To Press Releases listLahore,Oct 16, 2015
Nestlé Pakistan boosted its overall earnings by 20.0% for the nine months period ended on September 30, 2015.
Despite prevalent socio-political situation of the country and the energy crisis, Nestlé Pakistan has witnessed an overall increase in its total revenue by almost Rs. 2.9 billion.
Additionally, its earnings per share have increased from Rs. 141.23 per share in 2014 during the same period to Rs. 169.41 per share in 2015. In the area of Sales, Nestlé Pakistan’s revenue stood at Rs.77.2 billion, 3.90% higher compared to the same period last year. Export sales during the same period stood at Rs.4.3 billion.
The gross profit margin increased by 510 bps compared to last year mainly due to extended cool weather positively impacting milk flush and relatively stable fresh milk prices. Further, the prices of dairy related commodities in international market combined with strong Pak Rupee have positively impacted in input cost.
Nestlé Pakistan’s operating profit increased to Rs. 13.6 billion translating into 19.0% growth versus the same period last year. This was achieved as a result of effective cost management.
About Nestlé Pakistan
Nestlé Pakistan is the leading Nutrition, Health and Wellness company in Pakistan; meeting and exceeding all the international standards in manufacturing of their products. Nestlé Pakistan believes in creating shared value for the communities in which it operates with the focus being on Nutrition, Water and Rural Development. Nestlé Pakistan works with thousands of farmers for collecting milk and engages in a number of rural development programs for community development.
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