Lifestyle

Nestlé Pakistan’s revenue records boost of almost 13%

Nestlé Pakistan’s revenue for the first half of the year was recorded at Rs. 65.8 billion, 12.7% higher compared to the same period last year. The revenue growth was broad-based supported by investments behind the brands, new product launches, and pricing management. Further, the growth also benefitted from the depressed base of last year which was impacted by strict lockdowns.

Volume growth, overheads control, and value chain cost optimization initiatives led to a 24.3% increase in the Company’s operating profit compared to the same period last year. The reduction in the financing costs contributed towards improvement in the net profit.

Despite all the challenges of the ongoing pandemic situation and rising input costs emanating from a surge in the commodity prices, the Company remains cautiously optimistic about its performance in the coming period on the back of strong brand equity and continuous initiatives for operational excellence supported by the highly committed workforce.

NewsDesk

Recent Posts

  • Entertainment News

Sharmila Faruqi calls out ‘Khuda Aur Mohabbat’ for showing violence against women

Sharmila Faruqi calls out ‘Khuda Aur Mohabbat’ for showing violence against women! The criticism comes…

9 mins ago
  • Blogs

Check out Fahad Farooq’s biggest contribution to Vlogging

To many, Fahad Farooq might be known for his entrepreneurship, his businessman persona, his YouTube…

34 mins ago
  • Latest News

Pakistan T20 World Cup squad meet PM Imran Khan

Pakistan T20 World Cup squad met PM Imran Khan at the Prime Minister Office in…

2 hours ago
  • Sports News

Marlon Samuels charged with alleged corruption

Former West Indies all-rounder Marlon Samuels has been charged with breaching four counts of the…

3 hours ago
  • Latest News

‘Three Brothers 2021’ Pakistan, Turkey, Azerbaijan joint military drills conclude

Pakistan, Turkey, Azerbaijan joint military drills ‘Three Brothers 2021’ concluded on Wednesday at Baku, Azerbaijan.…

3 hours ago
  • Hollywood News

Sex and the City star Willie Garson dies at 57

Willie Garson, known for playing Stanford Blatch in Sex and the City, died on Tuesday,…

4 hours ago