Nestlé Pakistan recorded a slightly slower first quarter with an overall earnings of PKR 3.44 billion for the three months ended on March 31, 2016 as compared to PKR 3.67 billion in the corresponding period last year. The results were announced upon the conclusion of the meeting of Nestlé Pakistan’s Board of Directors.
After an impressive display of a strong financial performance in the last quarter of 2015, Nestlé Pakistan, the Pakistani subsidiary of the world’s largest food and beverage company, posted its results for the first quarter of 2016.
The company posted a growth of 5.5% which is in line with the company’s yearly target. As a result of a low inflationary environment which meant consistent pricing, Nestlé Pakistan recorded an overall increase of in its total revenue by almost PKR 1.39 billion.
Its earnings per share decreased from PKR 81.01 per share in the same period last year to PKR 75.89 per share. In the area of sales, the revenue of Nestlé Pakistan stood at PKR 26.73 billion, PKR 1.39 billion higher compared to the same period last year.
The company has a positive outlook for the remainder of the year and said the results were as expected.
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
Email: [email protected]
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