Engro Foods Ltd. profits fall 84.11% to Rs. 379.297 thousand

News Image

By MG News | February 12, 2018 at 11:26 AM GMT+05:00

0:00

Engro Foods today announced financial results for the year ending December 31st, 2017. Engro Foods has been struggling on the financial fronts after Engro Corp sold the company to Friesland. The company has struggled to post positive performance ever since the senior management changed at the company.

Company during the last year saw a 21% decline in the Net Sales, culminating into Gross Profit of Rs.  5.636 million against 2016’s GP of Rs. 10.015 million . Company’s operating profit also declined by more than 71% to 1.084 million, with help from 141% rise in other income.

Despite a 98.37% decline in Taxation, Engro Foods managed to post profits worth Rs. 379 thousand falling by more than 88% from last year’s tally of Rs. 2.386 million.

The company reported an EPS of Rs. 0.49 vs. an EPS of Rs. 3.11 during the year ending December, 2016. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Half Year Ended, December 31st 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR

Net Sales

34,653,486

43,878,347

-21.02%

Cost of Sales

29,017,336

33,863,131

-14.31%

Gross Profit

5,636,150

10,015,216

-43.72%

Distribution and Marketing Expenses

3,933,248

5,044,659

-22.03%

Administrative Expenses

852,099

920,998

-7.48%

Other Operating Expenses

121,870

332,244

-63.32%

Other Income

358,541

148,509

141.43%

Operating Profit

1,087,474

3,865,824

-71.87%

Finance Cost

524,497

348,038

50.70%

Profit before Taxation

562,977

3,517,786

-84.00%

Taxation

18,380

1,131,074

-98.37%

Profit for the period

379,297

2,386,712

-84.11%

Profit available for appropriation

972,516

8,259,180

-88.23%

EPS - Basic and diluted

0.49

3.11

-84.24%

Company release on Earnings Report can be accessed here.

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,010.00 110,525.00
107,865.00
-405.00
-0.37%
BRENT CRUDE 67.66 67.96
67.22
-0.64
-0.94%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.85 67.18
65.40
-1.15
-1.72%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 07, 2025 at 06:02 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg