Profits spike at Engro Polymer, Pakistan's only fully integrated Chlor-Vinyl chemical complex

20-Apr-17

Engro Polymer & Chemicals Limited (EPCL) posted a consolidated net profit of Rs 846 mln in the quarter ended March 31, up 4,600% from just Rs18 mln in the same period of the previous year, according to a company notice sent to the Pakistan Stock Exchange (PSX). Earnings per share (EPS) increased to Rs1.27 compared to an EPS of just Rs0.03 in the same period of the previous year. EPCL is the only fully integrated Chlor-Vinyl chemical complex in Pakistan.

It is a subsidiary of Engro Corporation, involved in the manufacturing, marketing and distribution of quality Chlor-Vinyl allied products and PVC under brand name ‘SABZ’. The company’s history dates back to 1994 when it was established as a joint venture with two Japanese companies. Later, perturbed with low margins, it decided to change the business model by producing PVC raw material in Pakistan and made an investment of US$350 mln.

Source Courtsey: The Express Tribune