BR Research
Engro Foods shines, but for investors not enough
Engro Foods seems to be living up to its image of being a successful business of the giant local conglomerate Engro Corp. Its financial resu
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================================================= Engro Foods ================================================= (Rs mn) 1HCY12 1HCY11 chg ================================================= Net sales 19,765 13,444 47% Cost of sales 14,922 10,622 40% Gross profit 4,843 2,822 72% Gross margin 24.5% 21.0% 17% Dist & marketing expenses 2,465 1,702 45% Operating profit 1,977 822 140% Operating margin 10.0% 6.1% 63% Finance costs 441 491 -10% Profit after taxation 1,018 216 370% Net margin 5.1% 1.6% 220% EPS (Rs) 1.35 0.30 =================================================
Source: KSE notice