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Unilever Pakistan Foods profit holds relatively steady YOY in Q1

Unilever Pakistan Foods Ltd said its first-quarter normalized net income came to 43.09 Pakistani rupees per share, compared with 42.98 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 265.3 million rupees, compared with 264.6 million rupees in the year-earlier period.

The normalized profit margin fell to 12.4% from 13.6% in the year-earlier period.

Total revenue rose 9.5% on an annual basis to 2.14 billion rupees from 1.95 billion rupees, and total operating expenses grew 11.8% year over year to 1.70 billion rupees from 1.52 billion rupees.

Reported net income rose from the prior-year period to 296.7 million rupees, or 48.19 rupees per share, from 293.5 million rupees, or 47.66 rupees per share.

As of April 24, US$1 was equivalent to 101.58 Pakistani rupees.