Unilever Foods reports 14% growth in half yearly profits.

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MG News | August 20, 2018 at 03:55 PM GMT+05:00

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

 

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