Nestlé Pakistan records 10% topline growth in H1

To Press Releases listLahore,Aug 22, 2017

Nestlé Pakistan recorded a positive first half, posting a growth of 10%, and an overall increase in its total revenue by PKR 5.64 billion.

The company reported overall earnings of PKR 7.93 billion for the six months ended on June 30, 2017 as compared to PKR 6.42 billion in the corresponding period last year. The company said it was a result of optimization of its value chain and continuous improvement in the product mix.

The results were announced upon the conclusion of the meeting of Nestlé Pakistan’s Board of Directors.

In continuation with its positive financial performance in 2016, Nestlé Pakistan, the Pakistani subsidiary of the world’s largest food and beverage company, posted its results for the first half of 2017.

Nestlé Pakistan’s earnings per share increased from PKR 141.58 per share in the same period last year to PKR 174.95 per share. In the area of sales, the revenue of Nestlé Pakistan stood at PKR 61.94 billion.

About Nestlé Pakistan

Nestlé is the world’s largest food and beverage company. It is present in 191 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 and their pets throughout their lives. Its more than 2000 brands include local favorites like NESTLÉ MILKPAK, NESTLÉ PURELIFE and NESTLÉ 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
Contact number: 042-35988138
Email: zara.basharat@PK.nestle.com

 

Faisal Siddiqi
Account Director, CMC
Cell: 0345-8280079
Email: faisal@cmc.com.pk

 

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