Engro Polymer and Chemicals to announce its 3QCY22 financial result tomorrow

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 1,771mn (EPS: PKR 1.95), down by 43% YoY | 24% QoQ during 3QCY22. The decline in earnings is expected due to lower PVC margins, down by 40% YoY | 35% QoQ. During the quarter under review, sales are expected to decline by 20% YoY due to lower PVC prices, down by 26% YoY.

Finance cost is expected to increase by 13% YoY to PKR 549mn due to higher interest rates. Led by a 10% PKR depreciation during the quarter, we expect the company to book an exchange loss of PKR 741mn. Alongside the result, we expect the company to announce a DPS of PKR 1.50 (9MCY22: PKR 9.00/share).

Courtesy- AHL Research

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Posted in Fertilizer & Petrochemical Industries.

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