Fan Milk Limited Announces Audited Earnings Results for the Year Ended December 31, 2017
Fan Milk Limited announced audited earnings results for the year ended December 31, 2017. For the year, the company reported revenue was GHC 445,963,000 against GHC 386,402,000 a year ago. Operating profit was GHC 63,503,000 against GHC 82,255,000 a year ago. Profit before income tax was GHC 63,818,000 against GHC 87,557,000 a year ago. Profit for the year was GHC 47,297,000 against GHC 66,128,000 a year ago. Basic and diluted earnings per share were GHC 0.41 against GHC 0.57 a year ago. Net cash generated from operating activities was GHC 42,805,000 against GHC 47,825,000 a year ago. Purchase of property, plant and equipment was GHC 49,111,000 against GHC 107,815,000 a year ago.