National Foods Limited profits fall by 21.83 percent to Rs. 524.592 million

MG News | April 25, 2018 at 10:14 AM GMT+05:00

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National Foods Limited (NATF) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales at Rs. 11.438 billion; an increase of 11.04 percent. Furthermore, the company’s Gross Profit rose to Rs. 3.988 from Rs. 3.361 billion last year during the outgoing nine months.

On the expenses front, NATF reported 33.60 percent decrease in Distribution Costs, 37.78 percent increase in Administrative Expenses, whereas, other expenses incurred by the company went down by 13.75 percent during the period.

Furthermore, NATF also reported a 76.90 percent increase in Other Income reaching Rs. 27.514 million during the nine months.

National Foods Limited reported profit after taxation at Rs. 524.592 billion against Rs. 671.100 million during the same period last year translating into an EPS of Rs. 5.06 vs. an EPS of Rs. 6.48 during the nine months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR’ 000
Sales	11,438,202	10,300,750	11.04%
Cost of Sales	7,449,234	6,938,866	7.36%
Gross Profit	3,988,968	3,361,884	18.65%
Distribution Costs	2,500,796	1,871,886	33.60%
Administrative Expenses	556,990	404,251	37.78%
Other Expenses	63,466	73,580	-13.75%
Other Income	27,514	15,553	76.90%
Operating Profit	895,229	1,027,720	-12.89%
Finance Costs	89,008	50,174	77.40%
Profit before Taxation	806,221	977,546	-17.53%
Taxation	281,629	306,446	-8.10%
Profit after Taxation	524,592	671,100	-21.83%
EPS - Basic and diluted	5.06	6.48	-21.91%

Company release on Earnings Report can be accessed here.

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