Karachi January 25 2022: Fauji Food limited loss decreased by approximately 59 percent during the year 2021 to PKR 1,253 million on improved core business profitability of the company as per company’s filling at the exchange.
During the year 2021, net revenue stood at PKR 8,586 million compared to PKR 7,374 million in the last year, leading to gross profit of PKR 921 million, which is 1,365 percent higher compared to gross profit of PKR 63 million during corresponding period of last year.
The loss after tax for 2021 reduced to PKR (1,253) million, compared with PKR (3,060) million in the corresponding period of last year reduced by 59 percent.
A L S O || R E A D
During 2021, business activity continued to be impacted by covid-19 pandemic and imposition of related lockdowns and restrictions on business activities. However, the Company made effective efforts to ensure all safety measures, while maintaining our food supply chain, meeting our customer requirements and developing consumer demand.
The Company continues to consolidate gains and is further growing thier business momentum and trajectory. The Company is shaping a successful business model by implementing a focused strategy which includes strengthening innovation/renovation, portfolio management, driving visibility and availability, working effectively with customers and distributors, strengthening our milk collecting system, and improving operational efficiency across our value chain.
During 2021, the company’s input and overhead costs saw some pressure due to inflation. However, increased costs were managed through cost management initiatives which are being implemented across company’s value chain related to both variable and fixed costs. Company’s focus also remains on making NURPUR and DOSTEA the brands of people’s choice.