Nestlé Pakistan Limited recorded sales of PKR 58.4 billion for the period January-June 2020, an increase of 1.0% compared to the same period last year despite the unprecedented circumstances caused by the COVID-19 outbreak. The Company recorded net profit of PKR 3.9 billion, a decline of 13.3% compared to the same period last year due to higher input costs and additional expenses on account of COVID-19.
The Company benefitted from its diversified product portfolio which helped to offset a sharp decline in demand for some of the products which were severely impacted due to the ongoing situation. Further, the Company ensured the availability of products throughout this period to meet consumer needs while ensuring the safety, health and wellbeing of its employees.
The Company also committed 100 million rupees in product and cash donation in the national response to the COVID-19 pandemic. As a part of this commitment, 4 million servings of milk, iron fortified dairy products, baby cereals, water and juices were distributed through national and provincial disaster management authorities, reputed NGOs and local governments to meet the nutritional needs of both COVID-19 affectees and frontline workers.
Nestlé is the world’s largest food and beverage company. It is present in 191 countries around the world, and its 328,000 employees are committed to Nestlé’s purpose of enhancing quality of life and contributing to a healthier future. Nestlé offers a wide portfolio of products and services for people and their pets throughout their lives.
Nestlé Pakistan is working tirelessly to ensure the provision of food and beverage products to consumers across Pakistan. They are following the strategic roadmap laid out by Prime Minister Imran Khan and respective provincial leaderships. In fact, the multinational giant has also joined hands with reputable NGOs. Through this, they will cater to COVID-19 emergency appeals for deserving people across Pakistan.