Fan Milk Limited Reports Unaudited Earnings Results for the Six Months Ended June 30, 2018
Fan Milk Limited reported unaudited earnings results for the six months ended June 30, 2018. For the period, the company reported revenue of GHC 217,844,000 against GHC 232,836,000 a year ago. Operating profit was GHC 23,946,000 against GHC 37,552,000 a year ago. Net profit before tax was GHC 24,031,000 against GHC 38,024,000 a year ago. Net profit after tax was GHC 17,834,000 against GHC 27,087,000 a year ago. Earnings per share were GHC 0.15 against GHC 0.23 a year ago. Net cash generated operating activities was GHC 33,743,000 against GHC 29,495,000 a year ago. Purchase of property, plant and equipment was GHC 35,477,000 against GHC 20,810,000 a year ago.