National Foods profit after tax increases

KARACHI: The profit after tax of National Foods Limited has increased to Rs
230.597 million in the year ended June 30, 2011 (FY11) as compared to Rs 86.559 million earned in FY10. The company’s earning per share increased to Rs 5.56 in the period under review against Rs 2.09 in the same period last year.

The board of directors of the company in its meeting held here on September 16, 2011 recommended a final cash dividend for the year at Rs 2.50 per share i.e. 25 percent. According to the financial results sent to Karachi Stock Exchange, the company’s sales increased to Rs 5.520 billion in FY11 against Rs 4.489 billion in FY10. The cost of sales increased to Rs 3.946 billion against Rs 3.163 billion. The company’s profit before taxation increased to Rs 361.751 million in FY11 against Rs 159.181 million earned in FY10.

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