Nestle posts healthy revenue of PKR122 billion for 2017
Lahore, February 21, 2018 (PPI-OT): Nestle Pakistan posted a yearly sales revenue of PKR 122.2 billion for 2017, an increase of 8.7% compared to previous year. The healthy topline growth was achieved through effective innovation and renovation of the product mix, numeric distribution expansion and investment behind brands. Export sales during the same period stood at PKR 5.1 billion. The annual results were announced following a Board of Directors’ meeting at the company’s head office.
Operating profit for the same period increased to PKR 23.6 billion translating into 23.3% growth versus 2016, achieved as a result of internal efficiencies and effective cost and price management. Consequently, earnings per share have increased to PKR 322.86 from PKR 261.23 in 2016.
The company launched a number of new products during 2017, which included Nestle Milo Concentrate, Nestle Docello Creme Brule, Nestle Docello Panna Cotta, Nestle Nesvita Move+, Nestle Bunyad Choco, Nestle Fruita Vitals Exotic Mixes, Nestle Pure Life 330ml, Nescafe Classic Sachet and Nestle Nesvita Yogurt.
For more information, contact:
Corporate Media Relations Manager
308 Upper Mall, P. O. Box 874, Lahore, Pakistan
Tel: +92-42-35988119, +92-42-111-Nestle (637853)
Tags: Nestle Pakistan