Fauji Foods Limited reported a loss of PKR 1,253 million during the first half of 2022 against a loss of PKR 758 million in the same period last year, according to the company filing to the exchange.
Fauji Foods Limited was incorporated in Pakistan on 26 September 1966 as a Public Company. The company is the subsidiary of Fauji Fertilizer bin Qasim Limited. It is principally engaged in the processing and sale of toned milk, milk powder, fruit juices, allied dairy, and food products.
FFL share price declined 2 paise or 0.32 percent to trade at PKR 6.27 per share on 22nd July 2022. The company reported a gross profit of PKR 178 million against a gross profit of PKR 545 million in the last year as sales of the company grew by six percent.
The deterioration in the company’s performance came on the back of increased costs due to higher commodity prices, and higher marketing expenses.
