Engro Foods Annual Report

Yesterday, Engro - abbreviated from ≈Energy for GrowthΔ - was a fertilizer brand of Exxon Chemical Pakistan Limited. Today, Engro is a vibrant growing enterprise fueling wheels of Pakistan»s growth in diverse sectors. Tomorrow, Engro shall continue passionate pursuit of new frontiers of growth.

our

Vision

To be the premier Pakistani enterprise with a global reach, passionately pursuing value creation for all stakeholders.

Contents

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Energy for Growth - Highlights Key Figures Company Information Energy for Growth - Montage Notice of Meeting Board of Directors Directors» Report Key Shareholding and Shares Traded Pattern of Holding of Shares Shareholder Information Statement of Compliance Review Report Auditors» Report to the Members on Compliance with Employee Share Option Scheme Auditors» Report Balance Sheet Profit & Loss Account Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements Consolidated Financial Statements Auditors» Report Consolidated Balance Sheet Consolidated Profit and Loss Account Consolidated Statement of Changes in Equity Consolidated Cash Flow Statement Notes to the Consolidated Financial Statements Core Values Corporate Governance Principal Board Committees Ten Years at a Glance Proxy Form

Energy for Growth

2008 was another record breaking year; we delivered our strongest results to date with profits after tax of Rs 4,240 million. Despite a year of international economic upheaval our growth remained steady, with all our expansion projects on track. Safety remained of prime importance in our base operations as well as expansion initiatives.

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Urea expansion project continues to achieve its set milestones. The project is expected to start commercial projection by July 2010. Engro Polymer's back integration project remains on track for completion in first half of 2009. Meanwhile, capacity...