BR Research

Nestle steady despite eroding margins

Published February 9, 2012 Updated February 9, 2012 12:00am

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NESTLE PAKISTAN
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                                     CY11     CY10    chg
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Sales (Rs mn)                      64,824   51,487    26%
Gross profit margin                  25.8%    27.0%   -4%
Distribution and selling exp/sales   10.6%    11.1%   -5%
Operating profit margin              13.0%    13.3%   -2%
Finance cost/sales                    1.6%     1.0%   61%
Operating expenses/sales              1.6%     1.6%    3%
Net profit margin                     7.2%     8.0%  -10%
EPS (Rs)                           102.94    90.69    14%
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Source: KSE notice
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