Earnings Report /
Pakistan

Engro Polymer & Chemicals Ltd: 2QCY21 review – Massive earnings growth amid elevated PVC margins and volumes

  • EPCL again posted significant yoy jump in earnings in 2QCY21 results…

  • …thanks to unprecedented average core delta of US$1,025/ton. Volumes and margins were however lower qoq

  • We have a Buy rating on EPCL with a TP of PKR62.0/sh

Intermarket Securities
11 August 2021