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

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.

Posted on: 2018-04-25T10:14:00+05:00