Nestle Pak declares 700pc dividend

KARACHI: Nestle Pakistan Ltd has posted a record profit after tax of Rs 5.864 billion for the year ending December 31, 2012 and declared a final cash dividend of Rs 70 per share.

According to financial results of the company despatched to Karachi Stock Exchange here Monday, the profit before tax also surged to Rs 7.977 billion as against Rs 6.502 billion same period last year.

The earning per share climbed to Rs 129.32 during the period under review, compared to Rs 102.94 in 2011.