The company’s revenues increased by 20% to Rs8 billion in the nine-month period compared to Rs6.7 billion in the corresponding period of FY13. STOCK IMAGE
Driven by volumetric growth, National Foods boosted its net earnings by nearly a fifth during the nine-month period that ended on March 31, 2015, according to an official notification sent to the Karachi Stock Exchange on Friday.
Arguably the country’s biggest maker of spices and pickles for over 30 years, the company reported an after-tax profit of Rs618 million or Rs6 per share during the period, up 19% compared to Rs519 million or Rs5 per share it earned during the first nine months of fiscal year 2014.
The quarterly results were even stronger with profits increasing by 24% to Rs173 million or Rs1.67 per share during July-March period of FY15 compared to Rs139 million or Rs1.34 per share of the same period of FY14.
The company’s revenues increased by 20% to Rs8 billion in the nine-month period compared to Rs6.7 billion in the corresponding period of FY13. On a quarterly basis, revenues clocked in at Rs2.5 billion in Jan-March 2015, up 17% compared to Rs2.1 billion of the same quarter last year.
Published in The Express Tribune, April 25th, 2015.
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