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Engro Foods to announce result on 17th
 
July 13, 2012
 
 

LAHROE - Engro Foods is scheduled to announce its 1H2012 financial result on July 17, 2012. The company is expected to post PAT of Rs1,098mn (EPS: Rs1.45) in 1H2012, compared to PAT of Rs217mn (EPS: Rs0.29) in the same period last year. In 2Q alone, the earnings are expected to register at Rs612mn (EPS: Rs0.81), up 26%QoQ. The growth is primarily derived from the dairy and juices segment. On the other hand, the bottom line of the ice cream business is still likely to remain in the red zone despite volumetric growth.

Furthermore, EFOODS has introduced a new product line Omung Lassi, however, to gauge its impact on the profitability of the company we will have to wait for the public response. We currently have a ‘Hold’ stance on the stock with the 2012E PE of 25.3x.

 
 
on epaper page 17
 
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