Nestle Pakistan Limited’s financial results for the half year ended June 30, 2012

Karachi, August 07, 2012 (PPI-OT): We have to infant you that the Board of Directors of our Company in their meeting held on August 07, 2012 at 10:00 am, at 308-Upper Mall, Lahore recommended the following:

Cash Dividend: NIL

The Financial results of the Company are as follows:

Six months ended

Three months ended

(Rupees in thousand)

(Rupees in thousand)

30-Jun-12

30-Jun-11

30-Jun-12

30-Jun-11

Sales-net

41,179,014

32,941,533

20,985,333

16,663,340

Cost of goods sold

(29,862,777)

(24,035,729)

(15,172,610)

(12,321,112)

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Gross Profit

11,316,237

6,905,804

5,812,722

4,342,228

Distribution and selling expenses

(4,701,257)

(3,743,165)

(2,636,794)

(1,947,014)

Administration expenses

(879,679)

(719,005)

(413,282)

(363,770)

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————–

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Operating profit

5,736,301

4,443,633

2,762,647

2,031,444

Finance cost

(1,004,532)

(493,438)

(574,552)

(302,947)

Other operating expenses

(840,438)

(363,220)

(536,031)

(163,242)

Other operating income

90,999

83,743

53,050

4,400

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Profit before taxation

3,982,330

3,670,718

1,705,114

1,569,655

Provision for taxation

(1,071,304)

(1,039,971)

(458,716)

(432,371)

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Profit after taxation

2,911,026

2,630,747

1,246,398

1,137,284

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Earnings per share (Rs)

64.19

58.01

27.48

25.08

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Auditors qualification/ ObservationsNILNIL

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

For more information, contact:
Giliseppe Bonanno
Head of Finance and Control
Nestle Pakistan Limited
308-Upper Mall, P. O. Box: 874
Lahore-Pakistan, 74200 Pakistan
Tel: (92-42) 111-637-853
Fax: (92-21)35789303