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.
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.
