Karachi October 24 2022: Fauji Foods Limited (FFL) quarterly sales crossed PKR 3 billion mark for the first time since inception, according to company filing to the exchange.
The topline of the company witnessed at PKR 3,275 million with growth of 50 percent, the highest for any quarter since 2017.
However, company reported loss of PKR 690.4 million in third quarter of 2022, which is 59.6 percent greater when compared with loss of PKR 432.4 million during the corresponding period last year.
Company reported higher loss due to increase in raw material prices and finance cost. Company reported gross margins increased to 3.15 percent during the quarter when compared with the previous quarter margins of 0.42 percent.
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