FRIESLANDCAMPINA Engro Pakistan Limited (FCEPL) announced its financial results for the first half of the year, concluding on 30th June 2024, as per a press release. Despite a challenging economic environment, the Company achieved 17 per cent growth (revenue of Rs55 billion, compared to Rs47bn in the same period last year) fueled by a favorable portfolio mix, effective market investments and distribution expansion.

However, profit after tax declined by 6pc, (Rs1.26 bn compared to Rs1.33bn in the same period last year) due to a significant increase in interest rates.

The dairy-based products segment reported revenue of Rs48.87bn, reflecting a growth of 18pc. As for the frozen desserts segment, despite a challenging start, it reported a revenue of Rs6.16bn, a 13pc growth vs the same period last year. •