RECORDER REPORT

KARACHI: The profit after tax of Unilever Foods has increased to Rs 1.355 billion in year ended December 31, 2017 as compared to Rs 1.277 billion earned in the corresponding period in 2016.

The board of directors of the company in its meeting held on February 26, 2018 declared that the company’s earning per share surged to Rs 220.16 in the period under review against Rs 207.24 in the same period a year ago.

According to financial results sent to Pakistan Stock Exchange on Tuesday, the company’s sales increased to Rs 10.745 billion in the year 2017 as compared to Rs 9.466 billion in 2016 while cost of sales increased to Rs 5.911 billion against Rs 5.264 billion.

The company’s profit before taxation increased to Rs 1.920 billion in 2017 against Rs 1.767 billion in 2016.