Earnings Report /

Engro Fertilizers: 2QCY22 Review: Negative earnings from supertax in 2Q

  • EFERT posted consolidated net loss of PKR98mn for 2QCY22 (LPS: PKR0.07), for the first time since CY13

  • The result is significantly lower than our expected EPS of PKR1.27, largely owed to significantly large taxation charge

  • Going forward, strong Urea sales and prices are likely to keep earnings and payout healthy in the coming quarters

Abdul Ghani Mianoor
Intermarket Securities
28 July 2022


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