Engro Foods reported a net profit of Rs1.1 billion for Jan-Mar 2016, up 4% from the same three-month period of 2015. The result was higher than market expectations. Bottom line growth on a quarterly basis clocked up at 97.5% mainly because of improved gross margins in Jan-Mar. The earnings report resulted in the Engro Foods stock closing up by 0.6% to Rs154.92 per share.