Pakistan Sole PVC Manufacturer Profitability Drops 27%

Pakistan Sole PVC Manufacturer Profitability Drops 27%

Pakistan Sole PVC Manufacturer Profitability Drops 27%

On 12th October 2022, EPCL (Engro Polymer and Chemical Limited), there has been a downfall in profitability reported in the 3rd quarter by 26.9% as per company’s filing to exchange.

With the results,   EPCL announced 2.5 PKR per share as cash dividend.

In comparison to the previous year, the company reported PKR 2,281 million comparatively to PKR 3,119 million in the previous year.

From July to September 2022, company sales declined by 10.2% in the same period to PKR 16,904 million. The overall share price increased by PKR 1.9 or 3.3% post result announcement, closing the day at PKR. 59 at Pakistan Stock Exchange. However, the share price has corrected 30% on fall prediction in earnings since 30th June 2022.

Pakistan Sole PVC Manufacturer Profitability Drops 27%