Unilever Pakistan Foods Ltd's profits observe a growth of 27%

MG News | February 28, 2019 at 03:57 PM GMT+05:00

0:00

February 28, 2019 (MLN): Unilever Pakistan Foods Limited announced its financial earnings for the year ended December 31, 2018, at Rs. 1.7 billion (EPS: Rs. 274), approximately 27% higher as compared to same period last year.

The Company’s sales grew by 10.7% on the back of strong brand equity, successful innovations and sustained investment in advertisement and promotion.

However, gross margin remained constant at 45% due to difficult operating environment.

Furthermore, the company announced a final cash dividend of Rs. 76 i.e. 760%. This was in addition to the interim cash dividend of Rs. 204 already paid during the year.

Profit and loss account for the year ended December 31 2018 (Rupees'000)
	Dec-18	Dec-17	% Change
Sales	11,898,430	10745260	10.73%
Cost of sales	-6,539,088	-5911696	10.61%
Gross profit	5,359,342	4833564	10.88%
Distribution, Admin and Other Operating expenses	-3,140,066	-3089609	1.63%
Other income	342,115	202,771	68.72%
Profit from operations	2,561,391	1946726	31.57%
Finance cost	-69,675	-26,020	167.77%
Profit before taxation	2,491,716	1,920,706	29.73%
Taxation	-760,146	-565,033	34.53%
Profit after tax	1,731,570	1,355,673	27.73%
Other comprehensive income/loss	27	-4,992
Total comprehensive income	1,731,597	1350681	28.20%
EPS-basic and diluted	274	219	25.59%

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