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

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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Posted on: 2018-10-26T17:48:00+05:00

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