KARACHI: Nestle Pakistan Ltd announced on Thursday its net profit in the latest three-month period was Rs3.28bn, up 27.4pc from a year ago.
Its revenue grew at the same pace to Rs42.6bn over the same period. It announced a cash dividend of Rs155 per share. The company said it maintains a “cautiously optimistic outlook” for the future in view of the pressure on the disposable incomes of consumers owing to high inflation and a steep depreciation.
Earnings of Pakistan Tobacco fall: Net income of Pakistan Tobacco Company Ltd in April-June decreased 26.8pc on a year-on-year basis to Rs3.62 billion, the company told investors on Thursday.
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Its gross turnover increased 19.3pc to Rs60.61bn during the period under review.
It also announced a dividend of Rs10 per share along with the quarterly result.
Fauji Fertiliser profit down: The unconsolidated profit of Fauji Fertiliser Company Ltd amounted to Rs3.3bn in the latest quarter, down 7pc from the earnings of Rs3.6bn in the same period of the preceding year, the company announced on Thursday.
It also declared a cash dividend of Rs2.10 per share.
Engro Fertiliser posts loss: Engro Fertilisers Ltd posted a net loss of Rs98.32 million in the April-June
quarter versus the earnings of Rs4.8bn recorded in the same three-month period a year ago, a stock filing showed on Thursday.
