Nestlé Pakistan boosted its overall earnings by 3.47 percent 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 percent 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, favourable input costs and a relatively stable Pak Rupee. Nestlé Pakistan's operating profit increased to Rs 10.8 billion translating into 8.76 percent 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.-PR
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