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Nestle Pakistan posts positive results for three months ended March 31, 2015

Date: April 23, 2015 Author: Web Desk Category: General Business News Tags: Short URL Comments: 0

Karachi, April 23, 2015 (PPI-OT): Nestle Pakistan boosted its overall earnings by 76.7% for the three months ended on March 31, 2015. The results were announced at the conclusion of the meeting of Nestle Pakistan’s Board of Directors. After an impressive display of a strong financial performance in the last quarter of 2014, Nestle Pakistan, the Pakistani subsidiary of the world’s largest food and beverage company, has again posted encouraging results for the first quarter of 2015.

Despite the prevalent socio-political situation of the country, Nestle Pakistan has witnessed an overall increase in its total revenues by almost PKR 1.3 billion. Additionally, its earnings have increased from PKR 45.83 per share in 2014 during the same period to PKR 81.01 per share in 2015. In the area of sales, the revenue of Nestle Pakistan stood at PKR 25 billion, 5.6% higher compared to the same period last year. Export sales during the same period stood at PKR 1.5 billion.

The company’s gross profit margin increased by 810 bps compared to last year, mainly due to extended cool weather positively impacting milk flush and relatively stable fresh milk prices. Nestle Pakistan’s net profit (after taxes) reached PKR 3.6 billion, translating into 76.7% growth vs. the same period last year. Based on these figures for the beginning of 2015, the company shares the positive outlook with Pakistan’s national economy based on sustainable growth and demand for its products.

For more information, contact:
Aatekah Mir-Khan
Corporate Media Relations Manager
Nestle Pakistan
308 Upper Mall,
P. O. Box 874,
Lahore, Pakistan
Tel: +92-42-35988119, +92-42-111-Nestle (637853)
Cell: +92-342-6662999
Email: aatekahahmad.mirkhan@PK.nestle.com
Website: www.nestle.pk

The post Nestle Pakistan posts positive results for three months ended March 31, 2015 appeared first on AsiaNet-Pakistan.

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