Engro Foods profits surge

KARACHI: Engro Foods Limited has announced a profit-after-tax of Rs0.908 million, translating into the earnings per share (EPS) of Rs1.19 for the quarter ended June 30, 2015, a company statement said on Friday.
The company’s profitability jumped 733 percent as compared to the corresponding quarter last year where it had posted a net profit of Rs0.109 million and EPS of 14 paisas.
Engro Foods did not announce any payouts along with the corporate earnings.
According to condensed statement, the sales revenue for the quarter under review stood at Rs12.321 million as against the sales of Rs9.818 million in the same quarter last year.
For the half-year ended June 30, Engro Foods’ profits stood at Rs1.977 million and EPS at Rs2.58 as against the profit of Rs0.329 million and EPS of 43 paisas.