Home Business Nestlé comes out of a tough year with 2% growth in sales

Nestlé comes out of a tough year with 2% growth in sales

Nestlé Pakistan posted a yearly sales revenue of PKR 124.6 billion for 2018, an increase of about 2% compared to previous year despite increasingly difficult economic conditions. Export sales during the same period stood at PKR 2.3 billion. The annual results were announced following a Board of Directors’ meeting at the company’s head office.

Operating profit for the year is PKR 20.3 billion vs PKR 23.6 billion in 2017. During the year 2018, higher commodity and fuel prices coupled with devaluation of PKR 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.

The major new product launches during 2018 included: NESTLÉ FRUITA VITALS PET, NESTLÉ MILKPAK 500ml, NESTLÉ NIDO Organic, NAN 2 BIB, NANGROW 3 BIB, NAN 1 with HMO, NESTLÉ CERELAC Savoury Spinach & Pumpkin, NESTLÉ LACTOGEN 1.2 Kg (new SKU), NAN HA and MILO 125ml.

Must Read

Users beware as Huawei Y9A phone does not support many apps including Google Play Store

Users beware as the Huawei Y9A phone does not support many apps including Google Play Store Pakistani mobile phone users must read carefully this content...

TECNO “REAL HERO” Spark 6 with Heroic theme is expected to launch on a TV channel

The leading smartphone brand TECNO Mobile is all set to unveil its premium phone Spark 6 in a grand virtual launch event. Finally, TECNO...

Digital technology vital for country’s development, Federal Minister for IT Syed Amin Ul Haque

ISLAMABAD (16-9-2020): Federal Minister for IT and Telecommunication Syed Amin Ul Haque has said that digital technology is vital for the development of the...

Pakistani consumers go cashless as trust in digital payments surges amid COVID-19: Visa survey

Pakistani consumers go cashless as trust in digital payments surges amid COVID-19: Visa survey   Current pandemic climate: 52% shopping more online,...

Zong 4G introduces Unbeatable International Roaming Bundles for 26 countries across Three Continents

  Islamabad – September 16, 2020: Pakistan’s leading telecom company, Zong 4G, has introduced new Continental roaming bundles covering 26 countries across three continents: Europe,...