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LAHORE: PREMA Milk has imported 600 more cows from Australia to meet the rising demand of milk in the country, making a total of 3300 cows and adding to the total stock of the milk with the company. PREMA recently told PSX the company has recently added a big herd of 600 more Austrian and American breed cows which will increase daily production 15000 litres per day the notice said. Meanwhile there is an increasing talk in corporate sector that Prema is now taking lead and more PREMA products including halal cheese, milk chocolates, juices, flavored and fruits yogurts, curds and chatnis will be launched in the near future.
The PREMA has an outstanding 161.33 million outstanding while 30 million free-float shares.
The company Earning Per Share (EPS) stood Rs1.86 percent during the Financial Year 2018-19 indicated that extending 10 percent bonus shares and 3.7 percent dividend to the shareholders. It has been reported that the company’s profitability and assets are growing 20 percent to 25 percent every year as the Chaudhry Group is backing the company.
The group is mulling over exporting its dairy products, the two insiders said, adding that foreign investment is likely to supplement the vision of the PREMA management and shareholders. “The company is quite aggressive on the plans and closely watching the further developments” the sources stated. Separately, another source said that in view of the developments and information gathered, the German and French diary giants are interested in making investment in Al-Tahur Limited operating with the brand name “PREMA” dairy products.
Since the food sector has a significant unexplored potential and opportunities some investors are also seeking striking partnership with Fauji Foods Limited, Unity Foods Limited and Engro Foods Limited The companies have already sold majority shares to a Holland bases company that shows immense food and dairy sector potential, an expert said, adding that Unilever, Nestle and Rafhan are all International and foreign successful brands.
