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 30th 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.
