Ahsan Zafar Syed has assumed the office of President & CEO Engro Corporation, after the completion of Ghias Khan’s seven-year tenure at the Group. He began his journey with Engro in 1991 as a young engineer, accumulating three decades of experience in operations, project management, and strategic leadership across the petrochemical, energy, and food &…
Engro Corporation’s revenue from continued operations grew by 45% to PKR 104.3 bn versus PKR 72.1 bn in 2023, as per Q1 results announced on PSX. Consolidated PAT of Q1 stood at PKR 10.4 bn (EPS 10.66) versus PKR 8.8 bn in 2023. Higher profitability on account of higher fertilizer sales, improved margins, efficient plant…
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…
In a strategic move, Hub Power Company Limited (Hubco) is set to acquire shares of Sindh Engro Coal Mining Company Limited (SECMC). This significant development marks a key collaboration in the energy sector, combining the strengths and resources of two major players to further enhance the efficiency and sustainability of coal mining operations in Pakistan….
