Business

National Foods makes Rs529m profit

Revenues of the company for the July-December period increased by 18% to Rs6.6 billion

Our Correspondent February 16, 2016

KARACHI: National Foods increased its net earnings by almost one-fifth to more than Rs0.5 billion in the six-month period ended December 31, 2015, according to a notification sent to the Pakistan Stock Exchange on Tuesday.

One of the country’s biggest producers of spices and pickles, National Foods reported an after-tax profit of Rs529 million or Rs5.10 per share for July-December 2015, up 19% compared to Rs443 million or Rs4.28 per share it earned in the comparable period of 2014.

However, the company’s stock, which traded at Rs295 per share the previous day, fell by Rs8 or 2.7% to settle at Rs287 per share at the close of market on Tuesday with 5,700 shares changing hands.

Revenues of the company for the July-December period increased by 18% to Rs6.6 billion compared to Rs5.6 billion in the corresponding period of 2014.

Published in The Express Tribune, February 17^th, 2016.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.