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.
|
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.
