KARACHI: Nestlé Pakistan recorded a revenue growth of 4.2 per cent for the six months ended on June 30, 2018 with an overall increase in its revenue by Rs2.6 billion. The total revenue for the company stood at Rs64.6 billion. The results were announced upon the conclusion of the meeting of Nestlé Pakistan’s Board of Directors on August 16 2018.
The company reported a profit after taxation of Rs6.3 billion for the six months ended on June 30, 2018 as compared to Rs7.9 billion in the corresponding period last year.
The company faced pressures on its earnings owing to challenging economic conditions with the depreciation of the Rupee, rising fuel prices and input costs. Resultantly its earnings per share declined to Rs138.03 vs Rs174.95 in the corresponding period last year. The company remains optimistic about growth and profit development despite ongoing macroeconomic challenges.
