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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