KARACHI: The Board of Unilever Pakistan Limited
declared results of the company for the six months ended June 30 on
Tuesday, posting profit after tax (PAT) at Rs469 million, translating
into earning per share (eps) at Rs76.17.
It represented improvement over the PAT at Rs401 and eps at Rs65.15 in the same time last year.
Sales rose to Rs3.465 billion for the latest six months, from Rs3.006bn in the corresponding six months of last year. Cost of sales increased to Rs2.012bn, from Rs1.809bn.
In a statement presented alongside the report, the directors said that 2013 continues to be a challenging year, with energy crisis, adverse security environment, market closures and slowdown in consumer demand impacting the business.
Despite all that, the underlying sales grew 15 per cent and the growth was broad based. Gross margin increased by 212bps, through savings programs and a more favourable mix. “In 2Q, we stepped up advertising and promotion in an environment with many players vying for a share of the shrinking consumer wallet", directors said.
Lotte Chemical Pakistan
Formerly, the Lotte Pakistan PTA Limited announced results for the six months ended June 30 on Tuesday. The company posted loss after tax (LAT) at Rs423m, converting into loss per share (lps) at Re0.28.
It represented increase over the LAT at Rs294 and Lps at Re0.19 in the corresponding period of the earlier year. Revenue decreased to Rs25.9bn, from Rs26.5bn and gross loss rose to Rs568m, from Rs174m. While ‘other income’ showed strong growth to Rs278m in the latest six months from Rs30m same time last year, finance cost ate up the benefit with an increase to Rs108m, from Rs54m.
It represented improvement over the PAT at Rs401 and eps at Rs65.15 in the same time last year.
Sales rose to Rs3.465 billion for the latest six months, from Rs3.006bn in the corresponding six months of last year. Cost of sales increased to Rs2.012bn, from Rs1.809bn.
In a statement presented alongside the report, the directors said that 2013 continues to be a challenging year, with energy crisis, adverse security environment, market closures and slowdown in consumer demand impacting the business.
Despite all that, the underlying sales grew 15 per cent and the growth was broad based. Gross margin increased by 212bps, through savings programs and a more favourable mix. “In 2Q, we stepped up advertising and promotion in an environment with many players vying for a share of the shrinking consumer wallet", directors said.
Lotte Chemical Pakistan
Formerly, the Lotte Pakistan PTA Limited announced results for the six months ended June 30 on Tuesday. The company posted loss after tax (LAT) at Rs423m, converting into loss per share (lps) at Re0.28.
It represented increase over the LAT at Rs294 and Lps at Re0.19 in the corresponding period of the earlier year. Revenue decreased to Rs25.9bn, from Rs26.5bn and gross loss rose to Rs568m, from Rs174m. While ‘other income’ showed strong growth to Rs278m in the latest six months from Rs30m same time last year, finance cost ate up the benefit with an increase to Rs108m, from Rs54m.
