Nestlé comes out of a tough year with 2% growth in sales
KARACHI: Nestlé Pakistan posted a yearly sales revenue of Rs 124.6 billion for 2018, an increase of about 2 per cent compared to previous year despite increasingly difficult economic conditions.
Export sales during the same period stood at Rs 2.3 billion. The annual results were announced following a Board of Directors’ meeting at the company’s head office here on Wednesday.
Operating profit for the year is Rs 20.3 billion vs Rs 23.6 billion in 2017. During the year 2018, higher commodity and fuel prices coupled with devaluation of Pak rupee impacted the operating profit margin of the Company. However, the focus of the company remained on cost efficiencies to offset the increasing commodity prices and forex impact.
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