National Foods’ profit after tax up by Rs583.276mn

RECORDER REPORT

KARACHI: The profit after tax of National Foods Limited has increased to Rs 583.276 million in the year ended June 30 (FY12) as compared to Rs 230.597 million earned in the corresponding period in FY11.

The company’s earning per share increased to Rs 14.07 in the period under review against Rs 5.56 in the same period last year.

The board of directors of the company in its meeting, held here on September 6, recommended a final cash dividend for the year at Rs 6 per share.

According to the financial results sent to Karachi Stock Exchange, the company’s sales increased to Rs 7.168 billion in FY12 against Rs 5.52 billion in FY11. The cost of sales increased to Rs 4.837 billion against Rs 3.946 billion.

The company’s distribution cost increased to Rs 1,187.15 million against Rs 886.106 million, administrative expenses increased to Rs 203.608 million against Rs 179.724 million while other operating expenses increased to Rs 76.031 million against Rs 32.767 million.

The company’s profit before taxation increased to Rs 836.249 million in FY12 against Rs 361.751 million in FY11.