Earnings Report /
Pakistan

Friesland Campina Engro Pakistan: 3QCY21 review – earnings dip seasonally; sales continue to impress

  • FCEPL reported 3QCY21 EPS of PKR0.71, a massive jump from EPS of PKR0.04 SPLY

  • This is led by strong volume growth in all categories & a narrowing delta vs. loose milk leading accelerated conversions

  • FCEPL remains on track, where impressive sales momentum, leadership in UHT and strong margins firm up our liking

Yusra Beg
Yusra Beg

Senior Investment Analyst

Intermarket Securities
20 October 2021