LAHORE: Nestlé Pakistan’s revenue, for the three-month period ending March 31, 2024, rose to PKR 54.4 billion reflecting a growth of 9.7% compared to the same period last year.
“This increase in revenue can be attributed to broad-based growth across our products and demand generating activities. Although there was an increase in gross profit, there was a decline in operating profit as a result of increased investment behind our brands to strengthen our competitive position”, said an announced on Friday.
The results were announced following a Board of Directors’ meeting at the Company's Head Office. The Company maintains a cautious outlook for the rest of the year in view of the continuing external challenges.
Copyright Business Recorder, 2024
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