National Foods records 71% growth in nine-monthly profits

Mar-19

Mar-18

% Change

Sales

                       17,225,380

                       15,224,657

13.14%

Cost of sales

                     (12,158,567)

                     (10,434,000)

16.53%

Gross profit

                          5,066,813

                          4,790,657

5.76%

Distribution cost

                       (2,839,713)

                       (3,073,800)

-7.62%

Impairment loss on trade debts

                                (5,400)

                                         -  

Administrative expenses

                           (869,039)

                           (652,800)

33.12%

Other expenses

                             (68,790)

                             (57,808)

19.00%

Other income

                             144,588

                                22,318

547.85%

Operating profit

                          1,428,459

                          1,028,567

38.88%

Finance costs

                           (204,954)

                           (146,510)

39.89%

Profit before taxation

                          1,223,505

                             882,057

38.71%

Taxation - net

                           (231,690)

                           (302,000)

-23.28%

Profit after tax

                             991,815

                             580,057

70.99%

Basic and diluted earnings per share - Rupees

                                    7.62

                                    4.48

70.09%