The profit after tax of Unilever Pakistan Foods Limited increased to Rs 219.783 million in the half-year period ended on June 30, 2010 as compared to Rs 124.456 million earned in the corresponding period in 2009. The company's earning per share surged to Rs 35.69 in the period under review against Rs 20.21 in the same period of last year.
The board of directors of the company in its meeting held here on Tuesday recommended an interim dividend at Rs 35 ie 350 percent per ordinary share of Rs 10. According to the financial results sent to Karachi Stock Exchange (KSE), the company's sales increased to Rs 2.045 billion in the half year period in 2010 against Rs 1.808 billion in the same period in 2009. The cost of sales also increased and stood at Rs 1.226 billion against Rs 1.112 billion. The company's distribution, admin and other operating expenses increased to Rs 491.479 million against Rs 471.700 million. The company's profit before taxation increased to Rs 330.311 million in the first half of 2010 against Rs 187.588 million in the same period in 2009.
On quarterly basis, the company's profit after tax increased to Rs 121.922 million translating earning per share of Rs 19.80 in the quarter ended June 30, 2010 against a profit of Rs 31.994 million with per share earning of Rs 5.20 in the same quarter of last year.
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