# Engro Fertilizers Ltd making advancement in urea production

> Engro Fertilizers in Pakistan reported a 37% drop in 2016 comprehensive profit to Rs 9.3 billion, while urea off-take rose 8%. The company is expanding its urea manufacturing to reduce Pakistan's urea imports.

- Date: 2017-04-10 · published 2017-04-10T12:00:00.000Z
- Category: market · region Pakistan · magnitude low
- Page: https://feedsoft.ai/events/71811-engro-fertilizers-ltd-making-advancement-in-urea-production
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Expanded domestic urea output in Pakistan could reduce import demand, a mildly bearish factor for global urea prices.

## Read by commodity

- UREA: bearish ▼

## Sources

- pakistangulfeconomist.com: https://www.pakistangulfeconomist.com/2017/04/10/engro-fertilizers-ltd-making-advancement-in-urea-production/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.