{
  "id": 2385344,
  "title": "Engro Holdings’ First Half Profit Down by 41%",
  "url": "https://urgent.news/2026/08/21/engro-holdings-first-half-profit-down-by-41",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T13:57:16.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/08/21/engro-holdings-first-half-profit-down-by-41/"
  },
  "original_language": "en",
  "account": "Engro Holdings Limited disclosed a 41 percent year-on-year (YoY) reduction in consolidated profit after tax to Rs. 18.6 billion for the first half of 2026, down from Rs. 31.6 billion in the same period a year prior. Earnings per share (EPS) dropped to Rs. 15.46 from Rs. 26.23. H1CY26 revenue climbed 5 percent YoY to Rs. 259.3 billion, up from Rs. 247.3 billion, while gross profit surged 31 percent to Rs. 72.7 billion. Arif Habib Limited attributed the profit decline to higher costs and a significant drop in other income. For the second quarter of 2026 (2QCY26), Engro Holdings reported consolidated profit after tax of Rs. 8.97 billion, a 70 percent YoY decrease from Rs. 29.76 billion. EPS was Rs. 7.45, compared to Rs. 24.71 in 2QCY25. The company's profitability suffered due to higher-than-anticipated cost of sales and increased administrative expenses. Total borrowings rose 36 percent YoY to Rs. 392 billion, mainly due to funding for the company's telecom towers, and finance costs climbed 5 percent to Rs. 12.7 billion. EFERT's net profit for 2QCY26 fell 32 percent YoY to Rs. 3.8 billion as weaker fertilizer offtakes weighed on earnings. Net sales decreased 34 percent YoY and 13 percent quarter-over-quarter, with earnings bolstered by a one-off Rs. 1.8 billion gain from remeasuring the Sui Northern Gas Pipelines Limited provision. Power portfolio assets, including EPCL and FCEPL, contributed Rs. 706 million and Rs. 1.02 billion to 2QCY26 earnings, respectively. Tower business operations generated approximately Rs. 3 billion during the period. Arif Habib Limited maintained a buy rating on Engro Holdings, with a June 2027 target price of Rs. 360 per share.",
  "summary": "Engro Holdings Limited reported a 41 percent year-on-year (YoY) decline in consolidated profit after tax to Rs. 18.6 billion in … Read More The post Engro Holdings’ First Half Profit Down by 41% appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}