External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Engro Corporation (ENGRO) announced its 3Q2024 results today, reporting a profit attributable to equity owners of Rs5.7bn (EPS of Rs10.66), down 53% YoY. This came in line with our expectations. Adjusted for thermal assets, company posted EPS of Rs10.64, down 37% YoY.</li><li>This took 9M2024 earnings to Rs11.9bn (EPS of Rs22.33) down 48% YoY. While EPS from continuing operations (adjusted for thermal business) clocked in at Rs19.73, up 9% YoY.</li><li>To note, the company has entered into definitive agreement with Liberty Power Holding and other parties to sale its thermal assets in Apr-24.</li></ul><p><em>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.</em></p>

Engro Corporation (ENGRO) announced its 3Q2024 results today, reporting a profit attributable to equity owners of Rs5.7bn (EPS of Rs10.66), down 53% YoY. This came in line with our expectations. Adjusted for thermal assets, company posted EPS of Rs10.64, down 37% YoY.This took 9M2024 earnings to Rs11.9bn (EPS of Rs22.33) down 48% YoY. While EPS from continuing operations (adjusted for thermal business) clocked in at Rs19.73, up 9% YoY.To note, the company has entered into definitive agreement with Liberty Power Holding and other parties to sale its thermal assets in Apr-24.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 Corporation (ENGRO): 3Q2024 EPS at Rs10.64, down 37% YoY - Earnings in-line with expectations