Unilever Pakistan profit after tax increases

KARACHI: The profit after tax of Unilever Pakistan Foods Limited (UPFL) has increased to Rs 473.031 million in the nine month period ended September 30, 2011 as compared to Rs 344.650 million earned in the corresponding period in 2010.

The board of directors of the company in its meeting held on Thursday declared that the company’s earning per share has increased to Rs 76.82 in the period under review against Rs 55.97 in the same period last year.

According to the financial results sent to Karachi Stock Exchange, the company’s sales increased to Rs 3.784 billion in nine month period this year against Rs 3.112 billion in the same period last year.

The cost of sales increased to Rs 2.253 billion against Rs 1.885 billion.

The company’s distribution, administration and other operating expenses increased to Rs 859.287 million against Rs 699.975 million, while other operating incomes increased to Rs 51.408 million against Rs 12.111 million.

The company’s profit before taxation increased to Rs 714.470 million in the nine-month period this year against Rs 516.212 million in the same period last year.

On quarterly basis, the company’s profit after tax, however, declined to Rs 107.863 million translating earning per share at Rs 17.62 in the quarter ended September 30, 2011, as compared to after tax profit of Rs 124.867 million with per share earnings of Rs 20.28 in the same quarter last year.

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