Nestle Pakistan’s net profit jumped 51 per cent to Rs1.49 billion in the first quarter of 2011, compared with Rs992 million recorded in the corresponding period last year, according to a notice sent to the Karachi Stock Exchange on Friday.
The company’s net sales surged 35 per cent to Rs16.3 billion against Rs12.05 billion last year.
Nestle has a wide range of products across a number of markets, including bottled water, beverages, chocolate, ice cream and infant foods.
The firm manufactures several of the global Nestle brands in Pakistan while the others are imported.
Published in The Express Tribune, April 16th, 2011.
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