Engro Foods announces Rs 889mln profit for 2014

KARACHI: The Board of Director, Engro Foods Limited has announced its year end performance with a profit after tax of Rs 889 million for the year ending December 31, 2014 compared to Rs 211 million in 2013.

Engro Foods’ revenue for 2014 grew to Rs 43  billion as compared to Rs 37.9 billion in 2013 exhibiting a growth of 14 per cent, said a statement on Tuesday.

It said that effective investment on brands and efficient product mix management remained key elements in the achievements of growth in topline of 2014.