Nestle Pakistan manages to lift its earnings by 13% in 9MCY20

10:13
October 23, 2020
MG

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

Posted on: 2020-10-23T15:13:00+05:00

37620

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.60000	278.80000	278.80000	278.60000	01:02 PM
2	EUR	1.06938	1.06940	1.06940	1.06938	12:38 PM
3	GBP	1.24833	1.24839	1.24839	1.24833	12:38 PM
4	CHF	0.91391	0.91397	0.91397	0.91391	12:38 PM
5	JPY	157.62900	157.64300	157.64300	157.62900	12:38 PM
6	CAD	1.36740	1.36790	1.36790	1.36740	12:38 PM
7	AUD	0.65288	0.65292	0.65292	0.65288	12:38 PM
8	INR	83.40560	83.40660	83.40660	83.40560	12:37 PM
9	SAR	3.75050	3.75070	3.75070	3.75050	09:38 PM
10	AED	3.67280	3.67310	3.67310	3.67280	09:38 PM
11	HKD	7.82820	7.82830	7.82830	7.82820	12:38 PM
12	CNH	7.26639	7.26699	7.26699	7.26639	12:38 PM
13	CNY	7.23930	7.24050	7.24050	7.23930	11:15 PM
14	THB	36.97600	37.05500	37.05500	36.97600	12:38 PM
15	MYR	4.76500	4.77000	4.77000	4.76500	04:58 AM
16	IDR	16,217.70000	16,227.80000	16,227.80000	16,217.70000	12:37 PM
17	SGD	1.36180	1.36280	1.36280	1.36180	12:38 PM
18	NZD	0.59398	0.59404	0.59404	0.59398	12:38 PM
19	MXN	17.14030	17.14530	17.14530	17.14030	12:38 PM
20	TRY	32.44620	32.46140	32.46145	32.44621	12:38 PM
21	SEK	10.94000	10.94310	10.94314	10.94000	12:38 PM
22	ZAR	18.82840	18.83770	18.83768	18.82843	12:38 PM
23	NOK	11.02320	11.02920	11.02920	11.02320	12:38 PM
24	DKK	6.97312	6.97438	6.97438	6.97312	12:38 PM
25	ARS	874.61500	874.62300	874.62335	874.61493	12:37 PM
26	BDT	108.01100	111.36500	111.36523	108.01142	07:19 AM
27	BHD	0.37698	0.37713	0.37713	0.37698	06:54 PM
28	BRL	5.10970	5.11270	5.11270	5.10970	12:38 PM
29	KRW	1,377.39000	1,377.92000	1,377.92000	1,377.39000	12:37 PM
30	KWD	0.30807	0.30817	0.30817	0.30807	09:37 PM
31	LKR	292.57900	299.10100	299.10051	292.57908	07:19 AM
32	OMR	0.38494	0.38509	0.38509	0.38494	06:55 PM
33	QAR	3.64600	3.64800	3.64800	3.64600	09:38 PM
34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
35	AFN	71.15810	73.02130	73.02133	71.15807	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:54 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	12,600.10000	12,665.30000	12,665.30340	12,600.09037	07:19 AM
40	PHP	57.67600	57.78000	57.78000	57.67600	12:37 PM
42	NGN	1,305.72000	1,306.72000	1,306.72000	1,305.72000	07:26 AM
43	KES	134.00000	136.00000	136.00000	134.00000	08:19 AM
44	AMD	388.08000	388.08000	388.08000	388.08000	08:16 AM
45	TWD	32.58380	32.61380	32.61380	32.58380	12:38 PM
46	XAU	2,333.92000	2,334.30000	2,334.30000	2,333.92000	12:38 PM
47	XAG	27.24220	27.24700	27.24700	27.24220	12:38 PM
48	XPT	910.54900	917.55200	917.55150	910.54860	09:38 PM
49	XPD	954.72100	961.59900	961.59900	954.72100	09:38 PM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,770.25000	3,854.09000	3,854.09049	3,770.24515	07:19 AM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	06:47 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,862.41	72,742.748	71,764.18	771.347	1.072	302,352,233.0	14,307,377,262.460	26/04/2024 05:12 PM
ALLSHR	47,721.89	47,489.465	47,040.09	314.510	0.667	540,778,150.0	22,562,380,076.020	26/04/2024 05:12 PM
KSE30	24,069.72	24,033.869	23,676.59	284.824	1.199	79,764,833.0	9,454,683,795.040	26/04/2024 05:12 PM
KMI30	122,624.63	122,414.850	120,539.93	1,511.894	1.251	130,473,781.0	8,715,975,575.960	26/04/2024 05:12 PM
KMIALLSHR	34,120.82	34,003.274	33,623.23	303.834	0.902	336,036,323.0	17,261,793,362.150	26/04/2024 05:12 PM
BKTi	18,098.00	18,061.700	17,783.46	189.341	1.059	12,829,416.0	1,502,941,695.300	26/04/2024 05:12 PM
OGTi	17,165.47	17,018.023	16,915.39	-13.038	-0.077	13,158,963.0	1,843,356,910.500	26/04/2024 05:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,120.0	65,395.0	63,775.0	-1,150.00
BRENT CRUDE	EB	89.5	89.8	88.8	0.52
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-0.70
ROTTERDAM COAL MONTHLY	ET	117.5	117.5	117.5	-1.05
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	84.0	84.5	83.4	0.43
SUGAR #11 WORLD	SB	19.0	19.6	19.0	-0.12

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