Unilever Pakistan today released financial statements for the operations between July – December, 2017. The company reported sales worth Rupees 10.745 billion and posted total bottom-line profits at Rupees 1.355 billion.
The statements reveal a very healthy though steady growth in sales at the international food and personal care giant. Due to a 13.50% growth in Sales, and a 12.29% growth in Cost of sales the margins grew by more than 15% to clock in at 3.089 billion.
The company’s profit after taxation during the period under review grew by 16.24%, clocking in at 1.355 billion.
The company management reported an EPS of Rupees 220.16 per share against Rupees 207.24 per share during the second half of year 2016.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Half Year Ended, December 30th 2017
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Sales
10,745,260
9,466,836
13.50%
Cost of Sales
5,911,696
5,264,621
12.29%
Gross Profit
4,833,564
4,202,215
15.02%
Distribution, Administration and Other Operating Expenses
3,089,609
2,520,330
22.59%
Other Income
202,771
120,343
68.49%
Profit from Operations
1,946,726
1,802,228
8.02%
Finance Cost
26,020
34,470
-24.51%
Profit before Taxation
1,920,706
1,767,758
8.65%
Taxation
565,033
491,669
14.92%
Profit after Tax
1,355,673
1,276,089
6.24%
Other Comprehensive Income
(4,992)
1,525
-427.34%
Total Comprehensive Income
1,350,681
1,277,614
5.72%
EPS – Basic and diluted
220.16
207.24
6.23%
Company release on Earnings Report can be accessed here.
