Engro Foods Ltd. profits fall 85% to 385 million

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By MG News | October 23, 2017 at 11:40 AM GMT+05:00

0:00
  • Engro Foods Ltd. Net Sales for the period decreased by 20%, amounting to a total of 27.1 billion Rupees during the Quarter ended September, 30th 2017
  • Company’s Gross Profit decreased by 46%
  • The Profit after tax for the period decreased 85% reaching 385 million compared to same period last year’s profit of 2.6 billion Rupees.
  • The company’s earnings per share reached 0.50 Rupees, down by 85%
Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30th 2017

Key Financials

2017

2016

% Change
 

Amounts in PKR ‘000

Net Sales

27,135,501

33,947,481

-20.07%

Cost of Sales

22,505,365

25,330,964

-11.15%

Gross Profit

4,630,136

8,616,517

-46.26%

Distribution and Marketing Expenses

3,185,659

3,582,337

-11.07%

Administrative Expenses

613,636

649,182

-5.48%

Operating Profit

982,910

4,175,457

-76.46%

Finance Costs

391,620

293,050

33.64%

Profit before Taxation

591,290

3,882,407

-84.77%

Taxation

205,532

1,287,623

-84.04%

Profit for the period

385,758

2,594,784

-85.13%

EPS - Basic and diluted

0.50

3.38

-85.21%

Company release on Earnings Report can be accessed here.

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