Corporate Result: UPFL Annual Earnings increased by 40.1%

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Unilever Pakistan Foods Limited (UPFL) announced the financial results for the year ended December 31, 2019 in which the company declared the Profit After Tax worth Rs. 2.45 Bn that is increased by 41/4% annually. The company also announced the Earning Per share of Rs. 11.82 which was Rs. 385.08 for the last corresponding same year.

Furthermore, the Net Sales/Revenue of the company stood at increased by 11.7% to Rs. 13.29 Bn from the last year sales. The company Gross Profit also declined by 4.1% Rs. 5.43 Bn from the last year. Other income of the company inflated by 12.5% to Rs. 167.8 Mn YoY basis.

Sales grew on the back of strong brand equity, successful innovation and sustained investment in the Advertisement and Promotion.

However, the Finance cost of the company was increased and recorded at 135.08 Mn during the corresponding year, which was Rs. 47.3 Mn in the last year.

The company also announced the Final Cash Dividend of Rs. 142.00 per share i.e. 1420%. This is in addition to the interim Cash dividend already paid at Rs. 244 per share i.e 2440%

UPFL – Annual Result

EPS 2019 = 385.08 PKR
EPS 2018 = 274.92 PKR

Cash Dividend = 142.00 PKR
Bonus Share = NIL