Karachi: On a consolidated basis, Engro Corporation’s revenue grew by 35% to PKR 482 billion in 2023, while consolidated PAT before accounting impact due to remeasurement of thermal energy assets increased to PKR 66 billion versus PKR 46 billion last year, recording an EPS of PKR 63.01. Major variance is attributable to higher urea sales, efficient plant operations, higher earnings from dollar-denominated businesses, and efficiencies derived through cost optimization. However, after incorporating the accounting impact due to remeasurement of thermal energy assets, the consolidated PAT stood at PKR 36 billion with an EPS of PKR 38.60 in 2023. Engro Corporation announced a final cash dividend of PKR 2/- per share for the year. This is in addition to the PKR 46/- per share dividend announced during the year, bringing the cumulative payout to PKR 48/- per share. Our Correspondent
