Earnings Report: National Foods Ltd. (PSX: NATF) today reported Financial Results for the Twelve months ended June 30, 2017

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National Foods Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period increased by 12.28 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 27.3 percent.

The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 85% i.e. Rs 4.25/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Year Ended

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Sales

14,801,551

13,183,185

12.28%

Cost of Sales

9,910,969

8,937,467

10.89%

Gross Profit

4,890,582

4,245,718

15.19%

Dist: Costs

2,974,259

2,518,730

18.09%

Admin Costs

515,421

505,866

1.89%

Other Expenses

100,373

97,681

2.76%

Other Income

81,056

55,850

45.13%

Operating Profit

1,381,585

1,179,291

17.15%

Finance Costs

68,567

67,338

1.83%

Profit before Taxation

1,313,018

1,111,953

18.08%

Net Taxation

328,121

338,277

-3.00%

Profit for the year

984,891

773,676

27.30%

Total  Comprehensive Income for the year

980,836

762,953

28.56%

EPS – Basic & Diluted

9.51

7.47

27.31%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-12T10:11:00+05:00

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