The company witnessed a decline in profit after tax of Rs. 194 million vs last year (Rs. 1.765 billion vs Rs. 1.959 billion) on the back of higher finance costs due to an increase in interest rates and higher taxation due to the imposition of Super Tax.
FrieslandCampina Engro Pakistan Limited reported revenue of Rs. 52.8 billion for the nine months ended, showcasing a 37 percent increase versus the same period last year, led by volume growth, mix improvement, and distribution expansion. Operating profit reflected a growth of Rs. 500 million vs last year.
With a growth of 36.4 percent versus last year, the segment reported a revenue of Rs. 46.1 billion. Olper’s led the growth in the segment along with strengthening its market leadership position through consistent brand building and trade activities. A significant expansion was witnessed in the retail footprint and E-Commerce channel during the quarter.
The segment will continue to explore new channels and routes to markets to serve its customers effectively and efficiently.
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