) is expected to post 3QCY22 net profit of PKR4.8bn (EPS: PKR3.61), up from a loss of PKR98mn in 2Q. This is majorly due to (i) lower effective…
As per the provisional fertilizer offtake data of Sep'22, urea offtake climbed up by 4% YoY to 508k tons compared to 487k tons in SPLY. Urea sales of EFERT witnessed…
In our region, a turban or "paagh" is considered a symbol of honor. Accordingly, Fatima Fertilizer invited 180 of its top performing dealers from all over Pakistan to attend a…
· We maintain our "over-weight" stance on the fertilizer sector due to its stable demand dynamics, attractive dividend yield and reasonable pass-on ability. · The upcoming gas tariff hike of…
According to the provisional fertilizer offtake data for the month of Aug'22, urea offtake depicted a fall of 16% YoY to 542k tons against 649k tons in SPLY owed to…
According to NFDC, Urea sales in Jul'22 witnessed the largest slump since Dec'21, down 26% YoY to c.463,000 tons, largely owed to i) Eid holidays, ii) monsoon season, and iii)…
Fatima Fertilizer Co. (FATIMA) has posted a 2QCY22 NPAT of c.PKR0.2bn (EPS: PKR0.08), down a sharp 97% both sequentially and in SPLY, missing our projected EPS of PKR2.03. The variance…
Fatima Fertilizer recently received an international acclaim by the International Fertilizer Association (IFA) through the Green Leaf Award that recognizes outstanding performance in safety, health and environment (SHE) in fertilizer…
Pakistan's premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the first half of the year ending June 30, 2022. Overview of Financial Performance Engro Corporation's standalone revenue…
Engro Corporation Limited (ENGRO) announced its 2QCY22 financial result with a consolidated loss after tax of PKR 558mn (LPS: PKR 0.97) in contrast to PKR 8,717mn (EPS: PKR 15.13) in…
Engro Polymer & Chemicals (EPCL) has announced that the basic engineering study is under process for de-bottlenecking of VCM production facility to 300K MT from the existing 254K MT. It…
Engro Polymer & Chemicals Limited (EPCL) announced its 2QCY22 financial result today where the company posted a profit after tax (PAT) of PKR 2,338mn (EPS: PKR 2.45), down by 25%…
· Across the board increase in gas tariff is just around the corner as ECC has already approved the gas tariff hike which is awaiting final nod from federal cabinet.…
Beating street estimates, LOTCHEM posted NPAT of PKR2.79bn (EPS: PKR1.84) in 2QCY22, up a sharp 189% YoY and 7% QoQ. This is against our estimate of PKR1.2bn (EPS: PKR0.81), where…
· ICI Pakistan Limited (ICI) announced its 4QFY22 financial result today where the company posted a profit after tax (PAT) of PKR 663mn (EPS: PKR 7.18), down by 30% YoY…
Fauji Fertilizer Company (FFC) has announced its 2QCY22 result, where it posted unconsolidated PAT of PkR3.3bn (EPS: PkR2.64), down 7%YoY. This takes cumulative 1HCY22 PAT to PkR9.6bn (EPS: PkR7.55) vs…
