Karachi July 28 2023: Fauji Foods Limited reported loss of PKR 758 million during the 1H 2021 against loss of PKR 1,779 million in the same period last year.
The improvement in company’s performance came on the back of significant improvement in sales and controlled operating expenses. Company also got benefit of reduction in discount rate as its financial cost remained half.
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The stock drops more than one and a half percentage after the announcement from 20.7. The stock gained 83.7 percent in one year, as per data provided by Pakistan Stock Exchange.