The top line continued its momentum which was supplemented by cost and revenue transformation measures enabling steady gross and net profit margins. The group’s Core Business’ PAT margin to net sales closed at 6.7pc which is 0.3pc higher than FY20. Similarly, A1 Bags & Supplies Inc. maintained PAT margin to net sales at 5pc. “Devaluation of exchange rates during the fiscal year can impact company gross margins in the local business due to impact on prices of key inputs. National Foods maintained its commitment towards its employees by providing them incentives and timely salary disbursements in the uncertainty prevailing during covid.

Source: Pakistan Today September 10, 2021 13:52 UTC