Third Quarter result for 2011
Group net turnover for the 3rd quarter 2011 was Rs.326.84Mn as compared to Rs.293.59Mn during the 3rd quarter of 2010, an increase of Rs.33.25Mn or 11%. Group net turnover for the first nine months of
2011 was Rs.963Mn as compared to Rs.803.75Mn during the same period of 2010, an increase of Rs.159.25Mn or 20%.
Group has reported a net profit of Rs.78.46Mn during the 3rd quarter of 2011 as compared to net profit of Rs.79.32Mn reported in the 3rd quarter of 2010. For the first nine months of 2011, the group has reported a net profit of Rs.122.75Mn as compared to net profit of Rs.104.42Mn reported in the first nine months of 2010.
The breeder operation made profit during the period under review due to the higher demand for day-old-chicks in the market. The performance of breeder farms & hatcheries has improved significantly due to the
efficient farm management.
The Management believes that the profitability will improve further with the seasonal demand expected in
the final quarter of 2011. It should be noted that Last December ( festival season) TAFL has demonstrated a strong rally, This year also most of the investors are expecting the same thing to happen.
Keep Monitoring the MACD to identify any buying signal..
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