The profit after tax of Unilever Pakistan Foods Limited (UPFL) has declined to Rs 176.792 million in the year ended December 31, 2009 as compared to Rs 348.546 million earned in the corresponding period in 2008. The earning per share of the company declined to Rs 28.71 in the period under review against Rs 56.60 in the same period a year ago.
The board of directors of the company in its meeting held here on Thursday recommended a final cash dividend for the year at Rs 14.00 per ordinary share of Rs 10 each ie 140 percent. This is in addition to the interim dividend of Rs 20 per ordinary share. This will be payable to the members on the number of ordinary shares held by them at the close of business on April 22, 2010.
According to the financial results, sent to Karachi Stock Exchange on Friday, the company's sales increased to Rs 3.376 billion in 2009 against Rs 3.081 billion recorded in 2008. The cost of sales increased to Rs 2.122 billion against Rs 1.874 billion. The company's profit before tax stood at Rs 241.656 million in 2009 against Rs 552.544 million earned in 2008.