.png#keepProtocol)
July 22, 2022 (MLN): The Board of Administrators of Fauji Meals Constrained (FFL) has recommended an raise in the approved share funds of the firm by Rs10 billion, the company’s submitting on the bourse showed currently.
The aforementioned decision is topic to the acceptance of the shareholders of the enterprise, after which the approved share capital of FFL will maximize to Rs28bn from Rs18bn.
Fauji Meals Confined was incorporated in Pakistan on 26 September 1966 as a Public Organization. The corporation is the subsidiary of Fauji Fertilizer bin Qasim Restricted. It is principally engaged in the processing and sale of toned milk, milk powder, fruit juices, allied dairy and food items merchandise.
Together with this, the firm announced its monetary efficiency for 1HCY22, as per which the organization described an improve in net losses to Rs1.25bn from Rs758 million reported in the exact same period very last 12 months.
In the same way, in 2QCY22 company incurred a decline just after tax of Rs754 million when compared to Rs410 million claimed in the very same quarter of CY21.
Presently, the company’s inventory is staying traded at Rs6.33, up by Rs0.04 or .64% from yesterday’s value.
Copyright Mettis Url News
Posted on: 2022-07-22T15:13:39+05:00
34205
.png#keepProtocol "The Key to Boosting Retention")
More Stories
Biggest stock movers today: Okta, Snowflake, and more (NASDAQ:OKTA)
EU leader warns of risks of wider war; NATO rules out sending troops to Ukraine
Bitcoin soars to two-year high above $56,700 as halving event looms