Nestlé Pakistan records 13.8% growth in Q1

To Press Releases listLahore,Apr 18, 2017

Nestlé Pakistan recorded a strong first quarter, posting a growth of 13.8%, with an overall increase in its total revenue by PKR 3.68 billion as compared to the same period last year.

The company reported overall earnings of 4.10 billion for the three months ended on March 31, 2017 as compared to 3.44 billion in the corresponding period in 2016.

The financial results for the first quarter of the year were announced at the conclusion of the meeting of the Board of Directors of Nestlé Pakistan.

The company’s earnings per share increased to PKR 90.42 per share in Q1 this year compared to PKR 75.89 per share last year.

In terms of sales, the Nestlé Pakistan revenue stood at PKR 30.42 billion in Q1 this year.

About Nestlé Pakistan

Nestlé is the world’s largest food and beverage company. It is present in 189 countries around the world, and its 328,000 employees are committed to Nestlé’s purpose of enhancing quality of life and contributing to a healthier future. Nestlé offers a wide portfolio of products and services for people. Their ranges of 2000 brands include local favorites like Nestlé Pure Life and Fruita Vitals. Company performance is driven by its Nutrition, Health and Wellness strategy. Nestlé is based in the Swiss town of Vevey where it was founded more than 150 years ago.

For further information, please contact:
Zara Basharat
Corporate Media Relations Manager, Nestlé Pakistan
Cell: 0321-555-1130
Email: zara.basharat@PK.nestle.com

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