Unilever Foods reports 14% growth in half yearly profits.

10:55
August 20, 2018
MG

Unilever Pakistan Foods Limited’s half yearly profits rose by 14% during the six month period ended on June 30^th 2018.

In a Board of Directors meeting held on August 20, 2018, the company reviewed its financial earnings for the given period and issued a report to PSX the same day

As compared to the half year ended on June 30^th 2017, Unilever Food’s Sales increased by around 12% while Gross profits registered a growth of almost 15%.

Distribution, admin & other operating expenses rose by 15% yet the company’s profits before taxation grew by 16.4% and total profit for the period increased fromRs.757.5 million to Rs.864.1 million

The company’s Earnings per share were recorded at Rs.138.38 per share, up by 13%

Financial Results for the Half Year Ended June 30th 2018 ('000 Rupees)
	Jun-18	Jun-17	% Change
Sales	6,234,169	5,573,339	11.86%
Cost of Sales	(3,347,010)	(3,056,294)	9.51%
Gross profit	2,887,159	2,517,045	14.70%
Distribution, admin & other operating expenses	(1,723,570)	(1,493,944)	15.37%
Other incomes	120,193	68,193	76.25%
Finance cost	(30,873)	(14,624)	111.11%
Profit before taxation	1,253,213	1,076,670	16.40%
Taxation	(389,067)	(319,151)	21.91%
Profit after tax	864,146	757,519	14.08%
EPS – basic and diluted (Rupees)	138.38	122.12	13.31%

Posted on: 2018-08-20T15:55:00+05:00

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