Fan Milk Limited Announces Unaudited Earnings Results for the Nine Months Ended September 30, 2017
Fan Milk Limited announced unaudited earnings results for the nine months ended September 30, 2017. For the period, the company reported revenue was GHC 334,326,000 against GHC 275,271,000 a year ago. Operating profit was GHC 48,224,000 against GHC 56,070,000 a year ago. Net profit before tax was GHC 48,568,000 against GHC 61,253,000 a year ago. Net profit after tax was GHC 34,995,000 against GHC 45,918,000 a year ago. Earnings per share were GHC 0.30 against GHC 0.40 a year ago. Net cash generated from operating activities was GHC 28,546,000 against GHC 13,925,000 a year ago. Purchase of property, plant and equipment was GHC 30,975,000 against GHC 76,694,000 a year ago.