LAHORE - The Lahore Chamber of Commerce and Industry will participate in 14th MUSIAD International Fair and 16th International Business Forum Congress being held in Istanbul on October 11-14, 2012 under the patronage of Recep Tayyip Erdogan, PM of Turkey.

The understanding was reached during a 3-member MUSIAD delegation meeting with LCCI President Irfan Qaiser Sheikh, Senior Vice President Kashif Younis Meher and Vice President Saeeda Nazar.

The Turkish delegation comprising MUSIAD Chairman of Foreign Relations Commission Sevket Can Tulumen, Coordinator Foreign Relations Abdulkadir Sicakyuz and Commercial Consular in Turkish Embassy Cezmi Besogul spent well over an hour at the LCCI and threw light on the Fair-Congress event and its importance for all the Muslim countries.

Engro Foodsprofit: Engro Foods (EFOODS) reported PAT of R532m for 2QCY12, up by remarkable 437 per cent YoY and 10 per cent QoQ.

For 1HCY12, the company reported PAT of Rs1,018m, representing notable YoY growth of 370pc. Sales revenue for 1HCY12 grew by encouraging 47pc YoY to Rs19,765m, whereas 2QCY12 revenue clocked in at Rs 10,099m (up by 43pc YoY and 5pc QoQ). 2QCY12 gross margins for the company clocked in 228bps higher QoQ to 25.6pc thanks to higher prices for premium ‘Olpers’ brand. Gross Margins for 1HCY12 were higher by 351bps YoY to 24.5pc.