National Foods PAT increases to Rs 984.897 million

The profit after tax (PAT) of National Foods Limited increased to Rs 984.897 million in the year ended June 30, 2017 (FY17) as compared to Rs 773.676 million earned in FY16. The company's earning per share increased to Rs 9.51 in the period under review against Rs 7.47 in the same period a year back.
The company's board of directors in its meeting held here recommended a final cash dividend for the year at Rs 4.25 per share ie 85 percent. According to the financial results sent to Pakistan Stock Exchange the company's sales increased to Rs 14.801 billion in FY17 against Rs 13.183 billion in the same period last year while cost of sales increased to Rs 9.910 billion against Rs 8.937 billion. The company's profit before tax increased to Rs 1.313 billion in FY17 as compared to Rs 1.111 billion earned in FY16.