To Press Releases listLahore,Aug 19, 2016
Nestlé Pakistan boosted its overall earnings by 3.47% for the six months ended on June 30, 2016. Nestlé Pakistan has witnessed an overall increase in its total revenue by almost Rs. 3.1 billion.
Nestlé Pakistan revenue stood at Rs. 56.3 billion, 5.8 % higher compared to the same period last year. This was achieved in an environment of continued low inflation and competitive pricing and is in line with the company’s expectation.
After an impressive display of a strong financial performance in the first quarter of 2016, Nestlé Pakistan, has again posted encouraging results for the Second quarter and first Half of 2016.
Additionally, its earnings per share have increased from Rs. 136.83 per share in 2015 during the same period to Rs. 141.58 per share in 2016.
The gross profit margin increased by 235 bps compared to last year as a result of improved product mix, favorable input costs and a relatively stable Pak Rupee.
Nestlé Pakistan’s operating profit increased to Rs. 10.8 billion translating into 8.76 % growth versus the same period last year. This was achieved as a result of improved gross margin and effective cost management.
The Company has a cautiously optimistic positive outlook for the rest of the year. The focus remains on driving sustainable profit growth with healthy stock levels and freshness of products in trade.
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 more than 150,000 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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