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 |
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Key Financials |
2017 |
2016 |
% Change |
Amounts in PKR ‘000 |
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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.