Nestle incurs noticeable falloff in half-yearly returns

09:42
February 26, 2019
MG

February 20, 2019 (MLN): Nestle Pakistan Limited has recorded a 21% falloff in its half-yearly earnings for the period ended December 31, 2018, which incidentally stand at Rs.11.5 billion (EPS: Rs.254.57), down from a net income of Rs.14.6 billion (EPS: Rs.322.86) recorded for the same period last year.

Owing to a comparatively larger increase in cost of sales than net sales, the company’s gross profits observed a 7.5% slip-off from the gross profit recorded last year.

Apart from this the overall expenses expanded while non-core income declined.

In addition to this, the company has also declared a Final Cash Dividend at Rs.63 per share.

Financial Result for the year ended Dec 31, 2018 ('000 Rupees)
	Dec-81	Dec-17	% Change
Sales – net	124,614,785	122,214,698	1.96%
Cost of goods sold	(83,242,655)	(77,458,749)	7.47%
Gross Profits	41,372,130	44,755,949	-7.56%
Distribution and selling expenses	(18,470,241)	(18,406,725)	0.35%
Administration expenses	(2,926,471)	(2,741,743)	6.74%
Operating profits	19,975,418	23,607,481	-15.39%
Finance cost	(1,818,650)	(1,095,630)	65.99%
Other expenses	(1,512,112)	(1,837,203)	-17.69%
Other income	255,308	313,857	-18.65%
Profit before taxation	16,899,964	20,988,505	-19.48%
Taxation	(5,355,382)	(6,346,723)	-15.62%
Profit after taxation	11,544,582	14,641,782	-21.15%
Earnings per share – Basic and Diluted (Rupees)	254.57	322.86	-21.15%

Copyright Mettis Link News

Posted on: 2019-02-26T14:42:00+05:00

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.40000	278.60000	278.60000	278.40000	03:02 PM
2	EUR	1.06873	1.06878	1.06878	1.06873	09:02 AM
3	GBP	1.24416	1.24425	1.24425	1.24416	09:02 AM
4	CHF	0.91310	0.91350	0.91350	0.91310	09:02 AM
5	JPY	154.91300	154.92400	154.92400	154.91300	09:02 AM
6	CAD	1.37144	1.37149	1.37149	1.37144	09:02 AM
7	AUD	0.64989	0.64996	0.64996	0.64989	09:02 AM
8	INR	83.32900	83.34400	83.34400	83.32900	09:02 AM
9	SAR	3.75060	3.75090	3.75090	3.75060	06:02 PM
10	AED	3.67240	3.67340	3.67340	3.67240	06:01 PM
11	HKD	7.83246	7.83264	7.83264	7.83246	09:02 AM
12	CNH	7.26822	7.26835	7.26835	7.26822	09:02 AM
13	CNY	7.24480	7.24570	7.24570	7.24480	11:52 PM
14	THB	37.04200	37.08200	37.08200	37.04200	09:02 AM
15	MYR	4.77500	4.78000	4.78000	4.77500	05:06 AM
16	IDR	16,175.00000	16,198.50000	16,198.50000	16,175.00000	09:02 AM
17	SGD	1.36141	1.36150	1.36150	1.36141	09:02 AM
18	NZD	0.59261	0.59272	0.59272	0.59261	09:02 AM
19	MXN	17.02360	17.02850	17.02855	17.02355	09:02 AM
20	TRY	32.51190	32.52190	32.52190	32.51190	09:02 AM
21	SEK	10.88390	10.88540	10.88542	10.88388	09:02 AM
22	ZAR	19.24990	19.25740	19.25738	19.24988	09:02 AM
23	NOK	10.99150	10.99390	10.99393	10.99154	09:02 AM
24	DKK	6.97764	6.97818	6.97818	6.97764	09:02 AM
25	ARS	873.22900	873.23800	873.23786	873.22944	09:02 AM
26	BDT	108.08100	111.45000	111.45007	108.08130	07:19 AM
27	BHD	0.37701	0.37705	0.37705	0.37701	06:02 PM
28	BRL	5.15090	5.15390	5.15390	5.15090	09:02 AM
29	KRW	1,375.64000	1,376.27000	1,376.27000	1,375.64000	09:02 AM
30	KWD	0.30792	0.30802	0.30802	0.30792	06:02 PM
31	LKR	295.09500	301.64500	301.64508	295.09470	07:19 AM
32	OMR	0.38499	0.38504	0.38504	0.38499	06:02 PM
33	QAR	3.64600	3.64900	3.64900	3.64600	06:02 PM
34	RUB	93.47000	94.07000	94.07000	93.47000	08:00 PM
35	AFN	71.29620	73.16780	73.16776	71.29623	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:44 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,675.00000	12,740.50000	12,740.49259	12,674.98877	07:19 AM
40	PHP	57.64600	57.72000	57.72000	57.64600	09:02 AM
42	NGN	1,289.99000	1,290.99000	1,290.99000	1,289.99000	07:09 AM
43	KES	133.50000	135.50000	135.50000	133.50000	08:38 AM
44	AMD	362.05200	418.19900	418.19900	362.05235	07:19 AM
45	TWD	32.57930	32.60930	32.60930	32.57930	09:02 AM
46	XAU	2,320.86000	2,321.21000	2,321.21000	2,320.86000	09:01 AM
47	XAG	27.28920	27.29780	27.29780	27.28920	09:01 AM
48	XPT	905.45000	906.95000	906.95000	905.45000	06:02 PM
49	XPD	1,011.50000	1,016.50000	1,016.50000	1,011.50000	06:02 PM
2,120	VES	36.26120	36.34220	36.34216	36.26125	08:00 PM
2,212	UGX	3,771.15000	3,855.37000	3,855.36757	3,771.14838	07:19 AM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	08:24 AM

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,414.33	72,051.892	71,467.02	692.487	0.970	324,513,222.0	15,826,554,117.260	24/04/2024 04:13 PM
ALLSHR	47,375.82	47,172.817	46,960.12	306.944	0.655	599,296,643.0	24,458,132,413.340	24/04/2024 04:13 PM
KSE30	23,944.85	23,807.818	23,586.59	240.962	1.023	111,127,951.0	11,140,196,445.780	24/04/2024 04:13 PM
KMI30	121,905.06	121,162.457	119,802.31	1,486.525	1.242	142,025,745.0	9,533,161,297.560	24/04/2024 04:13 PM
KMIALLSHR	33,729.93	33,656.520	33,366.03	337.953	1.014	426,610,117.0	19,046,525,407.830	24/04/2024 04:13 PM
BKTi	18,030.81	17,888.609	17,862.22	36.126	0.202	21,512,241.0	2,556,142,444.850	24/04/2024 04:13 PM
OGTi	17,023.12	16,956.573	16,845.36	87.498	0.519	9,136,075.0	1,278,959,401.370	24/04/2024 04:13 PM

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	66,340.0	67,120.0	66,110.0	-95.00
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