National Foods witnesses an 83% growth in profits during 1HFY21 despite higher expenses

14:19
February 19, 2021
MG

February 19, 2021 (MLN): National Foods Limited has posted earnings of Rs. 944 million (EPS: 4.4) for the half-year ended December 31, 2020, i.e. nearly 83% higher as compared to the earnings of the same period last year.

The revenue of the company rose by around 17.2% whereas cost of sales increased by 17%, resulting in a 17% growth in gross profits. However, the impact of these positive changes was limited by increase in administrative expenses by 18%, non-core expenses by 14%, and a decline in other income by 59%.

Further strain was caused by an increase in finance costs by 4.3%, as well as income tax expense by 14.3%.

Consolidated Financial Results for the Half-Year ended December 31, 2020 (Rupees in '000)
	Dec-20	Dec-19	% Change
Sales	16,070,773	13,716,280	17.2%
Cost of sales	(11,510,870)	(9,827,160)	17.1%
Gross profit	4,559,903	3,889,120	17.2%
Distribution expenses	(2,436,638)	(2,391,939)	1.9%
Impairment loss on trade debts		12,700
Administrative expenses	(721,542)	(609,742)	18.3%
Other expenses	(48,819)	(42,948)	13.7%
Other income	30,970	76,361	-59.4%
Finance cost	(159,573)	(153,053)	4.3%
Profit before taxation	1,224,301	780,499	56.9%
Taxation	(280,293)	(245,273)	14.3%
Profit after tax	944,008	535,226	76.4%
Earnings per share	4.4	2.4	83.3%

Copyright Mettis Link News

Posted on: 2021-02-19T19:19:00+05:00

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3	GBP	1.25040	1.25060	1.25060	1.25040	11:18 PM
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5	JPY	155.54400	155.55600	155.55600	155.54400	11:18 PM
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7	AUD	0.65249	0.65255	0.65255	0.65249	11:18 PM
8	INR	83.28180	83.29530	83.29530	83.28180	11:18 PM
9	SAR	3.75050	3.75070	3.75070	3.75050	08:18 AM
10	AED	3.67280	3.67310	3.67310	3.67280	08:18 AM
11	HKD	7.82960	7.82970	7.82970	7.82960	11:18 PM
12	CNH	7.25969	7.26012	7.26012	7.25969	11:18 PM
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20	TRY	32.52810	32.53810	32.53810	32.52810	11:18 PM
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22	ZAR	19.01870	19.02810	19.02807	19.01867	11:18 PM
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25	ARS	873.74400	873.75400	873.75400	873.74400	11:18 PM
26	BDT	108.04100	111.39600	111.39646	108.04059	09:00 PM
27	BHD	0.37697	0.37701	0.37701	0.37697	03:42 AM
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30	KWD	0.30749	0.30809	0.30809	0.30749	08:16 AM
31	LKR	293.66700	300.19200	300.19250	293.66718	09:00 PM
32	OMR	0.38497	0.38500	0.38500	0.38497	03:41 AM
33	QAR	3.64600	3.64900	3.64900	3.64600	08:17 AM
34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
35	AFN	71.18150	73.04590	73.04591	71.18154	09:00 PM
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40	PHP	57.80800	57.82500	57.82500	57.80800	11:18 PM
42	NGN	1,279.52000	1,280.52000	1,280.52000	1,279.52000	08:24 PM
43	KES	134.00000	136.00000	136.00000	134.00000	08:24 PM
44	AMD	361.96900	417.90000	417.89987	361.96859	09:00 PM
45	TWD	32.54500	32.55000	32.55000	32.54500	11:18 PM
46	XAU	2,332.61000	2,333.04000	2,333.04000	2,332.61000	11:17 PM
47	XAG	27.40760	27.41880	27.41880	27.40760	11:17 PM
48	XPT	921.50000	923.90000	923.90000	921.70000	08:17 AM
49	XPD	988.78700	994.11300	994.11310	988.78680	08:18 AM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,766.97000	3,850.87000	3,850.86857	3,766.97165	09:00 PM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	08:24 PM

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,593.25	71,971.401	71,700.54	-80.491	-0.112	424,080,014.0	16,729,754,250.360	25/04/2024 04:13 PM
ALLSHR	47,464.49	47,174.954	47,022.84	2.137	0.005	798,226,277.0	27,520,277,864.490	25/04/2024 04:13 PM
KSE30	23,911.80	23,749.046	23,630.38	-58.772	-0.247	100,632,233.0	10,911,348,299.790	25/04/2024 04:13 PM
KMI30	122,036.66	120,902.956	120,348.15	-259.501	-0.214	165,495,684.0	10,488,159,680.390	25/04/2024 04:13 PM
KMIALLSHR	33,911.61	33,699.441	33,542.23	42.921	0.128	560,837,784.0	22,833,398,111.890	25/04/2024 04:13 PM
BKTi	17,958.27	17,872.359	17,710.29	-16.250	-0.091	19,765,810.0	2,463,980,003.790	25/04/2024 04:13 PM
OGTi	17,084.78	17,031.061	16,828.32	74.488	0.439	14,111,722.0	2,057,880,884.130	25/04/2024 04:13 PM

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,985.0	65,390.0	64,510.0	285.00
BRENT CRUDE	EB	89.3	89.5	89.2	0.31
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-0.70
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USD RBD PALM OLEIN	POL	860.0	860.0	860.0	0.00
CRUDE OIL – WTI	QCL	83.8	84.0	83.7	0.27
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