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Unilever Pakistan Foods Q3 profit climbs 64.2% YOY

Unilever Pakistan Foods Ltd said its third-quarter normalized net income amounted to 50.81 Pakistani rupees per share, an increase of 64.2% from 30.95 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 312.9 million rupees, a gain of 64.2% from 190.6 million rupees in the year-earlier period.

The normalized profit margin climbed to 13.9% from 9.8% in the year-earlier period.

Total revenue increased 15.9% year over year to 2.25 billion rupees from 1.94 billion rupees, and total operating expenses rose 7.2% year over year to 1.77 billion rupees from 1.65 billion rupees.

Reported net income rose 57.1% year over year to 363.3 million rupees, or 59.01 rupees per share, from 231.3 million rupees, or 37.56 rupees per share.

As of Oct. 28, US$1 was equivalent to 104.77 Pakistani rupees.