Fan Milk Limited Reports Unaudited Earnings Results for the Six Months Ended June 30, 2017
Fan Milk Limited reported unaudited earnings results for the six months ended June 30, 2017. For the period, the company reported revenue of GHC 232,836,000 against GHC 183,026,000 a year ago. Operating profit was GHC 37,552,000 against GHC 34,455,000 a year ago. Net profit before tax was GHC 38,024,000 against GHC 40,124,000 a year ago. Net profit after tax was GHC 27,087,000 against GHC 30,036,000 a year ago. Earnings per share were GHC 0.23 against GHC 0.26 a year ago. Net cash generated operating activities was GHC 29,495,000 against net cash used in operating activities of GHC 7,372,000 a year ago. Purchase of property, plant and equipment was GHC 20,810,000 against GHC 39,253,000 a year ago.