Bourse Report| 21.11.2022| AHL, NFM Record Decline

This week, at Bourse Sarodh Ramkhelawan reviews the financial performance of Angostura Holdings Limited (AHL) and National Flour Mills Limited (NFM) for the nine-month period ended 30th September, 2022. AHL’s profitability dipped on account of a higher taxation rate and an increase in expected credit loss provisions. NFM, meanwhile, experienced lower margins as the Group continues to be affected by inflationary pressures and supply chain constraints. With both entities reporting a decline in performance, will these conditions persist?