Earning Review: NESTLE’s profitability slumps by 29% YoY

09:34
August 26, 2019
MG

August 26, 2019 (MLN): The first half of CY19 appeared to be tough for Nestle Pakistan Limited as its profits after tax during the period declined by 29% to Rs 4.5 billion from Rs 6.3 billion in the same period last year with EPS reported at Rs 98.6.

According to the financial results announced by the company today, despite decline in cost of sales, company’s gross profits deteriorated by 16.6% due to 7.6% drop in topline earnings.

Moreover, during the period, company’s finance cost also surged considerably by 81.8% as a result of increase in interest rates.

However, the company observed 38% reduction in tax payments, the overall impact on ultimate profits of the company was not adequate to pull up the profits of the company by significant margin.

Moreover, the Board of Directors of the company announced an Interim Cash Dividend of Rs.90 per share for the aforesaid period.

Financial Result for the half year ended June 30, 2019 ('000 Rupees)
	Jun-19	Jun-18	% Change
Sales – net	57,789,111	62,585,776	-7.66%
Cost of goods sold	(40,774,935)	(42,163,200)	-3.29%
Gross Profits	17,014,176	20,422,576	-16.69%
Distribution and selling expenses	(6,939,820)	(7,837,854)	-11.46%
Administration expenses	(1,659,051)	(1,629,875)	1.79%
Operating profits	8,415,305	10,954,847	-23.18%
Finance cost	(1,480,451)	(814,169)	81.84%
Other expenses	(712,473)	(848,843)	-16.07%
Other income	158,147	120,562	31.17%
Profit before taxation	6,380,528	9,412,397	-32.21%
Taxation	(1,908,380)	(3,102,789)	-38.49%
Profit after taxation	4,472,148	6,309,608	-29.12%
Earnings per share – Basic and Diluted (Rupees)	98.61	139.13	-29.12%

Copyright Mettis Link News

Posted on: 2019-08-26T14:34:00+05:00

29605

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.20000	278.40000	278.40000	278.20000	01:03 PM
2	EUR	1.06648	1.06654	1.06654	1.06648	11:28 AM
3	GBP	1.24116	1.24121	1.24121	1.24116	11:28 AM
4	CHF	0.90875	0.90896	0.90892	0.90880	11:28 AM
5	JPY	154.52000	154.52600	154.52600	154.52000	11:28 AM
6	CAD	1.37367	1.37373	1.37373	1.37367	11:28 AM
7	AUD	0.64233	0.64237	0.64237	0.64233	11:28 AM
8	INR	83.38280	83.38330	83.38330	83.38280	11:28 AM
9	SAR	3.75120	3.75140	3.75140	3.75120	08:28 PM
10	AED	3.67210	3.67310	3.67310	3.67210	08:25 PM
11	HKD	7.83326	7.83349	7.83349	7.83326	11:27 AM
12	CNH	7.24652	7.24669	7.24652	7.24643	11:28 AM
13	CNY	7.23820	7.23920	7.23920	7.23820	11:17 PM
14	THB	36.82100	36.89900	36.89900	36.82100	11:28 AM
15	MYR	4.78100	4.78600	4.78600	4.78100	05:48 AM
16	IDR	16,207.00000	16,221.00000	16,221.00000	16,207.00000	11:28 AM
17	SGD	1.36071	1.36087	1.36084	1.36074	11:28 AM
18	NZD	0.58962	0.58968	0.58968	0.58962	11:28 AM
19	MXN	17.21740	17.22240	17.22244	17.21744	11:28 AM
20	TRY	32.58290	32.59290	32.59290	32.58290	11:28 AM
21	SEK	10.90910	10.91290	10.91165	10.90915	11:28 AM
22	ZAR	19.10560	19.11380	19.11380	19.10560	11:28 AM
23	NOK	11.00550	11.00770	11.00768	11.00553	11:28 AM
24	DKK	6.99646	6.99701	6.99701	6.99646	11:28 AM
25	ARS	870.72100	870.73000	870.72976	870.72132	11:28 AM
26	BDT	108.06500	111.44600	111.44612	108.06470	07:19 AM
27	BHD	0.37698	0.37713	0.37713	0.37698	06:50 PM
28	BRL	5.20440	5.20740	5.20740	5.20440	11:28 AM
29	KRW	1,376.24000	1,376.79000	1,376.79000	1,376.24000	11:28 AM
30	KWD	0.30810	0.30870	0.30870	0.30810	08:27 PM
31	LKR	298.75800	305.33300	305.33326	298.75827	07:19 AM
32	OMR	0.38498	0.38515	0.38515	0.38498	06:50 PM
33	QAR	3.64600	3.64900	3.64900	3.64600	08:27 PM
34	RUB	93.70000	94.60000	94.60000	93.70000	08:00 PM
35	AFN	71.00000	73.00000	73.00000	71.00000	11:05 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:27 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,665.30000	12,731.10000	12,731.06402	12,665.31410	07:19 AM
40	PHP	57.47500	57.49500	57.49500	57.47500	11:28 AM
42	NGN	1,077.81000	1,078.81000	1,078.81000	1,077.81000	09:19 AM
43	KES	132.50000	134.50000	134.50000	132.50000	08:37 AM
44	AMD	392.60000	392.60000	392.60000	392.60000	07:55 AM
45	TWD	32.52400	32.52500	32.52500	32.52400	11:28 AM
46	XAU	2,392.50000	2,392.79000	2,392.79000	2,392.50000	11:27 AM
47	XAG	28.57470	28.58280	28.58280	28.57470	11:27 AM
48	XPT	933.35000	934.85000	934.85000	933.35000	08:28 PM
49	XPD	1,020.66000	1,030.66000	1,030.66000	1,020.66000	08:28 PM
2,120	VES	36.25120	36.34220	36.34216	36.25125	08:00 PM
2,212	UGX	3,768.41000	3,852.95000	3,852.94560	3,768.40998	07:19 AM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	10:38 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	70,968.98	70,909.904	70,186.93	619.785	0.882	214,724,945.0	13,651,927,649.760	19/04/2024 05:13 PM
ALLSHR	46,573.62	46,547.234	46,105.96	339.379	0.735	475,634,499.0	23,214,193,723.360	19/04/2024 05:13 PM
KSE30	23,393.38	23,376.569	23,058.97	282.759	1.224	116,554,680.0	11,831,374,214.290	19/04/2024 05:13 PM
KMI30	118,779.97	118,572.725	117,247.45	1,218.125	1.038	148,956,005.0	11,119,881,421.450	19/04/2024 05:13 PM
KMIALLSHR	33,051.27	33,022.390	32,695.54	298.524	0.912	317,804,569.0	19,951,289,708.390	19/04/2024 05:13 PM
BKTi	17,861.34	17,826.912	17,489.40	244.864	1.393	16,782,769.0	1,601,100,031.210	19/04/2024 05:13 PM
OGTi	16,766.60	16,652.098	16,435.08	192.159	1.167	13,610,174.0	1,842,349,761.040	19/04/2024 05:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,590.0	65,640.0	59,635.0	930.00
BRENT CRUDE	EB	87.4	90.8	86.2	0.26
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-6.15
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	-0.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	82.4	85.6	81.1	0.28
SUGAR #11 WORLD	SB	19.4	19.8	19.3	-0.12

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