Material Information of National Foods Limited

Karachi, National Foods Limited informed Pakistan Stock Exchange that the Company’s wholly owned subsidiary i.e. National Food DMCC based in Dubai through its further subsidiary i.e National Epicure Inc. has established a further subsidiary namely National Epicure USA Inc. in USA.

National Foods Limited was incorporated in Pakistan on 19 February 1970 as a private limited company and subsequently converted into a public limited company. The parent entity of the Company is Associated Textile Consultants (Private) Limited. The Company is principally engaged in the manufacture and sale of convenience based food products.

The total number of shares are 186,492,343. The Earnings per shares of the Company is 7.40 in 2020 which was 7.31 in 2019. The Profit after Taxation is 1,104,502,000 in 2020 which was 1,090,862,000 in 2019.