Nestle Pakistan : Transmission of Quarterly Report for the Period Ended June 30, 2022
August 03, 2022 at 01:22 am EDT
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Condensed interim financial information for the six months ended June 30, 2022
Good Food, Good Life
DIRECTORS' REVIEW REPORT TO THE SHAREHOLDERS
The Directors of Nestlé Pakistan Limited (the "Company") are pleased to submit the half-year report along with the condensed interim financial statements of the Company for the six months period ended June 30, 2022.
Business Performance Review:
During the period, the Company recorded a revenue of PKR 80.4 billion, an increase of 22.2% compared to the same period last year benefiting from normalization of economic activities. The growth was supported by strong demand generation activities which resulted in incremental volume, further complemented by portfolio and pricing management. Operating profit improved, benefiting from sales growth, favorable product mix and tighter control on fixed costs.
The financial performance for the six months period is summarized below:
Jan - Jun 2022
Jan - Jun 2021
Change
PKR Million
PKR Million
Sales
80,443
65,805
+22.2%
Gross Profit
26,163
19,594
+33.5%
% of sales
32.5%
29.8%
Operating Profit
15,595
9,905
+57.4%
% of sales
19.4%
15.1%
Net Profit after tax
7,695
5,783
+33.1%
% of sales
9.6%
8.8%
Earnings per share
169.7
127.5
+33.1%
Future outlook:
The economy in Pakistan, like rest of the world, is passing through a turbulent time due to the high energy and commodity prices and fears of a global recession. The situation has been further aggravated by a steep depreciation of the currency in the last few months. All these factors are putting huge pressure on the disposable income of the consumers and might have an adverse impact on the consumption. The management of the company is fully cognizant of the situation and taking all necessary measures to manage these challenges and will continue to delight consumers with quality products and remains cautiously optimistic about the future.
For and on behalf of the
Board of Directors
Samer Chedid
Chief Executive Officer
Lahore: July 28, 2022
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Nestle Pakistan Ltd. published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 05:21:07 UTC.
Nestle Pakistan Limited is a Pakistan-based food and beverage company. The Company is principally engaged in manufacturing, processing and sale of dairy, nutrition, beverages and food products, including imported products, such as dairy, confectionery, culinary, coffee, beverages, infant nutrition and drinking water. The Companyâs segments include Dairy and nutrition products, Powdered and liquid beverages, and Other products. Its dairy products include NESTLE MILKPAK, NESTLE MILKPAK CREAM, NESTLE MILKPAK DAIRY BUTTER, NESTLE SWEET ânâ TASTY YOGURT, NESTLE LABAN, NESTLE NESVITA and NESTLE EVERYDAY. Its children health and growth solutions include NESTLE NIDO School Age Nutrition, NESTLE BUNYAD and NESTLE MILO. Its beverages include NESTLE FRUITA VITALS and NESTLE NESFRUTA. Its coffee products include NESCAFE ORIGINAL, NESCAFE CHILLED ready-to- drink (RTD), NESCAFE ICE and NESCAFE GOLD. The Company offers drinking water under NESTLE PURE LIFE brand.
NESTLÉ PAKISTAN LIMITED 
