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Unilever Pak declares 130 per cent cash dividend on higher profit

August 03, 2012


KARACHI: Unilever Pakistan Ltd has posted a higher profit after tax of Rs 2.405 billion during the half year ending June 30, 2012 and declared a cash dividend of Rs 65 per share.

According to financial results sent to KSE here Friday, the pre-tax profit of the company surged to Rs 3.435 million during the period under review compared to Rs 2.264 billion in the same period last year.

The earning per share also jumped to Rs 180.90 compared to Rs 115.20 in June 2011.

Unilever said that sales have recorded 12 per cent rise in the first half while earning per share grew by 57 per cent over last year.

Reduction in tax levies on tea will create more level playing field and generate more revenue for national exchequer.

At the same time, removal of federal excise duty on shampoos and creams will benefit consumers and help the company to accelerate penetration and use of these products in the country.