Engro Polymer & Chemicals Ltd announces dividend after a decade

KARACHI: Engro Polymer & Chemicals Limited (EPCL) declared an interim cash dividend of Rs 0.45 per share after a span of ten years.

EPCL’s revenue during the nine-months of 2017 grew to Rs 20,390 million compared to Rs 16,610 million in the same period last year attributable to higher PVC resin demand due to overall economic growth in the country. The Company maintained its focus on operational excellence and achieved the highest ever PVC & VCM production for any quarter and for nine months.

The company announced Earning Per Share (EPS) of Rs 2.93 in 9 months of 2017 compared to Rs 0.05 per share in the corresponding period.

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