Engro Foods Ltd. profits fall 85% to 385 million
By MG News | Category Equity | October 23, 2017 at 11:40 AM GMT+05:00
- 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%
| 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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