Engro Chemical profit likely to increase over 50 %

Engro Chemical profit is expected to increase by over 50 percent due to hiked prices of urea in the year 2008 and additional income from the subsidiary units.

According to a report, Engro Chemical profit is expected to increase by 53 percent and amount to Rs4.80 billion, while the per share income works out to Rs22.70. Analysts expecting announcement of Rs2/3 per share profit for the
shareholders in the final results.

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