Earnings Report: National Foods Ltd. (PSX: NATF) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 12, 2017 at 10:11 AM GMT+05:00

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National Foods Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period increased by 12.28 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 27.3 percent.

The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 85% i.e. Rs 4.25/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Sales	14,801,551	13,183,185	12.28%
Cost of Sales	9,910,969	8,937,467	10.89%
Gross Profit	4,890,582	4,245,718	15.19%
Dist: Costs	2,974,259	2,518,730	18.09%
Admin Costs	515,421	505,866	1.89%
Other Expenses	100,373	97,681	2.76%
Other Income	81,056	55,850	45.13%
Operating Profit	1,381,585	1,179,291	17.15%
Finance Costs	68,567	67,338	1.83%
Profit before Taxation	1,313,018	1,111,953	18.08%
Net Taxation	328,121	338,277	-3.00%
Profit for the year	984,891	773,676	27.30%
Total Comprehensive Income for the year	980,836	762,953	28.56%
EPS - Basic & Diluted	9.51	7.47	27.31%

Company release on Earnings Report can be accessed here.

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