Unilever Pakistan Foods : Financial Results for the Year Ended 2024-12-31
March 04, 2024 at 05:34 am EST
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Unilever Pakistan Foods Ltd.
Unilever Pakistan Foods Ltd.
Registered in Pakistan
Avari Plaza
Company No 0038545
Fatima Jinnah Road
Registered office
Karachi, 75530, Pakistan
+0800-13000
AVARI PLAZA, FATIMA JINNAH ROAD,
KARACHI - 75530
unilever.pk
March 04, 2024
The General Manager
Pakistan Stock Exchange Limited
By Hand & PUCARS
Stock Exchange Building
Stock Exchange Road
Karachi
Dear Sir,
UNILEVER PAKISTAN FOODS LIMITED
Financial Results for the twelve months ended December 31, 2023
At its meeting held on March 4, 2024 at 14:30 Hrs, the Board of Directors of the Company has approved the audited Financial Information for the year ended December 31, 2023.
The business delivered a broad based growth of 22.2% in 2023, mainly led by pricing. Earnings per share (EPS) increased by 22.5% versus the same period last year driven by growth and higher interest income.
YEAR ENDED
31-Dec
31-Dec
2023
2022
(Rupees in Thousands)
Sales
34,586,732
28,309,317
Less: Cost of Sales
(19,777,895)
(16,359,841)
Gross Profit
14,808,837
11,949,476
Less: Distribution, Admin & Other
(6,774,239)
(4,823,358)
Add: Other Income
2,437,963
1,380,154
Operating profit
10,472,561
8,506,272
Less: Finance Cost
(119,461)
(139,905)
Profit before Taxation
10,353,100
8,366,367
Less: Taxation
(609,070)
(413,964)
Profit after Tax
9,744,030
7,952,403
EPS-basic and diluted (Rupees)
1,529.68
1248.41
Unilever Pakistan Foods Ltd.
Unilever Pakistan Foods Ltd.
Registered in Pakistan
Avari Plaza
Company No 0038545
Fatima Jinnah Road
Registered office
Karachi, 75530, Pakistan
+0800-13000
AVARI PLAZA, FATIMA JINNAH ROAD,
KARACHI - 75530
unilever.pk
FINAL DIVIDEND
In view of the financial results for the year ended December 31, 2023, the Directors have recommended the final cash dividend of Rs. 178 per ordinary share of Rs.10/- each. In addition, to the interim dividend of Rs. 251 already paid during the year. This will be payable to the Members on the number of ordinary shares held by them at the
close of business on April 11th, 2024.
CLOSURE OF SHARE TRANSFER BOOKS
The Share Transfer Books of the Company will be closed from April 12th,2024 to April 16th, 2024 (both days inclusive) to determine the entitlement for the final dividend. The books will re-open on April 17th, 2024. Transfers in good order, received at the
Central Depository Company Share Registrar Services Limited, CDC House, 99- B, Block-B, S.M.C.H.S., Main Shahrah-e-Faisal, Karachi - 74400 by the close of
business on April 11th, 2024 will be treated in time for the purpose of attending the Annual General Meeting and payment of final Dividend to the transferees.
ANNUAL GENERAL MEETING:
The Board has approved the convening of the next Shareholders Annual General Meeting for April 16th, 2024 at 10:30 a.m. in Karachi.
FUTURE OUTLOOK
Pakistan's economic and operating environment is expected to remain challenging due to sustained high level of inflation and pressure on FX reserves due to upcoming foreign debt servicing. This may continue to affect the purchasing power of consumers.
Despite the above our management team remains committed to overcoming the challenges by driving value for our stakeholders and staying connected to consumers by harnessing the strength of our brand, introducing delightful innovations, continuously striving for value-for-money offerings, and driving cost efficiencies throughout the value chain.
Yours faithfully,
UNILEVER PAKISTAN FOODS LIMITED
AMAN GHANCHI
Company Secretary
Copy to:
The Securities & Exchange Commission of Pakistan, Islamabad. Fax: 051 9204915.
The Central Depository Company of Pakistan Limited, Karachi. Fax: 021-34326034 / 34326016
The Central Depository Company of Pakistan Limited, Share Registrar Department, Karachi. Fax: 021-34326053
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Unilever Pakistan Foods Ltd. published this content on
04 March 2024 and is solely responsible for the information contained therein. Distributed by
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Unilever Pakistan Foods Limited is a Pakistan-based company that manufactures and sells consumer and commercial food products. The Companyâs brands include Clear, Comfort, Cornetto, Domex, Dove, Glaxose-D, Glow & Lovely, Knorr, LUX, Lifebuoy, Magnum, Paddle Pop, Pond's Men, Rafhan, Sunlight, Sunsilk, Surf excel, TRESemme, Vim, and Wall's. Its products include shampoos, fabric conditioner, ice-creams, toilet cleaners, soaps, energy drinks, skin care products, soups, stock cubes, bouillons, seasonings, sauces, tea and teabags, detergent powders, desserts and corn oil product lines, dishwashing powder, bars and liquids, and others. Its manufacturing facilities are located in approximately 52 kilometers, Multan Road Lahore, Parna Plant Near Bhai Pheru. It operates primarily in Pakistan.