Nestle Pakistan Limited announces financial results for H1 2020 : AsiaNet-Pakistan

Nestle Pakistan Limited announces financial results for H1 2020

July 29, 2020 | Business, English, General Business News | Share:

Lahore, July 29, 2020 (PPI-OT): Nestle Pakistan Limited recorded sales of PKR 58.4 billion for the period January-June 2020, an increase of 1.0% compared to the same period last year despite the unprecedented circumstances caused by the COVID-19 outbreak. The Company recorded net profit of PKR 3.9 billion, a decline of 13.3% compared to the same period last year due to higher input costs and additional expenses on account of COVID-19.

The Company benefited from its diversified product portfolio which helped to offset a sharp decline in demand for some of the products which were severely impacted due to the ongoing situation. Further the Company ensured the availability of products throughout this period to meet consumer needs while ensuring the safety, health and wellbeing of its employees.

The Company also committed 100 million rupees in product and cash donation in the national response to the COVID-19 pandemic. As a part of this commitment, 4 million servings of milk, iron fortified dairy products, baby cereals, water and juices were distributed through national and provincial disaster management authorities, reputed NGOs and local governments to meet the nutritional needs of both COVID-19 affectees and frontline workers.

For more information, contact:
Corporate Media Relations Manager
Nestle Pakistan
308 Upper Mall, P. O. Box 874, Lahore, Pakistan
Tel: +92-42-35988119, +92-42-111-Nestle (637853)
Cell: +92-342-6662999
Email: aatekahahmad.mirkhan@PK.nestle.com
Website: www.nestle.pk

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Category: Business, English, General Business News