Nestle Pakistan Limited’s financial result for the ended 31 December, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on February 08, 2012 at 10:00 a.m. at 308-upper Mall, Lahore recommended the following.

1. Cash Dividend

A final Cash Dividend for the year ended 31.12.2011 at Rs.40.00 per share i.e. 400%. This is in addition to Interim Dividend already paid at Rs.25.00 per share. i.e. 250 %.

2. The final results of the company are as follows;

 

Year ended

(Rupees in thousand)

31-Dec-11

31-Dec-10

Sales –net64,824,36451,487,302
Cost of goods Sold(48,099,046)(37,608,733)
———-———-
Gross Profit16,725,31813,878,569
Distribution and Selling expenses(6,862,113)(5,709,078)
Administrative expenses(1,405,298)(1,311,637)
———-———-
Operating Profit8,457,9076,857,854
Finance Cost(1,050,355)(513,081)
Other operating expenses(1,064,233)(819,084)
———-———-
Other operating income159,545170,491
Profit before taxation6,502,8645,696,180
Provision for taxation(1,834,507)(1,583,331)
———-———-
Profit after taxation4,668,3574,112,849
———-———-
Earnings per share (Rs)102.9490.69
———-———-
Auditors qualification/observationsNILNIL

 

The Annual General Meeting of the Company will be held on 27.03.2012 at 11:00 am at Company Office situated at 309-Upper Mall, Lahore.

The above entitlement will be paid to be shareholders whose names will appear in the register of members on 20.03.2012.

The share transfer books of will company will be closed from 21.03.2012 to 27,03,2012 (both days inclusive), Transfers received at the office of our independent Share Registrar M/s Gorsi Associates (Pvt) Ltd., 2nd Floor, 202-Sufi Chambers, Link McLeod Road, Lahore, at the close of business on 20.03.2012 will be treated in time for the purpose of above entitlement to the Transferees.

We shall be sending you 300 copies of printed Accounts for distribution amongst the members of the Exchange.

For more information, Contact:
Nestle Pakistan Limited
308-Upper Mall,
P.O. Box: 874
Lahore – Pakistan
Tel: (92-42) 111-677-853
Fax: (92-42) 35789303