Pakistan Company News – Financial results of Engro Foods Limited for Quarter ended June 30, 2018

Financial results of Engro Foods Limited for Quarter ended June 30, 2018

Karachi, Engro Foods Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August03, 2018.

The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2018 which portrayed a profit of Rs. 209,974 with earnings per share 0.27 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Engro Foods Limited is a public limited company incorporated in Pakistan. The foundations of the company are formed under the Companies Ordinance, 1984. The business of the company is associated with manufacturing, processing and selling dairy products, juices, ice cream and frozen desserts. Besides this the company also owns and operates a dairy farm. The company operates internationally and is tagged as a halal food producer. The shares of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is located in Karachi.

The company is a subsidiary of Engro Corporation Limited. The company owns processing units located in Sukkur and Sahiwal. Most renowned brands to name a few of the company are Olper’s, Olwell, Tarang, Omore and Owsum.

The symbol “EFOOD” is being used by the stock exchange for the shares of Engro Food Limited.