LAHORE: Nestlé Pakistan has posted yearly net sales revenue of more than Rs112 billion for 2016, boosting its overall net earnings profit after taxation by 35.2 percent as compared to 2015.
The company witnessed an overall increase in its net sales revenue by almost Rs9.4 billion. The annual results were announced following a Board of Directors’ meeting at the company’s head office. Additionally, its earnings per share have increased from Rs193.18 per share in 2015 to Rs261.23 per share in 2016.
In the area of Sales, Nestlé Pakistan’s revenue was up 9.13 percent compared to 2015. Export sales during the same period stood at Rs4.9 billion. The gross profit margin increased by 226bps compared to 2015 mainly as a result of favourable input costs, optimisation of the value chain and efficient portfolio management. Nestlé Pakistan’s operating profit increased to Rs19.1 billion translating into 17.3 percent growth versus the same period last year. This was achieved as a result of effective cost management.
