UPFL financial results H1 2012

Unilever Pakistan Foods Limited

Financial Results for the First Half (January - June), 2012

At its meeting held on 13th August 2012 at 14:30 Hrs at Karachi, our Board of Directors has approved the Condensed Interim Financial Information of the Company for the half year ended June 30, 2012.

On 18% higher sales, Earnings Per Share increased by 10% as the company buffered the impact on consumers of cost increases and continued to build brands by increasing investment in advertising and promotion.

Condensed Financial Information

QUARTER ENDED

HALF YEAR ENDED

June 30, 2012

June 30, 2011

June 30, 2012

June 30, 2011

(Rupees in thousands)

Sales

1,540,236

1,415,901

3,006,587

2,546,154

Less:Cost of Sales

(912,768)

(852,248)

(1,808,993)

(1,522,222)

Gross Profit

627,468

563,653

1,197,594

1,023,932

Less: Distribution, Admin & Other operating Expenses

(309,641)

(266,018)

(620,454)

(510,395)

Add: Other operating Incomes

8,030

19,413

34,649

34,969

325,857

317,048

611,789

548,506

Restructuring Cost

-

-

-

(5000)

Profit from Operations

325,857

317,048

611,789

543,506

Less: Finance Cost

(6,812)

(2,360)

(10,959)

(4,646)

Profit before Taxation

319,045

314,688

600,830

538,860

Less: Taxation

(105,844)

(95,222)

(199,687)

(174,337)

Profit after Tax

213,201

219,466

401,143

364,523

EPS-basic (Rupees)

34.62

35.64

65.15

59.20

Second Interim Dividend-2012

In view of the financial results for the half year January to June 2012, the Board of Directors has declared Second Interim Dividend -2012 of Rs. 25/- or 250% per Ordinary Share of Rs. 10/-. This will be payable to Members on the number of Ordinary Shares held by them at the close of business on 13 September 2012.

Together with the First Interim Dividend – 2012 of Rs. 25/- or 250% per Ordinary Share of Rs. 10/-, already paid, the total dividend upto the half year ended June 30, 2012 will thus amount to Rs. 50/- or 500% per Ordinary Share of Rs.10. (Half year January to June 2011, Rs.50/- or 500% per Ordinary Share of Rs. 10/-).

Closure Of Share Transfer Books

The Share Transfer Books of the Company will be closed from 07 September 2012 to 13 September 2012 (both days inclusive), and will re-open on 14 September 2012. Transfers in good order, received at the Company’s Share Registration Office c/o Famco Associates (Private) Limited, State Life Building No. 1-A, I.I. Chundrigar Road, Karachi, by the close of business on 06 September 2012 will be treated in time for the purpose of payment of Second Interim Dividend -2012 to the transferees.

Fareshteh Aslam

Unilever Pakistan Limited
Avari Plaza
Fatimah Jinnah Road
Karachi 75530

+92-21-3 566 0870

fareshteh.aslam@unilever.com

Explore more on these topics:
Back to top