Nestle Pakistan Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 10 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 24 percent.
The board has recommended first interim Cash Dividend for the period at Rs. 170/- per share i.e. 1700%
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Six Months Ended | |||
Key Financials | Jan – June, 2017 | Jan – Jun, 2016 | % Change |
Amounts in PKR ‘000 | |||
Net Sales | 61,941,060 | 56,296,476 | 10% |
CoGS | 38,223,982 | 35,239,386 | 8% |
Gross Profit | 23,717,078 | 21,957,090 | 8% |
Dis. And Selling Expenses | 9,419,774 | 8,894,122 | 6% |
Admin Expenses | 1,415,814 | 1,378,508 | 3% |
Operating Profit | 12,881,490 | 10,784,460 | 19% |
Finance Cost | 477,229 | 599,454 | -20% |
Other operating expenses | 976,567 | 799,535 | 22% |
Other income | 148,934 | 295,821 | -50% |
Profit before taxation | 11,576,628 | 9,681,292 | 20% |
Taxation | 3,642,931 | 3,260,601 | 12% |
Profit after Taxation | 7,933,697 | 6,420,691 | 24% |
EPS | 174.95 | 141.58 | 24% |
Company release on Earnings Report can be accessed here.
