Company results

To Press Releases listPakistan,Apr 22, 2007

Nestlé Pakistan Ltd announced its key financial results for the year ending 31st Dec 2006, to share holders during the Annual General Meeting (AGM) held on 23rd April 2007 at its Corporate office at Lahore. The details are as follows,

PKR Million 2006 Change from 2005
Sales 22,031 +28.5
Operating Profit 2,640 +24.5
% age of Sales 12.0 %
Net Profit 1,363 18.2
% age of sales 6.2%
Earning per Share 30.06 18.02

Nestle Pakistan Ltd , continues to grow with dynamic management across all functions, enabled the Company to again achieve accelerated growth and operating performance during the year under review, as reflected in the key financial results. Total capital expenditure for the year reached PKR 3.6 billion, the highest spending recorded in the Company's history. Investments involve the following significant projects:

Project Description PKR Million
Kabirwala- New Factory Extension 2,097
Sheikhupura- Ppgrading Water Retail Line 280
Sheikhupura- Yogurt Line 180
Karachi- New Bulk Water Line 209
Milk Collection- Field Development 191
Sales & Distribution Infratructure 107
Information Technology - Upgrade of Equipment 41

These investments are part of our long-term infrastructure plans needed to support our continued accelerated growth. Investments in 2007 of approximately PKR 3.1 billion are planned for capacity increases, milk collection field development and upgrading of existing production facilities.
In 2006, the Company continued its commitment to social wellness and our CSR spending was in line with the previous year, with most projects centering on rural education, women empowerment and children groups in collaboration with committed NGOs and specialized institutions. In addition, the Company has agreed to work with UNDP over the next 03 years as the implementing partner for a project to develop rural women livestock workers.