Fan Milk Limited Reports Unaudited Earnings Results for the Six Months Ended June 30, 2016
Fan Milk Limited reported unaudited earnings results for the six months ended June 30, 2016. For the period, the company reported revenue of GHC 183,026,000 against GHC 145,540,000 a year ago. Operating profit was GHC 34,455,000 against GHC 31,175,000 a year ago. Net profit before tax was GHC 40,124,000 against GHC 34,228,000 a year ago. Net profit after tax was GHC 30,036,000 against GHC 25,499,000 a year ago. Earnings per share were GHC 0.26 against GHC 0.22 a year ago. Net cash used in operating activities was GHC 7,372,000 against net cash generated from operating activities of GHC 34,299,000 a year ago. Purchase of property, plant and equipment was GHC 39,253,000 against GHC 5,418,000 a year ago.