Nestle Pakistan manages to lift its earnings by 13% in 9MCY20
MG News | October 23, 2020 at 03:13 PM GMT+05:00
October 23, 2020 (MLN): Nestle Pakistan Limited has earned profits of Rs. 6.19 billion (EPS: 136.62) for the nine months ended September 30, 2020, i.e. 13% higher than the net income recorded in the same period of last year.
The company also announced a second Interim Cash Dividend of Rs. 50 per share i.e. 500%.
According to the financial report issued by the company, the net revenue grew merely by 2% whereas the cost of sales surged by 1%, prompting the gross profit to grow by 4%.
Some respite was gained from a 24% decline in non-core expense, however, the impact of that was mostly negated by a fall in other income by 40%.
Other significant costs such as Finance and Taxation increased by 3.1% and 11.2%, respectively.
| Financial Results for the nine months ended September 30, 2020 (Rupees'000) | |||
|---|---|---|---|
| Sep-20 | Sep-19 | % Change | |
| Net sales | 88,669,523 | 87,053,262 | 1.9% |
| Cost of goods sold | (62,736,054) | (62,136,593) | 1.0% |
| Gross profit | 25,933,469 | 24,916,669 | 4.1% |
| Distribution costs | (10,642,277) | (11,124,593) | -4.3% |
| Administrative expenses | (3,455,230) | (2,852,838) | 21.1% |
| Other expenses | (855,364) | (1,122,499) | -23.8% |
| Other income | 153,881 | 255,853 | -39.9% |
| Finance cost | (2,383,560) | (2,310,920) | 3.1% |
| Profit before taxation | 8,750,919 | 7,761,672 | 12.7% |
| Taxation | (2,555,303) | (2,297,349) | 11.2% |
| Profit after taxation | 6,195,616 | 5,464,323 | 13.4% |
| Earnings per share | 136.62 | 120.49 | 13.4% |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 156,177.82 367.85M | -0.00% -3.12 |
| ALLSHR | 95,630.38 1,498.37M | -0.06% -60.44 |
| KSE30 | 47,678.47 206.79M | -0.08% -35.92 |
| KMI30 | 229,682.22 174.86M | -0.02% -39.87 |
| KMIALLSHR | 64,366.76 638.47M | -0.08% -53.31 |
| BKTi | 41,922.80 89.51M | -0.11% -46.72 |
| OGTi | 31,735.79 16.87M | -0.80% -255.97 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 116,025.00 | 117,685.00 114,850.00 | -1065.00 -0.91% |
| BRENT CRUDE | 67.98 | 68.59 67.62 | -0.49 -0.72% |
| RICHARDS BAY COAL MONTHLY | 84.00 | 0.00 0.00 | -0.40 -0.47% |
| ROTTERDAM COAL MONTHLY | 93.50 | 93.50 93.50 | 0.15 0.16% |
| USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 64.06 | 64.67 63.69 | -0.46 -0.71% |
| SUGAR #11 WORLD | 16.23 | 16.59 16.23 | -0.33 -1.99% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Large Scale Manufacturing (LSM)
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|