The Engro Foods (EFOODs) on Friday announced full year net profit after tax (PAT) of Rs 2.386 billion in 2016 down by 25 per cent compared to the profit of Rs 3.162 billion in 2015.
The Board of Directors of the company released the audited financial results here on Friday at Pakistan Stock Exchange (PSX). The Engro Foods has announced cash dividend Rs 10 per share (including a one-time special dividend of Rs 9 per share i.e. 100 per cent) while it did not give any bonus or right shares to its shareholders during 2016.
The company showed its declining net sales of Rs 44.346 billion in 2016, down by 12.37 per cent compared to last year net sale of Rs 49.834 billion, while its gross profit went down by 14.8 per cent to Rs 10.038 billion.
