Unilever Pakistan's PAT increases slightly by 10%
By MG News | August 27, 2019 at 05:33 PM GMT+05:00
August 27, 2019 (MLN): Unilever Pakistan Foods Limited (UPFL) has announced its financial results today, as per which the company reported its net profits increased slightly by 10% to Rs 953 million with Earning per share recorded at Rs 149.63 for the half year ended on June 30th 2019.
The upsurge in profits came largely as a result of decline in company’s admin and other operating expenses.
Despite challenging economic and operating environment, company’s topline earnings grew by 4.8% on the back of brand equity, successful innovations and sustained investment in advertisement and promotion.
Moreover, the Board of Directors of the company have recommended a second Interim Cash Dividend of Rs 63 i.e. 630% per ordinary share of Rs.10 each. This will be payable to the members on the number of ordinary shares held by them at the close of business on September 11, 2019.
| Financial Results for the half year ended June 30th 2019 ('000 Rupees) | |||
|---|---|---|---|
|
| Jun-19 | Jun-18 | % Change |
| Sales | 6,535,224 | 6,234,169 | 4.83% |
| Cost of Sales | (3,789,949) | (3,341,897) | 13.41% |
| Gross profit | 2,745,275 | 2,892,272 | -5.08% |
| Distribution, admin & other operating expenses | (1,531,640) | (1,723,570) | -11.14% |
| Other incomes | 256,793 | 120,497 | 113.11% |
| Finance cost | (88,269) | (34,349) | 156.98% |
| Profit before taxation | 1,382,159 | 1,254,850 | 10.15% |
| Taxation | (429,025) | (389,067) | 10.27% |
| Profit after tax | 953,134 | 865,783 | 10.09% |
| EPS - basic and diluted (Rupees) | 149.63 | 138.64 | 7.93% |
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