LAHORE – The Engro Foods, with a compound annual growth rate of 65 per cent in past 7 years, has chalked out planned infrastructure investment in 2012 to the tune of Rs8 billion.
This was stated by CEO Engro Foods Limited Afnan Ahsan at the unveiling ceremony of company’s patriotic corporate campaign on Wednesday. He said that presently Engro Foods has revenues of about Rs19.76 billion during 1H-2012 with profitability registering an increase of over 450 per cent to close at Rs1.02 billion.
Since its inception Engro Foods has invested heavily in dairy development initiatives, cold chain infrastructure, enhancing capabilities of dairy farmers across Pakistan through innovative breakthroughs that have redefined the milk collection standards and benchmarks in the dairy industry.  He said that employing over 12,000 individuals both directly and indirectly, Engro Foods’ has played a pivotal role in improving life for over 160,000 dairy farmers through payment cycles, guaranteed collection, improved margins and up to a 15 per cent increase in milk yields, he claimed.
CEO Engro Foods said that the story of Engro is a source of national pride. The fact that in a short span of seven years a home-grown multinational company has been created – with a geographic footprint spanning across Pakistan, Afghanistan, United States and Canada – is testament to the vision and business acumen of the Company.