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.
Unilever Pakistan Limited
Avari Plaza
Fatimah Jinnah Road
Karachi 75530
+92-21-3 566 0870
fareshteh.aslam@unilever.com