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Engro Foods Limited profits rise by 4.67 percent to Rs. 967.2 million

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Engro Foods Limited (EFOODS) today announced financial results for the three months period ending 31 March, 2018 reporting Sales at Rs. 7.144 billion; down 17.67 percent from same period last year. Furthermore, the company’s Gross Profit rose to Rs. 1.518 billion from Rs. 1.673 billion last year during the outgoing three months.

On the expenses front, EFOODS reported 10.90 percent decrease in Distribution and Marketing Costs, 17.10 percent decrease in Administrative Expenses, whereas, Other Operating Expenses incurred by the company went up by 18.39 percent during the period.

Furthermore, EFOODS also reported a 153.21 percent increase in Other Income reaching Rs. 120.308 million during the three months.

Engro Foods Limited reported profit after taxation at Rs. 967.200 million against Rs. 924.038 million during the same period last year translating into an EPS of Rs. 0.39 vs. an EPS of Rs. 0.43 during the three months ending March, 2017. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Three Months Ended, March 30th 2018

Key Financials

March, 2018

March, 2017

% Change

 

Amounts in PKR’ 000

Net Sales

7,144,026

8,677,099

-17.67%

Cost of Sales

5,625,988

7,003,175

-19.67%

Gross Profit

1,518,038

1,673,924

-9.31%

Distribution and Marketing Expenses

876,840

984,142

-10.90%

Administrative Expenses

191,445

230,934

-17.10%

Other Operating Expenses

38,371

32,411

18.39%

Other Income

120,308

47,513

153.21%

Operating Profit

531,690

473,950

12.18%

Finance Costs

132,468

56,315

135.23%

Profit before Taxation

399,222

417,635

-4.41%

Taxation

97,900

86,816

12.77%

Profit for the Period

301,322

330,819

-8.92%

Profit available for Appropriation

967,200

924,038

4.67%

EPS – Basic and Diluted

0.39

0.43

-9.30%

Company release on Earnings Report can be accessed here.

Posted on: 2018-04-27T11:03:00+05:00