Nestlé Pakistan Records Increase in Company Revenue Q3 FY18

Farhan Abro October 23, 2018

1 minute read

Nestlé Pakistan recorded an increase in revenue of 1.8% for the nine months ended September 30, 2018, despite increasingly difficult economic conditions and competitive pressures.

The total revenue of the Company increased by PKR 1.7 billion and stood at PKR 94.1 billion. The results were announced upon the conclusion of the meeting of Nestlé Pakistan’s Board of Directors on October 23, 2018.

The Company reported profit after tax of PKR 8.6 billion for the nine months ended on September 30, 2018, lower by 23.9% compared to the corresponding period of last year. The decline in profit is resulting from higher input and energy costs due to forex devaluation and increase in the prices of commodities. Earnings per share stand at PKR 190.3 vs 249.9 same period of last year.

Farhan Abro

Hello! My name is Farhan Abro, and I'm based here in Islamabad. My journey in Pakistan's digital media really kicked off when I founded INCPak back in 2012. We built it from the ground up, driven by an entrepreneurial spirit, to be a trusted voice for independent journalism. But while media is a big part of who I am, I'm also shaped by a fascinating mix of other passions. I'm deeply into automotive, which gives me a technical edge, but I also find my artistic expression through landscape photography and music. And I'm always diving into the exciting world of Artificial Intelligence. Bringing all these different worlds together the technical, the creative, the journalistic, and the entrepreneurial—it really colors how I see things and approach every project. It gives me a distinct perspective that I try to bring to everything I share