Engro Polymer & Chemicals Limited (EPCL) held a corporate briefing session outlining its financial performance and market outlook for the first half of 2026.
- Revenue for 1H 2026 reached PKR 39,257M, a 4% increase year-on-year, driven by higher global PVC prices.
- Gross profit surged by 282% to PKR 4.6B, reflecting improved operational efficiency.
- Profit after tax turned positive at PKR 1.6B, compared to a loss of PKR 3.2B in the previous year.
- The company reported a significant increase in other income, up 912% due to a remeasurement gain on investments.
- PVC sales volume decreased by 4% due to market uncertainties, but the outlook for the second half remains optimistic with expected government support for the housing sector.
- The cost of sales fell by 5%, attributed to efficient plant operations and a reduction in gas levy impacting margins positively.
- EPCL is actively managing raw material availability amid geopolitical tensions affecting supply chains.
- The company is focusing on cash conversion and cost optimization strategies to enhance profitability further.