Nestle profit rises 64pc

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KARACHI: Nestle Pakistan Ltd posted a net profit of Rs5.3 billion in April-June, up 64.2 per cent from a year ago.

A stock filing on Monday showed the company also announced an interim dividend of Rs121 per share.

Revenues of the firm increased 21.5pc to Rs51.8bn in the three-month period.

Its half-yearly profit rose 42.7pc year-on-year to Rs10.9bn in January-June, the stock filing showed.

The company’s share price increased 0.87pc to Rs6,950 apiece on Monday.

Published in Dawn, August 1st, 2023

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