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.
