National Foods Limited profit after tax increases

KARACHI: The profit after tax of National Foods Limited (NFL) has increased to Rs 89.022 million in the quarter ended September 30, 2011 as compared to Rs 27.848 million earned in the corresponding period in 2010.

The board of directors of the company in its meeting held here on October 27, 2011 declared that the company’s earning per share has increased to Rs 2.15 in the period under review against Re 0.67 in the same period last year.

According to the financial results sent to Karachi Stock Exchange, the company’s net local sales increased to Rs 1.839 billion in this quarter against Rs 1.344 billion in the same quarter last year, while export increased to Rs 161.650 million against Rs 139.015 million. The cost of sales increased to Rs 1.388 billion against Rs 1.058 billion.

The company’s profit before taxation increased to Rs 131.637 million in this quarter against Rs 45.389 million in the same quarter last year.

Leave a Reply