Unilever Pakistan : Foods posts Rs401.143m profit after tax

RECORDER REPORT

KARACHI: Unilever Pakistan Foods Limited has posted Rs 401.143 million as profit after tax in the half year period ended June 30, 2012 as compared to Rs 364.523 million earned in the same period in 2011.

The company’s earning per share increased to Rs 65.15 in the period under review against Rs 59.20 in the same period last year.

In view of the financial results for the half year January to June 2012, the board of directors of the company has declared second interim dividend – 2012 of Rs 25 per share or 250 percent 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 September 13, 2012.

According to the financial results sent to Karachi Stock Exchange, the company’s sales increased to Rs 3.006 billion in the first half of 2012 against Rs 2.546 billion in the same period in 2011. The cost of sales increased to Rs 1.808 billion against Rs 1.522 billion.

The company’s profit before taxation increased to Rs 600.830 million in the first half of 2012 against Rs 538.860 million in the same period in 2011.

On quarterly basis, the company’s profit after taxation stood at Rs 213.201 million translating earning per share of Rs 34.62 in the quarter ended June 30, 2012 as compared to after tax profit of Rs 219.466 million with per share earning of Rs 35.64.