Earnings Report: Nestle Pakistan Ltd. (PSX: NESTLE) today reported Financial Results for the Three and Six months ended June 30, 2017

MG News | August 22, 2017 at 01:52 PM GMT+05:00

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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.

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