Friesland Campina Engro Pakistan Limited announced its financial results for Q3, 2023, revealing strong top-line growth of 40% despite the challenging operating environment and economic slowdown. The Company generated revenue of Rs 73.8 billion for the nine months ended, compared to Rs. 52.8 billion in the same period last year, fueled by both volume and value growth.
The Company witnessed gross profit growth of 23 %, while the gross margin declined by 200 bps due to inflationary pressure on commodities and energy prices.
However, the profit after tax (Rs. 1.57 billion vs. Rs.1.77 billion in the same period last year) as a percentage of sales declined by 121 bps due to a significant increase in finance costs and taxation.
