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

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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Posted on: 2019-02-28T15:57:00+05:00

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