The Organic Meat Company’s profit rose 19% to Rs74 million during the quarter ended September 30, 2020. According to a notice sent by the company to the Pakistan Stock Exchange (PSX) on Tuesday, the firm had recorded a profit of Rs62.1 million in the corresponding period of previous year. Accordingly, earnings per share (EPS) of the company stood at Rs0.66 in the period under review compared to Rs0.56 during the same period of last year. Net sales of the company increased to Rs916.1 million in the quarter under review compared to Rs722.5 million in the third quarter of 2019, an increase of 26.8%. Subsequently, gross profit of the company witnessed a rise of 1.84% as it inched up from Rs135.6 million in the same quarter last year to Rs138.1 million during the quarter under review.

Source: The Express Tribune October 28, 2020 03:00 UTC