Engro Holdings Limited saw its profit grow by 17.28% in 2024, reaching Rs43.24 billion by the end of the year. This is a significant increase from the Rs36.87 billion profit the company made in 2023.
The company’s revenue also went up by 13.85% compared to the previous year, bringing in Rs406.17 billion in 2024. However, despite this revenue growth, Engro’s operating profit actually went down by 3.86%.
The company faced some challenges, such as higher finance costs and a decrease in other income. Still, Engro managed to achieve strong profit growth, thanks largely to impressive earnings from its discontinued operations.
Overall, despite a mixed financial environment, Engro Holdings delivered solid profit growth and demonstrated resilience in 2024.
