Engro Foods records about 500% rise in profit

Engro Foods once again performed strongly as profits rose about 500% to nearly Rs2 billion in the first half of 2015, the company’s financial report revealed on Friday. A subsidiary of Engro Corp – Pakistan’s largest private-sector conglomerate – the local foods giant reported an after-tax profit of Rs1.9 billion or Rs2.6 per share for the six-month period ended June 2015 compared to Rs329 million or Rs0.4 per share in the same period of last year.