Corporate Result: Nestle earnings shrink by 14% in 3rd Quarter

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Nestle Pakistan Limited (PSX: NESTLE) has announced the Financial results for the 1st Quarter ended March 31, 2020, whereby it has reported Profit After Tax of Rs. Rs. 1.93 billion showing a decline of 14.7% YoY as compared to the profits of last year.

The company also announced the Earnings of Rs. 42.76 for the 1st Quarter period ended March 31, 2020.

During the quarter, the Net Sales of the company remained flat and were recorded at Rs. 29.8 Bn. The cost of sales were slightly increased by the 3.32% annually, while the Gross Profit inched to Rs. 8.84 Bn.

On the cost front, the administrative expenses increased by 27.8%. Meanwhile, the other operating expense jumped by 68.3% YoY basis.

The substantial rise in the Finance cost by 41% has effected the earnings of the company.

NESTLE – 1st Quarter

EPS 2020 = 42.76 PKR
EPS 2019 = 50.15 PKR

Cash Dividend = NIL
Bonus Share = NIL