Fan Milk Limited reported unaudited earnings for the first quarter ended March 31, 2016. For the quarter, the company reported revenue was GHS 96,737,000 against GHS 71,493,000 a year ago. Operating profit was GHS 18,932,000 against GHS 14,838,000 a year ago.

Net profit before tax was GHS 21,048,000 against GHS 15,908,000 a year ago. Net profit after tax was GHS 15,734,000 against GHS 11,830,000 a year ago. Earnings per share were GHS 0.14 against GHS 0.10 a year ago.

Net cash generated from operating activities was GHS 3,977,000 against GHS 12,079,000 a year ago. Purchase of property, plant and equipment was GHS 16,818,000 against GHS 1,448,000 a year ago.