In its Board of Directors meeting held on August 3^rd 2018, Engro Foods finalized its financial results for the half year ended June 30, 2018.

Compared to the half year ended June 2017, Engro Food’s net sales fell by 14.77%. Since cost of sales of the company fell by a greater margin of 17.93%, gross profit over the year improved by 0.31%.

The company’s other income more than doubled, increasing by about 106.4% over the year, leading to an operating profit growth of 23.73% over the year. However, due to an increase of 39.1% in its financing costs, the company’s profit before taxation grew by only 14.30%.

As a result of tax refunds to be received by the firm, profit after taxation for the period jumped up by 175.49%.

The company also declared earnings per share (EPS) of Rs 0.67 compared to Rs 0.24 during the half year ended June 2017, an increase of about 179.17%.

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