Unilever's top-line earnings pull up overall profits by 15 percent

By MG News | October 26, 2018 at 05:48 PM GMT+05:00

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October 26, 2018 (MLN): Unilever Pakistan Food Limited (UPFL) has reported an increase in its profits by nearly 15.5% for the nine months ended 30th September 2018, as compared to the same period last year.

The reason attributed to increase in profits was the upswing in topline earnings which grew by 10%, absorbing the negative impact of higher expenses.

The basic and diluted earnings per share have been recorded at Rs.196.02 per share, up from Rs.172.01 last year.

The company’s Board of Directors have declared third interim dividend of Rs55 i.e. 150% for the nine months ended 30th September 2018.

Financial Results for the Nine Months Ended September 30th 2018 ('000 Rupees)
	Sep-18	Sep-17	% Change
Sales	8,938,051	8,123,585	10.03%
Cost of Sales	(4,809,323)	(4,356,951)	10.38%
Gross profit	4,128,728	3,766,634	9.61%
Distribution, admin & other operating expenses	(2,463,519)	(2,338,370)	5.35%
Other incomes	162,667	89,356	82.04%
Finance cost	(44,330)	(11,607)	281.92%
Profit before taxation	1,783,546	1,506,013	18.43%
Taxation	(551,018)	(438,976)	25.52%
Profit after tax	1,232,528	1,067,037	15.51%
EPS - basic and diluted (Rupees)	196.02	172.01	13.96%

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