National Foods posts Rs199.82mn post-tax profit

RECORDER REPORT

KARACHI: The after tax profit of National Foods Limited has increased to Rs 199.822 million in the three month period ended September 30 this year against Rs89.022 million earned in the corresponding period in 2011.

In its meeting held on October 22, the company’s board of directors declared that the company’s earning per share increased to Rs4.82 in the period under review against Rs2.15 in the same period last year.

According to the financial results sent to Karachi Stock Exchange, the company’s net local sales increased to Rs2.172 billion in this period against Rs1.839 billion in the same period last year while export increased to Rs176.221 million against 161.65 million. The cost of sales increased to Rs1.519 billion against Rs1.388 billion.

The company’s profit before taxation increased to Rs329.136 million in this quarter against Rs131.637 million in the same period last year.