Fan Milk Limited Reports Audited Earnings Results for the Year Ended December 31, 2016
Fan Milk Limited reported audited earnings results for the year ended December 31, 2016. For the period, the company reported revenue of GHC 386,402,000 compared to GHC 315,409,000 a year ago. Operating profit was GHC 82,255,000 compared to GHC 59,779,000 a year ago. Profit before income tax was GHC 87,557,000 compared to GHC 66,368,000 a year ago. Profit for the year was GHC 66,128,000 compared to GHC 49,716,000 a year ago. It reported earnings of GHC 0.57 per basic and diluted share compared to GHC 0.43 per basic and diluted share a year ago. Net cash generated from operating activities was GHC 47,825,000 compared to GHC 83,977,000 a year ago. Purchase of property, plant and equipment was GHC 107,815,000 compared to GHC 13,613,000 a year ago. Purchase of intangible assets was GHC 601,000 compared to GHC 93,000 a year ago.