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Engro Chemicals Pvt Limited Review - by xpertwriter
The profit after-tax of the Engro Chemical Pakistan Limited has increased to Rs 819.029 million in the quarter ended March 31, 2008 as compared to Rs 323.456 million earned in the corresponding period in 2007. The company's earning per share surged to Rs 4.23 in the period under review against Rs 1.81 in the same period a year ago.
According to the financial results, the company's net sales increased to Rs 4.565 billion in this quarter against Rs 1.918 billion in the same quarter in previous year while the cost of goods sold stood at Rs 2.914 billion in this period against Rs 1.215 billion in the same period last year.
The company's selling and distribution expenses increased to 369.021 million in this period against Rs 229.476 million in the same period previously. The company's profit before-tax stood at Rs 1,245.771 million in this quarter against Rs 473.465 million in the same period last year.