Nestle endures 32% decline in Net Profits for 9MFY19

12:57
April 29, 2019
MG

April 29, 2019 (MLN): Nestlé Pakistan Limited has stated Profit after Tax of Rs. 2.2 billion (EPS: Rs. 15.5) for the quarter ended March 31, 2019, demonstrating a decline of 32% as compared to the figures of 9MFY18.

The net earnings declined on the back of fall in sales revenue by 11% to Rs. 29 billion. As a result, the gross profits of the company also came down by 24%.

Despite no increase in the operating expenses, the change in Operating profits of the company was still negative.

In addition to this, the finance costs surged by 99%, which further battered the profitability of the company.

However, the company gained some sort of breather in the form of decline in income taxes by 32%.

Financial Result for the quarter ended March 31, 2019 ('000 Rupees)
	Mar-19	Mar-18	% Change
Sales – net	29,135,878	32,856,849	-11.32%
Cost of goods sold	(20,666,249)	(21,667,563)	-4.62%
Gross Profits	8,469,629	11,189,286	-24.31%
Distribution and selling expenses	(3,583,642)	(4,912,751)	-27.05%
Administration expenses	(859,150)	(879,965)	-2.37%
Operating profits	4,026,837	5,396,570	-25.38%
Finance cost	(727,333)	(365,490)	99.00%
Other expenses	(244,343)	(412,289)	-40.74%
Other income	92,604	68,334	35.52%
Profit before taxation	3,147,765	4,687,125	-32.84%
Taxation	(873,427)	(1,305,520)	-33.10%
Profit after taxation	2,274,338	3,381,605	-32.74%
Earnings per share – Basic and Diluted (Rupees)	50.15	74.57	-32.75%

Copyright Mettis Link News

Posted on: 2019-04-29T17:57:00+05:00

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1	PKR	278.20000	278.40000	278.40000	278.20000	01:03 PM
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3	GBP	1.24336	1.24340	1.24340	1.24336	07:22 AM
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30	KWD	0.30803	0.30860	0.30860	0.30803	04:21 PM
31	LKR	298.75800	305.33300	305.33326	298.75827	07:19 AM
32	OMR	0.38500	0.38506	0.38506	0.38500	04:21 PM
33	QAR	3.64600	3.64900	3.64900	3.64600	04:22 PM
34	RUB	93.70000	94.60000	94.60000	93.70000	08:00 PM
35	AFN	71.05620	72.93480	72.93477	71.05622	07:19 AM
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43	KES	132.50000	134.50000	134.50000	132.50000	06:46 AM
44	AMD	365.94200	422.29800	422.29841	365.94186	07:19 AM
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46	XAU	2,374.14000	2,374.40000	2,374.40000	2,374.14000	07:22 AM
47	XAG	28.18000	28.19080	28.19080	28.18000	07:22 AM
48	XPT	930.85000	932.35000	932.35000	930.95000	04:21 PM
49	XPD	1,001.16000	1,006.81000	1,006.25620	1,001.16130	04:21 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	2,584.99000	2,585.01000	2,585.01500	2,584.98500	06:47 AM

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ALLSHR	46,573.62	46,547.234	46,105.96	339.379	0.735	474,715,664.0	23,166,338,146.300	-1	19/04/2024 04:29 PM
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KMI30	118,779.97	118,572.725	117,247.45	1,218.125	1.038	148,476,165.0	11,088,575,706.990	-1	19/04/2024 04:29 PM
KMIALLSHR	33,051.27	33,022.390	32,695.54	298.524	0.912	317,131,232.0	19,909,176,018.560	-1	19/04/2024 04:29 PM
BKTi	17,861.34	17,826.912	17,489.40	244.864	1.393	16,771,738.0	1,600,203,536.720	1	19/04/2024 04:29 PM
OGTi	16,766.60	16,652.098	16,435.08	192.159	1.167	13,539,834.0	1,833,007,971.040	-1	19/04/2024 04:29 PM

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