To Press Releases listLahore,Feb 22, 2017
Nestlé Pakistan posted a yearly net sales revenue of more than PKR112 billion for 2016, boosting its overall net earnings profit after taxation by 35.2% as compared to 2015.
The company witnessed an overall increase in its net sales revenue by almost Rs. 9.4 billion. The annual results were announced following a Board of Directors’ meeting at the company's head office.
Additionally, its earnings per share have increased from Rs. 193.18 per share in 2015 to Rs. 261.23 per share in 2016. In the area of Sales, Nestlé Pakistan's revenue was up 9.13% compared to 2015. Export sales during the same period stood at Rs. 4.9 billion.
The gross profit margin increased by 226 bps compared to 2015 mainly as a result of favorable input costs, optimization of the value chain and efficient portfolio management.
Nestlé Pakistan’s operating profit increased to Rs. 19.1 billion translating into 17.3% 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.
For further information, please contact:
Corporate Media Relations Manager, Nestlé Pakistan
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