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

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.

Posted on: 2017-08-22T13:52:00+05:00