RECORDER REPORT

KARACHI: Matco Foods Limited has posted Rs 308.066 million as profit after tax (consolidated) for the year ended June 30, 2018 (FY18) as compared to Rs 277.152 million earned in the corresponding period in FY17.

The companies earning per share increased to Rs 3.13 in the period under review against Rs 2.82 in the same period a year back.

The board of directors in its meeting held here on Thursday recommended a final cash dividend for the year at the rate of Rs 0.4 per share i.e. 4 percent. This is in addition to interim cash dividend already paid at Rs 0.3 per share of Rs 10 each i.e. 3 percent.

According to the financial results sent to Pakistan Stock Exchange, the company’s net sales increased to Rs 6.879 billion in FY18 against Rs 6.158 billion in FY17. The cost of sales increased to Rs 5.861 billion against Rs 5.178 billion.

The company’s profit before taxation increased to Rs 337.588 million in FY18 against Rs 350.228 million in FY17.