LAHORE: Nestle Pakistan’s year end net sales income rose to Rs112 billion and the company increased its profit after tax by 35.2% as compared to 2015. The company gained an overall increase in sales by Rs9.4 billion. The financial results of the company were announced in its meeting of board of directors. The share income also increased from Rs193.18 in 2015 to Rs261.23 in 2016. The sales rose by 9.13% against sales of 2015. Export income remained Rs4.9 billion. The overall profit rose by 226 bps which was because of the favourable expenses of input, value chain and portfolio management.
Published in The Express Tribune, February 23rd, 2017.
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