Nestle incurs noticeable falloff in half-yearly returns
MG News | February 26, 2019 at 02:42 PM GMT+05:00
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
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 134,299.77 290.06M |
0.39% 517.42 |
| ALLSHR | 84,018.16 764.12M |
0.48% 402.35 |
| KSE30 | 40,814.29 132.59M |
0.33% 132.52 |
| KMI30 | 192,589.16 116.24M |
0.49% 948.28 |
| KMIALLSHR | 56,072.25 387.69M |
0.32% 180.74 |
| BKTi | 36,971.75 19.46M |
-0.05% -16.94 |
| OGTi | 28,240.28 6.19M |
0.21% 58.78 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 118,140.00 | 119,450.00 115,635.00 |
4270.00 3.75% |
| BRENT CRUDE | 70.63 | 70.71 68.55 |
1.99 2.90% |
| RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
1.10 1.14% |
| ROTTERDAM COAL MONTHLY | 108.75 | 108.75 108.75 |
0.40 0.37% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
| CRUDE OIL - WTI | 68.75 | 68.77 66.50 |
2.18 3.27% |
| SUGAR #11 WORLD | 16.56 | 16.60 16.20 |
0.30 1.85% |
Chart of the Day
Latest News
Top 5 things to watch in this week
MTB Auction
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|