Nestle Pakistan Limited’s financial results for the half year ended June 30, 2011

Nestle Pakistan Limited’s financial results for the half year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company, in their meeting held on August 03, 2011 at 10:00 a.m. at 308 – Upper Mall, Lahore recommended the following:

1. Cash Dividend: NIL

2. The financial results of the Company are as follows:

 

Six months ended

Three months ended

(Rupees in thousand)

(Rupees in thousand)

30-Jun-11

30-Jun-10

30-Jun-11

30-Jun-10

Sales-net 32,941,533 25,601,415 16,663,340 13,549,871
Cost of goods sold (24,035,729) (18,659,731)  (12,321,112) (9,962,813)
———– ———– ———– ———–
Gross Profit 8,905,804 6,941,684 4,342,228 3,587,058
Distribution and selling expenses  (3,743,166)  (3,030,120)  (1,947,014) (1,588,756)
Administration expenses  (719,005)  (574,448)  (363,770)  (299,461)
———– ———– ———– ———–
Operating profit 4,443,633 3,337,116 2,031,444 1,698,841
Finance cost  (493,438)  (236,349)  (302,947)  (94,118)
Other operating expenses  (363,220)  (414,974)  (163,242)  (275,139)
Other operating income 83,743 46,992 4,400 21,556
———– ———– ———– ———–
Profit before taxation 3,670,718 2,732,785 1,569,655 1,351,140
Provision for taxation  (1,039,971)  (762,294)  (432,371)  (373,007)
———– ———– ———– ———–
Profit after taxation 2,630,747 1,970,491 1,137,284 978,133
———– ———– ———– ———–
Earnings per share (Rs) 58.01 43.45 25.08 21.57
———– ———– ———– ———–
Auditors’ qualification/ observations NIL NIL

 

For more information, contact:
Giuseppe Bonanno
Head of Finance and Control
Nestle Pakistan Limited
308 – Upper Mall,
P.O. Box: 874
Lahore – Pakistan.
Tel: (92-42) 111-637-853
Fax: (92-42) 35789303

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