Nestlé Pakistan posted a yearly sales revenue of Rs 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 Rs 5.1 billion. The annual results were announced following a Board of Directors’ meeting at the company’s head office.
ALSO READ
SC Lifts Ban on Sale of Three Mineral Water Brands
Operating profit for the same period increased to Rs 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 Rs 322.86 from Rs 261.23 in 2016.
ALSO READ
Punjab Food Authority Bans Sale of Popular Mineral Water Brands
The company launched a number of new products during 2017, which included Nestlé Milo Concentrate, Nestlé Docello Crème Brule, Nestlé Docello Panna Cotta, Nestlé Nesvita MOVE+, Nestlé Bunyad Choco, Nestlé Fruita Vitals Exotic Mixes, Nestlé Pure Life 330ml, Nescafé Classic Sachet and Nestlé Nesvita Yogurt.
