External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

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Equity Bottom-Up

Engro Polymer & Chemicals  / Equity Bottom-Up

<ul><li>Engro Polymer (EPCL) conducted its 9M2023 Corporate Briefing Session today where management discussed financial performance and future outlook.</li><li>EPCL faced headwinds in the first two quarters of 2023 that restricted profitability. However, an improved situation in 3Q2023 lifted profitability.</li><li>PVC sales in 3Q2023 increased by 39% QoQ, reaching 68K tons compared to 49K tons in 2Q2023. The significant growth in volumetric sales was attributed to the country's economic stability. Approximately 56% of the PVC is allocated to the Pipes and Fittings segment.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Engro Polymer (EPCL) conducted its 9M2023 Corporate Briefing Session today where management discussed financial performance and future outlook.EPCL faced headwinds in the first two quarters of 2023 that restricted profitability. However, an improved situation in 3Q2023 lifted profitability.PVC sales in 3Q2023 increased by 39% QoQ, reaching 68K tons compared to 49K tons in 2Q2023. The significant growth in volumetric sales was attributed to the country's economic stability. Approximately 56% of the PVC is allocated to the Pipes and Fittings segment.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Topline Flash Note: Engro Polymer (EPCL): Corporate Briefing Key Takeaways

<ul><li>Engro Polymer (EPCL) reported consolidated profit of Rs2.6bn (EPS of Rs2.91) up 17% YoY in 3Q2023. This came higher than industry expectations due to higher than expected sales.</li><li>It takes 9M2023 consolidated earnings to Rs5.4bn (EPS: Rs5.93), down 42% YoY.</li><li>Along with the result, EPCL also announced a interim cash dividend of Rs2.5/share in 3Q2023, taking total payout for 9M2023 to Rs5.0 per share.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Engro Polymer (EPCL) reported consolidated profit of Rs2.6bn (EPS of Rs2.91) up 17% YoY in 3Q2023. This came higher than industry expectations due to higher than expected sales.It takes 9M2023 consolidated earnings to Rs5.4bn (EPS: Rs5.93), down 42% YoY.Along with the result, EPCL also announced a interim cash dividend of Rs2.5/share in 3Q2023, taking total payout for 9M2023 to Rs5.0 per share.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Engro Polymer (EPCL): Earnings Higher than Industry Expectations

Pakistan

Engro Polymer & Chemicals Limited manufactures thermoplastics, such as polyvinyl chloride (PVC) in powder, pellet, or granulated form. The Company's products can be used in different applications such as piping systems, indoor products, electrical, housing construction.

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Engro Polymer & Chemicals (EPCL PA)

Topline Flash Note: Engro Polymer (EPCL): Corporate Briefing Key Takeaways

Engro Polymer (EPCL) conducted its 9M2023 Corporate Briefing Session today where management discussed financial performance and future...

Topline Securities

Engro Polymer (EPCL): Earnings Higher than Industry Expectations

Engro Polymer (EPCL) reported consolidated profit of Rs2.6bn (EPS of Rs2.91) up 17% YoY in 3Q2023. This came higher than industry expectations due...

Topline Securities

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