Engro Foods announced Financial Results for the year half year ended June 30, 2017.
The company’s Net Sales for the period decreased by 22 percent, whereas the Profit after Taxation for the Period also decreased 91 percent.
The board issued no dividend for the period; the company issued no right or bonus shares.
Company’s dividend for the quarter stood at -0.19 against 2.56 for the same quarter last year.                                                                                                                Â
Comparison of Key Financials:
|
Condensed Interim Profit and Loss Account – For the half year Ended |
|||
|
Key Financials |
June 30, 2017 |
June 30, 2016 |
% Change |
|
Net Sales |
18,004,707 |
23,100,030 |
-22% |
|
Cost of Sales |
14,879,230 |
16,722,581 |
-11% |
|
Gross Profit |
3,125,477 |
6,377,449 |
-51% |
|
Operating Expenses |
2689799 |
3,237,061 |
-17% |
|
Other Income |
147,618 |
56,177 |
163% |
|
Operating Profit |
583,296 |
3,196,565 |
-82% |
|
Finance Costs |
221,857 |
213,647 |
4% |
|
Profit before Taxation |
361,439 |
2,982,918 |
-88% |
|
Taxation |
175,845 |
1,021,588 |
-83% |
|
Profit/(loss) for the period |
185,594 |
1,961,330 |
-91% |
|
Profit Available for appropriation |
778,813 |
7,833,798 |
-90% |
|
Earnings/(Loss) per share – basic and diluted |
0.24 |
2.56 |
-91% |
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The complete statements can be accessed here.
