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.