Engro Polymer Chemicals to post good financial result on Aug 10

Engro Polymer Chemicals Ltd (EPCL) is scheduled to announce its 2QCY21 result on August 10, 2021. The company is expected to post PAT of PKR4,602mn (EPS PKR5.06) relative to PKR4,143mn (EPS PKR4.56) in 1QCY21, implying an increase of 11%QoQ.

Revenue is expected to up by 4%QoQ to PKR16,341mn during 2QCY21 due to an increase in international PVC prices to USD ~1,494/MT by 13%QoQ. PVC prices increased due to a rebound in international oil prices along with some supply constraints. During 2QCY21, the recent rise in PVC prices to fuel up primary margins to USD ~990/MT (+19%) compared to 1QCY21.

Courtesy – Spectrum Research, Company Accounts

Posted in Article & Features.

Leave a Reply

Your email address will not be published. Required fields are marked *