National Foods' earnings jump by 130% on account of improved top-lines
By MG News | February 20, 2019 at 10:30 AM GMT+05:00
February 20, 2019 (MLN): National Foods Limited (NATF) has announced its consolidated profits for the period ended December 31, 2018, at Rs. 808 million, i.e. nearly 130% higher than the profits earned in corresponding period last year.
This robust growth in earnings was caused by improved core and non-core income of the company, which grew by 13.8% and 719% respectively.
The company declared an Earning per share (EPS) of Rs. 6.22 for the aforementioned period, 134% higher than that of same period last year.
| Profit and loss account for the six months ended December 31 2018 (Rupees'000) | |||
|---|---|---|---|
|
| Dec-18 | Dec-17 | % Change |
| Sales | 11,511,645 | 10,111,962 | 13.84% |
| Cost of sales | -8,072,645 | -6,965,121 | 15.90% |
| Gross profit | 1,439,000 | 3,146,841 | -54.27% |
| Distribution costs | -1,771,083 | -1,983,998 | -10.73% |
| Impairment loss on trade debts | -5,400 |
|
|
| Administrative expenses | -595,670 | -482,822 | 23.37% |
| Other expenses | -54,917 | -63,264 | -13.19% |
| Other income | 143600 | 17,517 | 719.78% |
| Operating profit | 1,155,530 | 634,274 | 82.18% |
| Finance costs | -112,681 | -85,717 | 31.46% |
| Profit before taxation | 1,042,849 | 548,557 | 90.11% |
| Taxation - net | -4272 | 119 |
|
| Profit after tax | 808,572 | 351,151 | 130.26% |
| Earnings per share (basic and diluted) | 6.22 | 2.65 | 134.72% |
Copyright Mettis Link News
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 | 108,125.00 | 110,525.00 107,865.00 |
-2290.00 -2.07% |
| BRENT CRUDE | 68.51 | 68.89 67.75 |
-0.29 -0.42% |
| 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 | 66.50 | 67.18 66.04 |
-0.50 -0.75% |
| SUGAR #11 WORLD | 16.37 | 16.40 15.44 |
0.79 5.07% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Central Government Debt
CPI
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|