FFL’s losses surge to Rs1.25bn in 1HCY22

News Image

MG News | July 22, 2022 at 03:45 PM GMT+05:00

July 22, 2022 (MLN): The net losses of Fauji Foods Limited (PSX: FFL) have expanded by 65% YoY for the half year ended on June 30, 2022 to clock in at Rs1.25 billion (LPS: Rs0.79), compared to the losses incurred in 1HCY21 Rs758 million (LPS: Rs0.97) as per the financial statement revealed by the company on Friday.

The topline of the company witnessed a meagre increase of 6.8% YoY as the revenue in 1HCY22 stood at around Rs4.8bn compared to Rs4.5bn in 1HFY21. However, the cost of revenue remained 16% higher during the same period which has suppressed the gross profit of the company by 67% YoY.

Though company has strengthened its retail network in northern regions and it is also penetrating the southern market by enhancing its footprint in Karachi, the rise in energy/fuel prices badly impacted the cost of sales.

With regards to the major expenses, the company observed a 39% increase in terms of marketing and distribution expenses to clocked in at Rs677mn in 1HCY22 while the administrative expenses moved up by 19% YoY to stand at Rs209mn during the period under review.

Meanwhile, the finance cost of the company has dropped by 10.6% to register at Rs565.36mn in 1HCY22, compared to Rs635.64mn in 1HCY21.

The other income of the company surged by 33% during the period to lock in at Rs81mn, while the company observed a decline of 11.3% in terms of taxes during the period under review.

 

Profit and Loss Account for the half year ended June 30, 2022 (Rs)

 
 
 

Jun-22

Jun-21

% Change

 

Revenue from contracts with customers- net

4,796,600,579

4,492,567,510

6.8%

 

Cost of revenue

(4,617,830,795)

(3,947,404,620)

17.0%

 

Gross profit

178,769,784

545,162,890

(67.2%)

 

Marketing and distribution expenses

(677,842,757)

(487,329,098)

39.1%

 

Administrative expenses

(209,373,196)

(175,760,450)

19.1%

 

Loss from operations

(708,446,169)

(117,926,658)

500.8%

 

Other income

81,663,532

61,431,519

32.9%

 

Finance cost

(565,363,055)

(632,641,756)

(10.6%)

 

Loss before taxation

(1,192,145,692)

(689,136,895)

73.0%

 

Taxation

(61,327,393)

(69,152,067)

(11.3%)

 

Loss for the period

(1,253,473,085)

(758,288,962)

65.3%

 

Loss per share - basic and diluted (in Rupees)

(0.79)

(0.97)

(18.6%)

 

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 173,962.82
313.69M
1.30%
2237.52
ALLSHR 104,178.62
550.40M
0.93%
964.13
KSE30 52,166.33
164.58M
1.26%
649.19
KMI30 250,496.48
141.11M
1.59%
3930.77
KMIALLSHR 67,844.06
318.73M
1.20%
801.29
BKTi 47,430.11
44.68M
0.28%
130.40
OGTi 36,386.96
9.01M
0.13%
45.59
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 73,715.00 73,760.00
73,715.00
0.00
0.00%
BRENT CRUDE 91.89 92.95
89.93
-0.81
-0.87%
RICHARDS BAY COAL MONTHLY 117.00 0.00
0.00
-0.75
-0.64%
ROTTERDAM COAL MONTHLY 130.25 131.75
130.00
-0.20
-0.15%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 87.76 89.02
86.35
-1.14
-1.28%
SUGAR #11 WORLD 14.07 14.35
13.90
0.14
1.01%

Chart of the Day


Latest News
May 29, 2026 at 09:44 PM GMT+05:00

SBP reserves rise $66m to $17.15bn


May 29, 2026 at 08:19 PM GMT+05:00

Petrol, HSD prices drop Rs22 per litre


May 29, 2026 at 07:19 PM GMT+05:00

Sindh, World Bank review Karachi water network


May 29, 2026 at 05:06 PM GMT+05:00

PSX Closing Bell: Bulls Come Out Swinging



Top 5 things to watch in this week

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