Karachi: Engro Corporation Limited reported a 12% increase in revenue from continued operations, reaching Rs. 279 billion for the first nine months of 2024, up from Rs. 250 billion during the same period last year. The company also noted an improvement in profitability, with profit after tax (PAT) attributable to shareholders from continued operations growing to Rs. 10.6 billion.

According to Engro Corporation Limited, the growth in profitability, which saw earnings per share (EPS) rise from Rs. 18.13 to Rs. 19.68, was primarily due to effective pricing strategies and enhanced cost management measures. The company’s focus on optimizing operations has yielded significant financial benefits amidst varying market conditions.

Additionally, Engro Corporation announced an interim cash dividend of Rs. 5 per share for the third quarter, which complements the Rs. 19 per share dividend declared in the first half of the year. This brings the total dividend for the nine-month period to Rs. 24 per share, signaling strong performance and confidence in the ongoing fiscal health of the company.